>>> Up
* Admiral Raised to Buy at Citi; PT 2,026 pence
* Axa Raised to Overweight at JPMorgan; PT 29 euros
* Legal & General Raised to Buy at Berenberg; PT 345 pence
* Unilever Raised to Buy at Deutsche Bank
>>> Down
* Eutelsat Cut to Hold at Deutsche Bank; PT 10 euros
* Generali Cut to Neutral at JPMorgan; PT 17 euros
* Logitech Cut to Hold at Loop Capital; PT 52.94 Swiss francs
* M6 Cut to Equal-Weight at Barclays; PT 16.50 euros
* Metro Bank Cut to Hold at Investec; PT 90 pence
* Scatec Cut to Neutral at Exane; PT 118 kroner
>>> Initiation
* Made.com Rated New Neutral at Davy
* Marks Electrical Group Rated New Neutral at Davy
* Sosandar Rated New Outperform at Davy
* Virgin Wines UK Rated New Neutral at Davy
>>> Call
* Admiral Raised to Buy at Citi, Can ‘Navigate Choppy Waters’
* Holcim ‘Over Delivered’, 2Q Beat Driven By Strong Margins: MS
* Lagardere Results ‘Pretty Robust,’ Drive EPS Upgrades at Citi
* US Small Caps Closer to Pricing Recession Than Large Peers: Citi
* Valeo Posts ‘Strong’ 1H Results, With a Beat on FCF: Street Wrap