>>> Up
* Bayer Raised to Buy at Commerzbank; PT 84 euros (+)
* Credit Suisse PT Raised to 8 Swiss francs at Credit Suisse
* Daimler Raised to Buy at BofA; PT 43 euros (+)
* Elior Group Raised to Buy at Citi
* Enersense Raised to Buy at Inderes; PT 2.50 euros (+)
* Expert System Raised to Buy at MainFirst; PT 3.70 euros
* Hapag-Lloyd Raised to Buy at Bankhaus Metzler; PT 69 euros
* RELX Raised to Hold at Investec; PT 1,850 pence (+)
* Rockwool Raised to Hold at Handelsbanken; PT 1,850 kroner
* Sampo Oyj Raised to Buy at Inderes (+)
* Team17 Raised to Hold at Jefferies; PT 537 pence
* Volvo Raised to Overweight at JPMorgan; PT 180 kronor
>>> Down
* Admiral Cut to Reduce at Peel Hunt; PT 2,120 pence
* Big Yellow Group Cut to Hold at Berenberg; PT 1,050 pence
* Porsche SE Cut to Neutral at BofA (+)
* Saipem PT Cut to 3.70 euros at Banca Akros (ESN) (+)
* Sbanken Cut to Hold at Arctic Securities; PT 66 kroner
* Sodexo Cut to Neutral at Citi
* SpareBank 1 Ringerike Hadeland Cut to Sell at Arctic Securities
* SpareBank 1 Nord Norge Cut to Hold at Arctic Securities
* Sparebanken More Cut to Hold at Arctic Securities
* VW Cut to Neutral at BofA (+)
>>> Initiation
* Eutelsat Reinstated Buy at Deutsche Bank; PT 14 euros
* JDE PEET'S Rated New Underperform at Jefferies; PT 31.25 euros
* SES GDRs Resumed Buy at Deutsche Bank; PT 11 euros
* Renault Reinstated Buy at BofA; PT 27 euros (+)
* SoftwareONE Rated New Overweight at Morgan Stanley
>>> Call
* Admiral Downgraded at Peel on Valuation, Recessionary Impact (+)
* European Satellites Still Offer Attractions, Deutsche Bank Says
* Hapag-Lloyd Double-Upgraded to Buy as Metzler Sees Positive 2Q (+)
* Sodexo Cut at Citi on Guidance, Covenants Worry; Elior Upgraded
* Teleperformance New Neutral at Citi Amid Potential Margin Risk (+)
* Team17 Sees Strong Sales Traction; Too Early to Assess FY Impact (+)
* Volkswagen, Porsche Cut at BofA on 2Q Outlook, Daimler Raised