TheChek News Flow

>>> Up

* Banca Generali Raised to Outperform at Mediobanca SpA

* Bayer Raised to Buy at UBS; PT 52 euros

* Carlsberg Raised to Buy at Berenberg; PT 1090 kroner

* Daimler Truck Raised to Buy at DZ Bank; PT 52 euros (+)

* Hammerson Raised to Overweight at Morgan Stanley; PT 400 pence

* Hemnet Raised to Neutral at UBS; PT 122 kronor

* Ipsen Raised to Neutral at BNP Paribas; PT 160 euros

* Merlin Properties Raised to Overweight at Morgan Stanley

* Naturgy Raised to Neutral at Grupo Santander; PT 28.40 euros
* Petrobras ADRs Raised to Buy at Banco BTG Pactual; PT $21

* Reckitt Raised to Overweight at Morgan Stanley; PT 6,300 pence

* Royal Unibrew Raised to Buy at Berenberg; PT 681 kroner

* Savills Raised to Buy at Peel Hunt; PT 1,400 pence

* Segro Raised to Overweight at Morgan Stanley; PT 880 pence

* Solstad Maritime Holding Raised to Buy at Clarksons

* SSE PT Raised to 2,850 pence from 2,500 pence at Deutsche Bank (+)

* Stef Raised to Buy at TP ICAP Midcap; PT 141 euros (+)

* System1 Raised to Buy at Canaccord; PT 610 pence (+)

* Zurich Ins. Raised to Equal-Weight at Morgan Stanley

>>> Down

* Anglogold Cut to Equal-Weight at ABSA Securities; PT $113.30

* Beiersdorf Cut to Underweight at Morgan Stanley; PT 77 euros

* Big Yellow Group Cut to Underweight at Morgan Stanley
* Didi Global ADRs Cut to Neutral at Macquarie; PT $3.90

* Dof Group Cut to Neutral at Clarksons; PT 125 kroner

* Henkel Cut to Underweight at Morgan Stanley; PT 66.50 euros

* Kinnevik PT Cut to 65 kronor from 90 kronor at Deutsche Bank (+)

* LondonMetric Cut to Underweight at Morgan Stanley; PT 205 pence

* National Grid Cut to Sell at UBS; PT 1,160 pence

* Snam Cut to Neutral at Grupo Santander; PT 7 euros

* Stroeer Cut to Market Perform at Bernstein; PT 36 euros

* Subsea 7 Cut to Hold at Arctic Securities; PT 280 kroner (+)

* Taylor Wimpey Cut to Hold at Stifel; PT 95 pence (+)

* TeamViewer Cut to Equal-Weight at Barclays; PT 5 euros

* Var Energi Cut to Hold at Fearnley; PT 41 kroner (+)

>>> Initiation

* Aberdeen Group Rated New Hold at Cavendish; PT 212 pence (+)

* Ashmore Rated New Sell at Cavendish; PT 168 pence (+)

* Impax Asset Rated New Buy at Cavendish; PT 210 pence (+)

* Jupiter Rated New Sell at Cavendish; PT 164 pence (+)

* Liontrust Rated New Buy at Cavendish; PT 415 pence (+)

* Ninety One Rated New Buy at Cavendish; PT 276 pence (+)
* Norconsult Norge Rated New Buy at Arctic Securities

* Polar Capital Rated New Buy at Cavendish; PT 849 pence (+)

* Premier Miton Group PLC Reinstated Buy at Cavendish; PT 67 pence (+)

* Zurich Ins. Reinstated Outperform at ZKB (+)

>>> Call

* Carlsberg, Royal Unibrew Upgraded at Berenberg on Soft Drinks (+)

* Goldman’s Oppenheimer Sees Likely Correction But no Bear Market (+)
* LVMH Drops as Morgan Stanley Slashes PT on Murakami, Middle East

* Morgan Stanley’s Wilson Sees Equity Correction Nearing End (+)

* Stroeer Cut to Market Perform at Bernstein Over Non-Core Assets

* Tecan 2026 Outlook to Spur Estimate Downgrades, Analysts Say (+)