>>> Up
* A2A Raised to Neutral at Goldman; PT 1.20 euros (yest. Morn)
* Akzo Nobel Raised to Buy at SocGen; PT 65 euros
* Arkema Raised to Buy at Redburn (+)
* Aveva Raised to Buy at Stifel; PT 3,758 pence (+)
* BMW Raised to Neutral at Citi; PT 45 euros
* DSV Panalpina Raised to Buy at Jyske Bank; PT 650 kroner (+)
* Elementis Raised to Buy at HSBC; PT 85 pence
* Encavis Raised to Buy at Berenberg; PT 10 euros
* Enel Raised to Buy at LBBW; PT 7 euros (+)
* Entra Raised to Buy at SEB Equities; PT 146 kroner
* Falck Renewables Raised to Accumulate at Banca Akros (ESN) (+)
* FLSmidth Raised to Buy at Danske Bank Markets; PT 170 kroner (+)
* Fresenius SE Raised to Outperform at Bernstein; PT 37.50 euros (+)
* Fresenius SE ADRs Raised to Outperform at Bernstein; PT $10 (+)
* Hera Raised to Buy at Banca Akros (ESN) (+)
* H&M Raised to Buy at Citi; PT 130 kronor
* Heineken Raised to Buy at Berenberg; PT 90.80 euros
* Inficon Raised to Buy at Research Partners; PT 650 Swiss francs
* Johnson Matthey Raised to Neutral at JPMorgan; PT 2,300 pence
* Nornickel GDRs Raised to Overweight at JPMorgan; PT $25
* Oeneo Raised to Add at Gilbert Dupont; PT 12 euros (+)
* Pharmanutra Raised to Outperform at Mediobanca SpA (+)
* Philips Raised to Buy at DZ Bank; PT 37 euros (+)
* PSP Swiss Raised to Buy at Research Partners
* Remedy Entertainment Raised to Hold at SEB Equities
* REN Raised to Buy at Citi
* Sainsbury Raised to Hold at HSBC; PT 200 pence
* Snam Raised to Neutral at Citi; PT 3.60 euros
* SoftBank ADRs Raised to Buy at Jefferies; PT $19.92
* SSH Comms Raised to Reduce at Inderes; PT 70 euro cents (+)
* SSP Raised to Neutral at Goldman; PT 260 pence
* Stora Enso Oyj Raised to Buy at Jefferies; PT 10 euros
* Subsea 7 Raised to Buy at HSBC; PT 70 kroner
* Tele2 Raised to Hold at Danske Bank Markets; PT 133 kronor (+)
* Tesco Raised to Buy at HSBC; PT 250 pence
>>> Down
* Aeroports de Paris Cut to Reduce at Oddo BHF; PT 102 euros (+)
* Airbus Cut to Sell at SocGen; PT 38 euros (+)
* Airbus Cut to Hold at Commerzbank; PT 70 euros (+)
* AB InBev PT Cut to 55.20 euros from 94.60 euros at Berenberg
* Acciona Cut to Sell at Citi; PT 90 euros
* Airbus Cut to Hold at Berenberg; PT 65 euros
* Airbus PT Cut to 69 euros from 144 euros at Barclays (+)
* Apple PT Cut to $260 from $343 at Piper Sandler (+)
* Ashtead PT Cut to 1,400 pence from 2,400 pence at Deutsche Bank
* Bechtle PT Cut to 114 euros from 154 euros at Bankhaus Metzler (+)
* Carlo Gavazzi Cut to Hold at Research Partners
* Covestro Cut to Neutral at JPMorgan; PT 24 euros
* Enel Cut to Sell at Citi; PT 5 euros
* Ferratum Cut to Hold at Pareto Securities; PT 3 euros
* Fincantieri Cut to Neutral at Banca Akros (ESN) (+)
* HSBC Cut to Sell at SocGen; PT 450 pence
* Kone Oyj Cut to Sell at Danske Bank Markets; PT 42.50 euros (+)
* MTU Aero Cut to Sell at LBBW; PT 100 euros (+)
* Pearson Cut to Reduce at AlphaValue
* PGS ASA Cut to Hold at Arctic Securities; PT 4 kroner
* RPS Group PT Cut to 60 pence from 160 pence at Liberum (+)
* Saint-Gobain PT Cut to 27 euros from 42 euros at Oddo BHF (+)
* Securitas PT Cut to 80 kronor from 135 kronor at Deutsche Bank
* Umicore Cut to Underweight at JPMorgan; PT 32.70 euros
* Zalando Cut to Add at Baader Helvea; PT 36 euros
>>> Initiation
>>> Call
* Airbus Better Protected Than Boeing in Virus Downturn: Barclays
* Heineken, Carlsberg Raised at Berenberg as Defensive Picks
* Covid-19 Is Opportunity for German IT Service Firms: Berenberg
* European Airports Face $15 Billion Revenue Loss on Virus
* Fresenius Upgraded; Bernstein Says Stock a Bargain After Rout (+)
* H&M Measures Make it Relative Winner, Upgraded at Citi
* Hugo Boss CEO’s Resignation ‘Eventually’ Positive for Market: DB (+)
* Oil Majors in ‘Survival Mode,’ Berenberg Says, Cutting Targets (+)
* RBC Slashes Traffic, Earnings Estimates for Toll Road Operators (+)