>>> Up
* Admiral Raised to Outperform at RBC; PT 3,400 pence
* AMD Raised to Buy at HSBC; PT $225
* Avio Raised to Buy at Banca Akros (ESN); PT 13 euros (+)
* Barry Callebaut Raised to Buy at Stifel; PT 1,600 Swiss francs
* Barry Callebaut Raised to Neutral at UBS (++)
* Bilfinger Raised to Buy at AlphaValue/Baader
* Broadpeak Raised to Buy at TP ICAP Midcap; PT 3 euros (+)
* Bureau Veritas price target raised to EUR 31 from EUR 28 at Berenberg
* Chemometec Raised to Hold at Nordea
* Ence Raised to Hold at Bestinver; PT 3.45 euros
* Eurobank Raised to Buy at Goldman; PT 2.50 euros
* Givaudan price target raised to CHF 3,500 from CHF 3,250 at Morgan Stanley
* Grand City Properties price target raised to EUR 12.50 at Berenberg
* Hemnet Group price target raised to SEK 330 from SEK 320 at Morgan Stanley
* Iberpapel Gestion Raised to Buy at Bestinver; PT 28.75 euros
* Indra Raised to Add at AlphaValue/Baader (++)
* Intertek price target raised to 5,400 GBp from 4,900 GBp at Berenberg
* Kesko Raised to Accumulate at Inderes; PT 18 euros
* Kingspan Raised to Buy at Kepler Cheuvreux; PT 94 euros (++)
* MBank Raised to Hold at Erste Group; PT 560 zloty
* MBank Raised to Hold at Erste Group; PT 560 zloty
* Millicom GDRs Raised to Buy at Handelsbanken (+)
* Moneysupermarket Raised to Buy at Peel Hunt; PT 280 pence (++)
* Naturgy Raised to Hold at Kepler Cheuvreux; PT 23.50 euros (++)
* Navigator Co Raised to Buy at Bestinver; PT 6.30 euros
* Netflix PT Raised to $685 from $595 at Macquarie
* Novo Nordisk price target raised to DKK 990 from DKK 930 at Morgan Stanley
* Orsted price target raised to DKK 480 from DKK 470 at Deutsche Bank
* Savills Raised to Buy at HSBC; PT 1,260 pence
* SGS Raised to Overweight at JPMorgan; PT 96 Swiss francs
* Spie PT Raised to 33 euros from 28 euros at Jefferies
* Trilogiq Raised to Buy at Bestinver; PT 7.05 euros
* Tyson Raised to Overweight at Barclays; PT $69
* VAT Group price target raised to CHF 539 from CHF 450 at Berenberg
* Zurich Insurance price target raised to CHF 445 from CHF 425 at Deutsche Bank
>>> Down
>>> Down
* Acerinox Cut to Underweight at JPMorgan; PT 8.80 euros
* Alpha Services Cut to Neutral at Goldman; PT 1.95 euros
* ArcelorMittal Cut to Hold at Deutsche Bank
* Ashtead Technology Cut to Hold at Numis; PT 800 pence (+)
* Bilia Cut to Hold at Nordea
* Dr Martens PT Cut to 75 pence from 90 pence at Morgan Stanley (+)
* Enagas price target lowered to EUR 14 from EUR 14.50 at Deutsche Bank
* Hollywood Bowl Cut to Add at Peel Hunt; PT 375 pence (++)
* Icade price target lowered to EUR 24 from EUR 32 at Deutsche Bank
* Lyko Cut to Sell at Danske Bank Markets; PT 110 kronor (++)
* Pennon Group price target lowered to 700 GBp from 760 GBp at Deutsche Bank
* Phoenix Group Cut to Underweight at Barclays; PT 500 pence
* Selvaag Bolig Cut to Hold at ABG; PT 40 kroner
* SSAB Cut to Neutral at JPMorgan; PT 70 kronor
* Suedzucker Cut to Hold at mwb research AG; PT 14 euros (++)
* Swatch PT Cut to 190 Swiss francs at Morgan Stanley
* United Utilities price target lowered to 1,060 GBp at Deutsche Bank
* United Utilities price target lowered to 1,060 GBp at Deutsche Bank
* Voestalpine Cut to Underweight at JPMorgan; PT 22.20 euros
>>> Initiation
>>> Initiation
* ASML Rated New Outperform at Evercore ISI; PT 1,085 euros
* Auna Rated New Overweight at Morgan Stanley; PT $14
* Epiroc Rated New Underperform at Oddo BHF (+)
* Experian Reinstated Buy at Redburn; PT 4,340 pence
* GE Vernova Rated New Buy at Goldman; PT $154 (+)
* GlobalFoundries Rated New Outperform at Evercore ISI
* Intel Rated New Inline at Evercore ISI
* Metso Rated New Outperform at Oddo BHF (+)
* MOTO GA Rated New Buy at Eurobank Equities; PT 4 euros (++)
* NCAB Group Rated New Buy at Danske Bank Markets; PT 75 kronor (++)
* NXP Semi Rated New Outperform at Evercore ISI; PT $300
* ON Semi Rated New Outperform at Evercore ISI
* Okeanis Eco Tankers Rated New Buy at B Riley
* PepsiCo Rated New Outperform at CICC; PT $183
* Qualcomm Rated New Inline at Evercore ISI
* Renk Group Rated New Neutral at JPMorgan; PT 32.50 euros
* Saccheria FLli Franceschetti - Rated New Buy at Banca Profilo (++)
* Sandvik Rated New Neutral at Oddo BHF (+)
* Sanofi Rated New Outperform at Grupo Santander; PT 113 euros
* Titan Cement Rated New Buy at KBC Securities; PT 32 euros (+)
>>> Call
>>> Call
* Admiral Raised to Outperform at RBC: Europe Research Digest (++)
* ArcelorMittal Shares Drop; Deutsche Bank Cuts on Soft Demand (++)
* Acerinox, SSAB Shares Slide as JPMorgan Cuts on EU Steel Outlook (++)
* Auna Rated Overweight at JPMorgan, Morgan Stanley: Street Wrap (++)
* Barry Callebaut Jumps; Stifel Upgrades With Cocoa Now Priced In (++)
* JPMorgan Analysts Remove Cautious View on European Banks
* Citi Says Stretched Positioning Set to Fuel US Stock Pullback (+)
* Admiral Raised to Outperform at RBC, Momentum Not Reflected
* Admiral Raised to Outperform at RBC, Momentum Not Reflected
* Citi Sees Trans-Atlantic Airline Recovery, IAG on Positive Watch
* Citi’s Montagu Says Long Futures Positions Could Pressure Stocks (+)
* Draegerwerk Results Mixed, But Outlook Confirmed, Jefferies Says
* Nvidia and AMD Rated Outperform With Evercore Bullish on Chips
* Phoenix Group Drops as Barclays Double-Downgrades to Underweight (++)
* ProSieben Results Raise Confidence for Full Year, Citi Says
* Sika Revenue In Line, Americas Growth Positive: Morgan Stanley
* Swatch PT Moved to Street-Low at Morgan Stanley, Estimates Cut