TheChek News Flow

>>> Up

* ADP Raised to Buy at Berenberg; PT 110 euros

* Aker Solutions Raised to Buy at SpareBank; PT 20 kroner
* Compass Raised to Neutral at Exane; PT 1,295 pence

* Credito Emiliano Raised to Outperform at KBW; PT 5.90 euros

* Elior Group Raised to Buy at HSBC; PT 6.70 euros

* ERG Raised to Neutral at Citi; PT 26 euros

* Essity Raised to Buy at Berenberg; PT 313 kronor

* Polypipe PT Raised to 639 pence from 601 pence at Jefferies

* Remy Cointreau Raised to Buy at Deutsche Bank; PT 185 euros

* Watches of Switzerland PT Raised to 800 pence at Jefferies

>>> Down

* Accor Cut to Hold at HSBC; PT 28 euros

* Ashmore Cut to Hold at Canaccord; PT 429 pence (+)

* Carnival Plc Cut to Reduce at HSBC; PT 960 pence

* DNO Cut to Neutral at SpareBank; PT 9 kroner

* Equinor Cut to Sell at SpareBank; PT 160 kroner

* Europcar Cut to Reduce at HSBC; PT 60 euro cents

* FDJ Cut to Neutral at Exane; PT 40 euros

* Genel Cut to Neutral at SpareBank; PT 185 pence

* Hapag-Lloyd Cut to Reduce at Commerzbank; PT 95 euros

* Hochtief Cut to Hold at LBBW; PT 81 euros
* InterContinental Hotels Cut to Underperform at Exane

* Kingspan PT Cut to 58 euros from 65 euros at Barclays (+)

* Neoen Cut to Sell at Citi; PT 43.90 euros

* Puma Cut to Equal-Weight at Morgan Stanley; PT 81 euros

* Puma Cut to Reduce at Baader Helvea; PT 80 euros

* Siltronic Cut to Hold at Stifel; PT 150 euros
* Sparebanken Telemark Cut to Hold at Norne Securities

* Tenaris Cut to Neutral at Goldman; PT 7 euros

* Tenaris ADRs Cut to Neutral at Goldman; PT $14.50

* Trainline Cut to Neutral at JPMorgan; PT 382 pence

* TUI Cut to Reduce at HSBC

* Zurich Airport Cut to Hold at Berenberg; PT 146 Swiss francs

>>> Initiation

* BAT Rated New Buy at Renaissance Capital

* SEC Newgate Rated New Buy at Arden Partners; PT 89 pence (+)
* Valbiotis SAS Rated New Buy at Oddo BHF; PT 13.50 euros

>>> Call

* AB InBev Among Jefferies’ Top Beverage Picks as Road Still Bumpy (+)

* Airports Retain Upside as Reopening Trade, ADP to Buy: Berenberg

* Crest Nicholson FY20 Ahead, Good Progress on Turnaround: Peel (+)

* Essity May Give Opportunities for Positive Surprises: Berenberg

* Greencore’s Sales Update Shows Resilience: Goodbody (+)

* Indivior’s $50M Settlement With Reckitt ‘Welcome News’: Stifel (+)

* Nokia’s Solid Progress Offers Buy Opportunity: Handelsbanken

* Nokia Faces Volatility as Reddit Boards Notice Stock: Inderes (+)

* Novartis May See Small Drop on 4Q, Cautious Outlook: Jefferies (+)
* Puma Downgraded at Baader, Morgan Stanley Ahead of Results

* Remy Raised at Deutsche Bank on Expected ‘Material’ Upgrades (+)

* Rolls-Royce Cash Guidance Makes 2023 Performance Key: Jefferies (+)

* Stadler Rail Order Cancellation Concerns May Be Overdone: Citi (+)

* Trainline Consensus Cuts Likely ‘Unavoidable,’ JPM Downgrades (+)

* UDG May Rise After Better-Than Expected 1Q, Guidance: Peel Hunt (+)