>>> Up
* Belimo Raised to Buy at Berenberg; PT 645 Swiss francs
* Colgate-Palmolive Raised to Buy at Deutsche Bank; PT $86
* Elkem Raised to Buy at SpareBank; PT 44 kroner
* Equinor Raised to Reduce at AlphaValue/Baader
* Kion Raised to Buy at Hauck & Aufhaeuser; PT 101 euros (+)
* Rockwool Raised to Hold at SocGen; PT 3,450 kroner
* Sika Raised to Buy at SocGen; PT 410 Swiss francs
* Tryg Raised to Neutral at Credit Suisse; PT 145 kroner (+)
* Visteon Raised to Buy at Jefferies; PT $116
>>> Down
* Anglo American Cut to Equal-Weight at Barclays; PT 2,700 pence
* ASMI Cut to Equal-Weight at Barclays; PT 370 euros
* Autoliv Cut to Hold at Handelsbanken; PT $90
* BHP Group PLC Cut to Hold at Berenberg; PT 2,300 pence
* BorgWarner Cut to Hold at Jefferies; PT $47
* Generali Cut to Market Perform at KBW; PT 18.50 euros
* HeidelbergCement Cut to Underweight at JPMorgan; PT 70 euros
* Holcim Cut to Neutral at JPMorgan; PT 57 Swiss francs
* Lear Cut to Hold at Jefferies; PT $171
* Maersk Cut to Hold at Berenberg; PT 22,000 kroner
* Naked Wines Cut to Sell at Liberum; PT 750 pence
* Novartis Cut to Sell at Deutsche Bank; PT 70 Swiss francs
* Stabilus Cut to Hold at Hauck & Aufhaeuser; PT 63 euros (+)
* Veoneer Cut to Hold at Handelsbanken; PT $37
>>> Initiation
* Cellnex Rated New Outperform at RBC; PT 65 euros
* Vitesco Technologies Group Rated New Neutral at JPMorgan (+)
* Water Intelligence Rated New Outperform at RBC; PT 1,500 pence
>>> Call
* Anglo American Cut at Barclays With ‘Turbulence’ Seen Ahead (+)
* Belimo Gets Only Buy as Berenberg Upgrades ‘Structural Winner’
* BHP Cut to Hold With Limited Catalysts Seen Ahead: Berenberg
* Cellnex Started at Outperform by RBC on Growth Opportunities
* Holcim, HeidelbergCement Cut at JPMorgan on Soaring Energy Costs
* Maersk Cut at Berenberg on Risk of Peaking Container Rates
* Naked Wines Cut to Sell, Discounting Limits Profit: Liberum
* Novartis Down to Sell on More Challenging Outlook: Deutsche Bank