>>> Up
* Aker Solutions Raised to Overweight at JPMorgan; PT 21 kroner
* Aker Solutions Raised to Outperform at Credit Suisse (+)
* ArcelorMittal Raised to Buy at SocGen; PT 32.50 euros
* Chemring Group Raised to Buy at Panmure Gordon; PT 302 pence (+)
* CNH Industrial Raised to Buy at Deutsche Bank; PT $16
* IHG LN PT Raised to 5,600 pence at Deutsche Bank
* ITM Power Raised to Buy at Panmure Gordon; PT 822 pence
* Melia Hotels Raised to Buy at Deutsche Bank; PT 7.20 euros
* Redrow Raised to Overweight at JPMorgan; PT 600 pence
>>> Down
* Ascential Cut to Hold at Peel Hunt
* Berkeley Cut to Neutral at JPMorgan; PT 4,900 pence
* BW LPG Cut to Sell at Cleaves Securities; PT 52 kroner
* Calisen Cut to Neutral at Credit Suisse; PT 261 pence (+)
* Drone Volt SACA Cut to Add at AlphaValue
* Panostaja Cut to Reduce at Inderes; PT 80 euro cents (+)
* Recipharm Cut to Hold at Handelsbanken; PT 220 kronor
* Recipharm Cut to Hold at SEB Equities; PT 220 kronor
* SMCP Cut to Hold at Jefferies; PT 5.75 euros
* Suedzucker PT Cut to 9.60 euros from 11.60 euros at Barclays (+)
* Swedbank Cut to Equal-Weight at Morgan Stanley; PT 176 kronor
* Wood Cut to Neutral at Credit Suisse; PT 350 pence (+)
>>> Initiation
* CNH Industrial Rated New Market Perform at Oppenheimer
* Euskaltel Rated New Buy at Citi
* Orkla Rated New Equal-Weight at Morgan Stanley; PT 90 kroner
* Ringmetall Rated New Buy at Hauck & Aufhaeuser; PT 3.70 euros (+)
* Rua Life Sciences PLC Rated New Buy at Cenkos Securities
* Telefonica Rated New Neutral at Citi
>>> Call
* Ceconomy’s New Shareholder Structure ‘Great News’: Baader
* JPMorgan, Citi Prefer U.K. Homebuilder Value Plays in 2021 (+)
* Orkla Transformation to Take Time, Equal-Weight: Morgan Stanley
* SMCP Online Discounting Hurts Brand, Margins, Jefferies Says-
* Spanish Telecoms Outlook Mixed, Consolidation Is Likely: Citi
* Swedbank Fairly Valued, Cost Control in Focus: Morgan Stanley