TheChek News Flow

* Kempower Raised to Accumulate at Inderes; PT 15 euros

* Mowi Raised to Buy at Pareto Securities; PT 220 kroner

* NKT Price Target Raised to DKK 1,175 from DKK 955 by Nordea

* Repsol raised to Buy From Hold at Kepler Cheuvreux PT Euro 25.5

* Rheinmetall Raised to Buy at Citi; PT 1,408 euros (+)

* Saab Raised to Neutral at Citi; PT 527 kronor (+)

* Shell raised to Buy from Hold at HSBC PT 3,700p

>>> Down

* Applied Materials Cut to Equal-Weight at Morgan Stanley (+)

* BPER Banca Cut to Hold at Deutsche Bank; PT 13.40 euros (+)
* Commerzbank Cut to Market Perform at KBW; PT 39 euros

* Nanobiotix SA Cut to Hold at Portzamparc; PT 35 euros (+)

* Ouster Cut to Neutral at President Capital Management; PT $35

* Oxford Instruments Cut to Hold at Berenberg; PT 3,000 pence

* Regeneron Cut to Neutral at Citi; PT $700

* Taylor Wimpey Cut to Neutral at Rothschild & Co Redburn

* TKH GDRs Cut to Neutral at Oddo BHF; PT 53 euros

>>> Initiation

* America Movil ADRs Reinstated Buy at Goldman; PT $31.80

* Brave Bison Rated New Buy at Shore Capital; PT 125 pence

* Cohort Rated New Hold at Jefferies; PT 1,290 pence

* Elmet Group Rated New Buy at Roth Capital Partners; PT $21

* Mobileye Rated New Underperform at Jefferies; PT $8

* Naturgy Rated New Buy at NSV; PT 30.40 euros

* Tim Brasil ADRs Reinstated Neutral at Goldman; PT $23.40

* Vivo ADRs Reinstated Sell at Goldman; PT $13.90

>>> Call

* ABN Amro Price Target Raised to Street High at Citi After 1Q

* Burberry Upgraded at Morgan Stanley, Now a Top Pick in Luxury
* BMO Confirms SAP's Outperform Rating After Sapphire 2026 Event

* BofA: Hochtief 'Looks Poised' for Outlook Upgrade by Q3 Results; Price Objective, Estimates Up (+)

* Oxford Instruments Seems Fairly Valued, Cut to Hold at Berenberg

* RBC Updates Forecasts for RWE After Q1 Results; Outperform Rating Kept