>>> Up
* Air France-KLM Raised to Overweight at JPMorgan; PT 12 euros
* DoorDash Raised to Overweight at KeyBanc; PT $177
* OKEA Raised to Buy at ABG; PT 27 kroner
* Orion Raised to Buy at Jefferies; PT 63 euros
* Petrobras ADRs Raised to Overweight at JPMorgan; PT $19
* Petrobras ADRs Raised to Overweight at JPMorgan; PT $19
* Tenaris ADRs Raised to Neutral at Grupo Santander; PT $35
>>> Down
>>> Down
* Addlife Cut to Market Perform at Handelsbanken; PT 195 kronor (+)
* Aubay Cut to Add at IDMidcaps; PT 45 euros (+)
* AXA Cut to Neutral at CIC; PT 40 euros (+)
* Bekaert Cut to Reduce at AlphaValue/Baader
* Ecopetrol ADRs Cut to Underweight at JPMorgan; PT $8.50
* Enento Group Cut to Hold at SEB Equities; PT 21 euros
* Enento Group Cut to Hold at SEB Equities; PT 21 euros
* Fortrea Cut to Hold at Jefferies; PT $21
* Hexpol Cut to Hold at Nordea; PT 132 kronor
* Highlight Comms Cut to Sell at DZ Bank; PT 1 euro
* Iberdrola downgraded to Neutral from Outperform at Oddo BHF
* Melexis Cut to Hold at Kepler Cheuvreux
* Pexip Cut to Hold at Carnegie (+)
>>> Initiation
>>> Initiation
* Akzo Nobel Rated New Buy at Redburn; PT 80 euros
* Baloise Reinstated Underweight at JPMorgan; PT 155 Swiss francs
* Genovis Rated New Buy at SEB Equities; PT 30 kronor
* Helvetia Rated New Overweight at JPMorgan; PT 170 Swiss francs
* Hexagon Rated New Buy at Stifel; PT 130 kronor
* Hexagon Rated New Buy at Stifel; PT 130 kronor
* KPN Rated New Buy at KBC Securities; PT 4.20 euros (+)
* Novonesis Reinstated Buy at Jyske Bank; PT 575 kroner (+)
* OVH Rated New Buy at Kepler Cheuvreux; PT 9 euros
* Swiss Life Reinstated Neutral at JPMorgan; PT 720 Swiss francs
>>> Call
>>> Call
* *CITI STRATEGISTS RAISE EUROPE BASIC RESOURCES STOCKS TO NEUTRAL (+)
* Air France-KLM Double-Upgraded as JPMorgan Warms to Airlines (+)
* China’s Stimulus May Cause ‘Pain Trade’ for Cyclicals: Barclays (+)
* Iberdrola Upside Now More Limited, Cut to Neutral at Oddo BHF
* Iberdrola Upside Now More Limited, Cut to Neutral at Oddo BHF
* Orion Raised at Jefferies on Stronger Nubeqa Peak Sales Outlook