TheChek News Flow

>>> Up

* 1&1 Drillisch Raised to Neutral at Exane; PT 25 euros

* Bakkavor Raised to Buy at Investec; PT 111 pence

* Brunel Raised to Outperform at Oddo BHF (+)

* Euskaltel Raised to Outperform at Exane; PT 11.50 euros

* Frontier Developments Raised to Buy at Jefferies; PT 3,323 pence

* Hugo Boss PT Raised to 57 euros from 46 euros at M.M. Warburg

* OHB SE Raised to Buy at HSBC; PT 44 euros
* Pandora Raised to Neutral at Goldman; PT 670 kroner

* Paradox Interactive Raised to Buy at Jefferies; PT 254 kronor

* Philips Raised to Overweight at JPMorgan; PT 50.70 euros

* Senior Raised to Overweight at Barclays; PT 139 pence

* Shurgard Self Storage Raised to Buy at HSBC; PT 42 euros

* Software AG Raised to Equal-Weight at Morgan Stanley

* Standard Life Aberdeen Raised to Buy at Deutsche Bank

* Telecom Italia Raised to Neutral at Exane; PT 41 euro cents

* TKH GDRs Raised to Buy at ING; PT 49 euros

* Wacker Chemie Raised to Add at AlphaValue

>>> Down

* Clariant Cut to Hold at SocGen; PT 20 Swiss francs

* Dialog Semi Cut to Hold at Deutsche Bank; PT 67.50 euros

* DiaSorin Cut to Underweight at Morgan Stanley; PT 124 euros

* Elekta Cut to Underweight at JPMorgan; PT 80 kronor

* Randstad Cut to Equal-Weight at Morgan Stanley; PT 62.50 euros

* Reply Cut to Hold at Alantra Equities; PT 110 euros

* TechnipFMC Cut to Neutral at Citi
* Telefonica Deutschland Cut to Neutral at Exane; PT 2.20 euros

* Telenor Cut to Neutral at Exane; PT 147 kroner

* Thyssenkrupp Cut to Underweight at Morgan Stanley; PT 8.10 euros

* Verbund Cut to Underperform at Oddo BHF (+)

* Virbac Cut to Underperform at Oddo BHF (+)

* Yara Cut to Neutral at SpareBank; PT 450 kroner (+)

>>> Initiation

* Kape Technologies Rated New Buy at Stifel; PT 395 pence
* Nordic Semiconductor Rated New Buy at Deutsche Bank

* SBB Rated New Buy at Pareto Securities; PT 33 kronor (+)

* Technip Energies Rated New Buy at Citi

>>> Call

* Brunello Cucinelli PT Raised as Jefferies ‘Impressed’ by Outlook (+)

* Citi Prefers Technip Energies Over TechnipFMC on Valuation (+)

* LSE Shares Undervalued as Firm Now a Data Company: Berenberg (+)

* Ocado’s Pandemic Boost Set to Unwind, Jefferies Says (+)

* Paradox Interactive Undervalued Post Share-Price Drop: Jefferies

* Pandora Ebit Estimate, PT Boosted at Goldman as Stock Upgraded (+)

* Randstad Upside Surprises Limited, Take Profits: Morgan Stanley

* Software AG Downside Limited, Rating Upgraded at Morgan Stanley
* Thyssenkrupp Cut at Morgan Stanley on Execution Risks, Valuation

* VW Common-Share Rally Boosting Holding Co. Discount: Bernstein (+)