>>> Up
* Argenx ADRs PT Raised to $601 from $478 at Stifel
* Argenx ADRs PT Raised to $550 from $435 at SVB
* Ericsson Raised to Hold at SocGen; PT 56 kronor
* Fortum Raised to Buy at Citi; PT 13.60 euros
* Kinnevik Raised to Hold at DNB Markets; PT 145 kronor
* Orion Raised to Accumulate at Inderes; PT 40 euros
* Spotify PT Raised to $200 from $165 at Macquarie
* TAG Immobilien Raised to Hold at Deutsche Bank; PT 9 euros
* Vonovia Raised to Buy at Deutsche Bank; PT 25 euros
>>> Down
* Celanese Cut to Hold at Deutsche Bank; PT $125
* Duni Cut to Hold at Handelsbanken
* Komplett Cut to Hold at Nordea
* Metsa Board Cut to Hold at DNB Markets; PT 8 euros
>>> Initiation
* Budimex Reinstated Buy at Wood & Company; PT 455 zloty
* HSBC ADRs Rated New Hold at Baptista Research; PT $45.70
* L'Oreal Assumed Equal-Weight at Morgan Stanley; PT 450 euros
* Mytilineos Rated New Overweight at Morgan Stanley; PT 43 euros
* Santander Reinstated Equal-Weight at Barclays; PT 4.40 euros
>>> Call
* Fortum Valuation Discounts Capacity Risks, Citi Raises to Buy
* JPMorgan’s Kolanovic Sees ‘Modestly Wider’ Path to Soft Landing
* Citi Strategists Say Traders Are Positioning for a Soft Landing
* L’Oreal Equal-Weight as Morgan Stanley Awaits Better Opportunity
* Mytilineos New Overweight at Morgan Stanley on Quality Growth