>>> Up
* Ambu Raised to Buy at SEB Equities; PT 220 kroner
* Aveva Raised to Hold at HSBC; PT 4,190 pence
* Leoni Raised to Hold at Hauck & Aufhaeuser; PT 6 euros (+)
* Picanol Raised to Accumulate at KBC Securities (+)
* Schindler Raised to Equal-Weight at Morgan Stanley
* Shell Raised to Outperform at Exane; PT 1,590 pence
>>> Down
* Antofagasta Cut to Hold at Investec; PT 1,118 pence (+)
* Aroundtown Cut to Underweight at Barclays; PT 4.60 euros
* B&S Group Cut to Underweight at Morgan Stanley; PT 6.60 euros
* Deutsche Post Cut to Add at Baader Helvea; PT 40 euros
* Encavis Cut to Neutral at Oddo BHF; PT 15 euros (+)
* Flughafen Wien Cut to Hold at HSBC; PT 26 euros
* Homeserve Cut to Equal-Weight at Morgan Stanley; PT 1,370 pence
* Riverstone Cut to Hold at Jefferies
* Siegfried Cut to Add at Baader Helvea; PT 520 Swiss francs
* Tecan Cut to Hold at Berenberg; PT 415 Swiss francs
>>> Initiation
* Airtel Africa Rated New Buy at Afrinvest; PT 82.10 pence
* Phoenix Group Resumed Equal-Weight at Morgan Stanley
* Reabold Rated New Buy at Panmure Gordon; PT 1.80 pence
>>> Call
* Eiffage 1H Trading Subdued But Expect Recovery in 2H, Citi Says (+)
* Fevertree Estimates Lowered at Jefferies Ahead of 1H Results (+)
* Givaudan 2025 Plan Is ‘More Evolution than Revolution’: Vontobel (+)
* Homeserve, B&S Cut by Morgan Stanley, Rentokil Among Top Picks
* Schindler Upgraded as Valuation Fair, Kone Still Underweight: MS
* Tecan’s ‘Toppy’ Valuation Sees Berenberg End 10-Year Buy Call
* Telecom Italia Merger With Open Fibre Is Still Possible: BofA (+)
* Volvo Still Top Pick Among Heavy Trucks: Handelsbanken (+)
* WPP Results Beat ‘Strong,’ Outlook Reassures, Goldman Says (+)