>>> Up
* Apax Global Alpha Raised to Buy at Jefferies
* Argenx Raised to Buy at KBC Securities; PT 221 euros (+)
* Greencore Group Raised to Overweight at Barclays; PT 140 pence
* Maersk Raised to Buy at Handelsbanken; PT 11,000 kroner
* Naturgy Raised to Neutral at Goldman; PT 17 euros
* Norsk Hydro Raised to Neutral at SpareBank; PT 30 kroner (+)
* Royal Unibrew PT Raised to 740 kroner at Jefferies
* Siemens Gamesa Raised to Buy at SocGen; PT 28 euros
* SSE Raised to Buy at HSBC; PT 1,470 pence
>>> Down
* Adyen Cut to Reduce at KBC Securities; PT 900 euros (+)
* Alior Cut to Hold at SocGen; PT 17 zloty
* Fortum Cut to Neutral at Oddo BHF; PT 17 euros (+)
* Instalco AB Cut to Hold at SEB Equities; PT 170 kronor
* Lanxess Cut to Add at Baader Helvea; PT 55 euros
* M&G Cut to Hold at Deutsche Bank; PT 195 pence
* New Work SE Cut to Sell at Berenberg; PT 220 euros
* Wacker Chemie Cut to Add at Baader Helvea; PT 92 euros
>>> Initiation
* ABB Rated New Sell at Berenberg; PT 20 Swiss francs
* Adevinta Rated New Equal-Weight at Morgan Stanley
* Brockhaus Capital Management Rated New Buy at Citi
* Brockhaus Capital Management Rated New Buy at Jefferies
* Brockhaus Capital Management Rated New Buy at Commerzbank
* Cranswick Rated New Underweight at Barclays; PT 3,500 pence
* Eaton Corp Rated New Hold at Berenberg; PT $110
* Emerson Electric Rated New Buy at Berenberg; PT $83
* Games Workshop Rated New Buy at Panmure Gordon; PT 12,000 pence
* Legrand Rated New Buy at Berenberg; PT 80 euros
* Newron Pharma Rated New Add at Baader Helvea
* Qiagen Reinstated Overweight at JPMorgan; PT $60
* Rexel Rated New Buy at Berenberg; PT 15 euros
* Rockwell Automation Rated New Buy at Berenberg; PT $270
* Schneider Electric Rated New Buy at Berenberg; PT 120 euros
* Siemens Rated New Buy at Berenberg; PT 140 euros
* Thermo Fisher Reinstated Overweight at JPMorgan; PT $460
>>> Call
* A Potential Accor/IHG Merger Could Face CFIUS Hurdles: Kepler (+)
* Buy Travis Perkins Amid ‘Astonishing’ DIY Recovery: Berenberg (+)
* Cranswick China Suspension Is Unhelpful in Short Term: Peel Hunt (+)
* Equinor’s Energy Transition Strategy Looks Most Compelling: RBC
* Kudelski Seen Down on Guidance Cut, Missed Estimates: Vontobel (+)
* LVMH’s Portfolio is Built for Tough Times Like These, RBC Says
* M&G Cut at Deutsche Bank on ‘Less Engaging’ Underlying Picture
* Qiagen Rated Overweight at JPMorgan, Covid Tailwinds to Continue (+)
* Siemens, Rexel Rated Buy on Industry-Automation Push: Berenberg (+)