TheChek News Flow

>>> Up

* ABN AMRO GDRs Raised to Hold at Berenberg; PT 18 euros

* Adidas Raised to Buy at HSBC; PT 175 euros

* Aixtron Raised to Buy at Deutsche Bank; PT 34 euros

* Amadeus Raised to Neutral at Exane; PT 54 euros

* BAE PT Raised to 1,146 pence from 1,038 pence at Citi

* Cap-XX Raised to Buy at Cenkos Securities
* Nexstim Raised to Accumulate at Inderes; PT 4.50 euros

* Pirelli Raised to Neutral at Goldman; PT 4.80 euros

* Siemens Energy Raised to Overweight at JPMorgan; PT 25 euros

* Smith & Nephew Raised to Buy at Liberum; PT 1,410 pence

* Spotify Raised to Buy at Redburn

* Vincit Raised to Buy at Inderes; PT 5.70 euros

* Zalaris Raised to Buy at SpareBank; PT 50 kroner

>>> Down

* Acerinox Cut to Hold at Mirabaud Securities; PT 11.05 euros

* BAE Cut to Hold at Berenberg; PT 950 pence

* Dassault Aviation Cut to Hold at Berenberg

* Enagas Cut to Underperform at Exane; PT 15.40 euros

* Freelance.com Cut to Hold at Stifel; PT 7.20 euros

* Givaudan Cut to Equal-Weight at Morgan Stanley
* Loihde Cut to Reduce at Inderes; PT 14 euros

* Raiffeisen Cut to Neutral at Exane; PT 18 euros

* Relais Group Cut to Accumulate at Inderes; PT 13.50 euros

* Sika Cut to Hold at Stifel; PT 270 Swiss francs

* Solwers Cut to Accumulate at Inderes; PT 6 euros

>>> Initiation

* Calliditas Therapeutics ADRs Rated New Neutral at Guggenheim
* Hexatronic Rated New Buy at SEB Equities; PT 158 kronor

* Majorel Rated New Buy at Berenberg; PT 34 euros

* UPM-Kymmene Rated New Overweight at Barclays; PT 42 euros

>>> Call

* Berenberg More Selective on Defense Stocks, Cuts BAE, Dassault

* Citi Strategists Upgrade European Earnings Estimates for 2023
* Givaudan Downgraded at Morgan Stanley on Slower Volume Growth

* Indra Guidance Implies Consensus Ebit Upgrades: Morgan Stanley

* ING Preferred Benelux Bank at Berenberg, ABN Amro Upgraded