TheChek News Flow

>>> Up

* Aviva Raised to Buy at HSBC; PT 555 pence

* Burberry Raised to Neutral at Mediobanca SpA; PT 850 pence
* DSV Raised to Outperform at BNPP Exane; PT 1,700 kroner

* Ericsson Nikola Tesla Raised to Buy at Erste Group; PT 227 euros

* InterContinental Hotels Raised to Overweight at Barclays

* Microsoft Raised to Buy at First Shanghai; PT $500

* Orsted Raised to Hold at DNB Markets; PT 390 kroner

* Shell Raised to Outperform at Grupo Santander; PT 3,000 pence

* Spirax Raised to Buy at HSBC; PT 8,000 pence

>>> Down

* Carlsberg Cut to Underweight at Barclays; PT 698 kroner

* CVC Capital Cut to Neutral at Citi; PT 22.60 euros

* Givaudan Cut to Underweight at Barclays; PT 3,750 Swiss francs

* Hugo Boss Cut to Add at Baader Helvea; PT 45 euros

* MARR SpA Cut to Neutral at Mediobanca SpA; PT 12.50 euros

* Netflix Cut to Hold at First Shanghai; PT $823je sais pas
* Nice Ltd ADRs Cut to Neutral at Piper Sandler; PT $187

* Nice Ltd ADRs Cut to Market Perform at Oppenheimer

* SMA Solar Cut to Sell at DZ Bank; PT 10 euros

* Treatt Cut to Underweight at Barclays; PT 480 pence

* Whitbread Cut to Equal-Weight at Barclays; PT 3,160 pence

>>> Initiation

* AbbVie Reinstated Outperform at Wolfe; PT $205

* Accelleron Rated New Outperform at Oddo BHF; PT 59 Swiss francs

* Amgen Reinstated Peerperform at Wolfe

* Bechtle Rated New Neutral at Redburn; PT 28.50 euros

* Biogen Reinstated Peerperform at Wolfe

* BioMarin Rated New Outperform at Wolfe; PT $95

* Bristol Myers Rated New Peerperform at Wolfe

* CDW Rated New Buy at Redburn; PT $230

* Eli Lilly Rated New Outperform at Wolfe; PT $1,000

* Gilead Rated New Outperform at Wolfe; PT $110

* Johnson & Johnson Rated New Outperform at Wolfe; PT $190

* Merck & Co Rated New Peerperform at Wolfe

* Pan African Rated New Overweight at ABSA Securities

* Per Aarsleff Rated New Buy at Nordea; PT 500 kroner

* Pfizer Rated New Underperform at Wolfe; PT $25
* Suedzucker Rated New Neutral at Matelan Research; PT 14.50 euros

>>> Call