>>> Up
* Michelin Raised to Buy at Goldman; PT 35 euros
* REC Silicon Raised to Neutral at SpareBank; PT 16 kroner
* Rightmove Raised to Hold at HSBC; PT 530 pence
* Shell Raised to Buy at Goldman
* Shell ADRs Raised to Buy at Goldman; PT $85
* Trainline Raised to Buy at Deutsche Bank; PT 287 pence
>>> Down
* AstraZeneca Cut to Hold at Intron Health
* BASF Cut to Sell at Bankhaus Metzler; PT 41 euros
* Cellnex Cut to Hold at Berenberg; PT 39 euros
* Deutsche Post Cut to Hold at HSBC; PT 43 euros
* DSV Cut to Reduce at HSBC; PT 1,100 kroner
* Femsa ADRs Cut to Neutral at Bradesco BBI; PT $100
* Galapagos ADRs PT Cut to $43 from $53 at RBC
* Galapagos ADRs PT Cut to $44 from $57 at Morgan Stanley
* Hargreaves Lansdown Cut TO SELL at CIiti, PT 730P
* HeidelbergCement Cut to Hold at Bankhaus Metzler; PT 70 euros
* Howden Joinery Cut to Add at Peel Hunt; PT 770 pence
* Kuehne + Nagel Cut to Reduce at HSBC; PT 210 Swiss francs
* Mediaset Espana Cut to Neutral at Oddo BHF; PT 4.20 euros
* NKT Cut to Neutral at Credit Suisse; PT 370 kroner
* Quilter Cut to Sell at Citi; PT 75 pence
>>> Initiation
* AJ Bell Rated New Buy at Citi; PT 400 pence
* Coca-Cola Rated New Outperform at Baptista Research; PT $70.30
* Dufry AG Rated New Overweight at Barclays; PT 50 Swiss francs
* flatexDEGIRO Rated New Neutral at Citi
* Hafnia Rated New Buy at Jefferies; PT 80 kroner
* Netcompany Rated New Underweight at Barclays; PT 205 kroner
>>> Call
* AJ Bell a Buy, Hargreaves, Quilter and Nordnet Cut at Citi
* AstraZeneca Cut at Intron on Competitive Risks to Key Franchises
* Cellnex Downgraded to Hold at Berenberg on Cost of Capital