TheChek News Flow

>>> Up

* Corbion Raised to Buy at Berenberg; PT 25 euros

* Demant Raised to Overweight at JPMorgan; PT 340 kroner

* HSBC PT Raised to 1,000 pence from 930 pence at Jefferies

* IAG Raised to Buy at AlphaValue/Baader

* ITV Raised to Add at Numis; PT 80 pence
* Tecan Raised to Buy at Baader Helvea; PT 417 Swiss francs

>>> Down

* Adyen Cut to Equal-Weight at Morgan Stanley; PT 1,025 euros

* Adyen Cut to Add at AlphaValue/Baader

* Adyen Cut to Hold at Jefferies

* Adyen PT Cut to 750 euros from 1,050 euros at Citi

* Estee Lauder PT Cut to $150 from $190 at Jefferies

* Exel Composites Cut to Reduce at Inderes; PT 3.50 euros (+)

* Polytec Holding Cut to Hold at Erste Group; PT 4.70 euros

* Proximar Seafood Cut to Hold at Pareto Securities (+)

* Spirax PT Cut to 8,805 pence from 9,145 pence at Jefferies

* Starbreeze Cut to Reduce at Inderes; PT 1.15 kronor
* SUSE Cut to Hold at Deutsche Bank; PT 16 euros

* Tulikivi Cut to Reduce at Inderes; PT 55 euro cents

* Virbac Cut to Hold at Stifel; PT 293 euros

>>> Initiation

* Alphabet Rated New Overweight at Guotai Junan Sec; PT $150.92

* Arcadis New Buy at Jefferies on Scope For Profitability Uplift

* Bergs Timber Rated New Buy at Pareto Securities; PT 46 kronor (+)
* DNB Markets Maintains Buy for Olav Thon Eiendomsselskap

* Fresenius Medical Rated New Hold at Intesa Sanpaolo (+)

* Kering Rated New Outperform at Cowen; PT 670 euros

>>> Call

* Adyen Cut at Morgan Stanley, While Citi Sets Street-Low Target

* Corbion Upgraded at Berenberg on Multi-Year Discount to Peers

* Goldman’s Kostin Sees Room for Investors to Boost Stock Exposure (+)
* Kering’s Rated New Outperform at Cowen on Brand Optimization