TheChek News Flow

>>> Up

* 1&1 Raised to Buy at Citi; PT 18 euros

* AB Foods Raised to Add at Investec; PT 2,195 pence

* Campari Raised to Neutral at BNPP Exane; PT 11.80 euros

* KPN Raised to Outperform at BNPP Exane; PT 3.80 euros

* Neste Raised to Buy at Goldman; PT 46 euros

* Scanfil Raised to Accumulate at Inderes; PT 10 euros

* Telefonica Deutschland Raised to Buy at Citi; PT 2 euros

* TomTom Raised to Add From Reduce by AlphaValue

* United Internet Raised to Buy at Citi; PT 23 euros
* Vestas Raised to Buy at Deutsche Bank After Recent Declines

>>> Down
* ADP Cut to Reduce at HSBC; PT 104 euros
* Aena Cut to Reduce at HSBC; PT 129 euros

* BBS-Bioactive Bone Substitutes Cut to Reduce at Inderes

* BMW Cut to Underweight at Barclays; PT 92.50 euros

* Galp Cut to Neutral at BNPP Exane; PT 14.50 euros

* KPN Cut to Neutral at Citi; PT 3.55 euros

* Lanxess Cut to Equal-Weight at Morgan Stanley; PT 30 euros

* Pernod Ricard Cut to Neutral at BNPP Exane; PT 190 euros

* Remy Cointreau Cut to Underweight at Barclays; PT 128 euros

* Snam Cut to Hold at SocGen; PT 5.10 euros

* Telefonica Cut to Underperform at BNPP Exane; PT 3.20 euros

* Wise PLC Cut to Reduce From Add by AlphaValue

* WPP Cut to Add From Buy by AlphaValue

* Zurich Airport Cut to Reduce at HSBC; PT 156 Swiss francs

>>> Initiation

* Basler Rated New Hold at Hauck & Aufhaeuser; PT 12 euros

* Bouygues Rated New Hold at Stifel; PT 32 euros

* Kering Rated New Accumulate at CLSA; PT 530 euros

* LVMH Rated New Buy at CLSA; PT 970 euros

* Moncler Rated New Accumulate at CLSA; PT 68 euros
* NTG Nordic Transport Group Rated New Buy at DNB Markets

* Richemont Rated New Buy at CLSA; PT 151 Swiss francs

>>> Call
* BARCLAYS CUTS EUROPEAN LUXURY VIEW TO NEUTRAL FROM POSITIVE

* BMW Cut to Underweight at Barclays On Limited Ebit Expansion

* Goldman Says Korea Stocks Top Bet as Some China Worries May Fade

* Lanxess Downgraded at Morgan Stanley on Delayed Cycle Recovery

* Pernod, Remy Double-Downgraded at Barclays on China Demographics