TheChek News Flow

>>> Up
* AB Foods Raised to Buy at Deutsche Bank; PT 2,180 pence

* AMD Raised to Overweight at Barclays

* Carmila Raised to Outperform at Exane; PT 15.20 euros (+)

* Close Brothers Raised to Hold at Investec; PT 955 pence (+)

* Galapagos Raised to Hold at Jefferies

* ICADE Raised to Outperform at Exane (+)

* Microsoft PT Raised to $280 from $270 at Jefferies

* Qualcomm Raised to Overweight at Barclays

* Remy Cointreau Raised to Buy at Citi; PT 200 euros

* Ribbon Raised to Buy at WestPark Capital; PT $6 (+)

* Seagate Raised to Overweight at Barclays

* Unibail Raised to Outperform at Exane (+)

>>> Down

* Amplifon Cut to Neutral at Banca Akros (ESN); PT 27 euros (+)

* Applied Materials Cut to Underweight at Barclays; PT $90 (+)

* Aroundtown Cut to Underperform at Exane (+)

* Berkeley Cut to Hold at Jefferies; PT 4,651 pence

* Billerud Cut to Hold at SEB Equities; PT 142 kronor

* Cellnex Cut to Sector Perform at RBC; PT 40 euros

* Check Point Software Cut to Hold at Deutsche Bank; PT $150

* DeA Capital Cut to Neutral at Banca Akros (ESN) (+)

* Diana Shipping Cut to Hold at Arctic Securities; PT $4

* Eagle Bulk Cut to Hold at Arctic Securities; PT $55

* Essity Cut to Hold at Jyske Bank; PT 290 kronor (+)

* G5 Entertainment Cut to Hold at Handelsbanken

* Golden Ocean Cut to Hold at Arctic Securities; PT 98.37 kroner

* KLA Corp Cut to Underweight at Barclays; PT $325 (+)
* Marks & Spencer Cut to Hold at Numis; PT 160 pence

* Mintra Holding Cut to Hold at Pareto Securities; PT 6 kroner (+)

* Shurgard Cut to Underperform at Exane (+)

* SpareBank 1 Nord Norge Cut to Hold at Arctic Securities (+)

* Technogym Cut to Hold at Stifel; PT 8.50 euros

>>> Initiation

* GVS Rated New Buy at Berenberg; PT 7.50 euros

* Hostelworld Rated New Buy at Goodbody; PT 226 pence (+)
* Intercontinental Exchange Rated New Hold at Baptista Research

* Lundbeck Rated New Neutral at Citi; PT 30 kroner

* Odfjell Technology Rated New Buy at Arctic Securities (+)

* Pendragon Resumed Buy at Jefferies; PT 25 pence

* Sartorius Rated New Neutral at Credit Suisse; PT 450 euros (+)

* UPS Reinstated Hold at Baptista Research; PT $190

>>> Call

* Berenberg Raises Boliden, Says Commodities in Good Health (+)

* Cellnex Cut at RBC After Rally on ‘Unwarranted M&A Enthusiasm’

* European Real Estate at Peak Pain, Exane Reshuffles Ratings (+)

* GVS Offers Appealing Valuation, Berenberg Initiates at Buy

* K+S Dividend Cut Likely in 2023 on Free Cash Flow Fall: Warburg

* Lundbeck’s Outlook a Concern, Citi Starts Coverage with Neutral (+)

* MS Sees More Balanced Energy Outlook; Raises Aramco, Cuts Shell

* Morgan Stanley’s Wilson Says US Stocks Not Pricing Weak Data

* Novartis PT Boosted at Intron on Sandoz Biosimilar Potential (+)

* Orsted’s Recent Declines Offer ‘Attractive Entry Point,’ MS Says (+)

* Remy Cointreau Raised at Citi With ‘Sizeable’ Re-Rating Expected

* Sandvik Reiterated Buy at Citi as Valuation Remains Appealing (+)

* Symrise ‘Material’ Margin Miss Bigger Than Expected: Street Wrap (+)

* French Defense Budget a ‘Significant Positive’ for Thales: Citi

* UK Housebuilders No Longer Oversold, Berkeley Cut: Jefferies