TheChek News Flow

>>> Up

* Air Liquide Raised to Buy at SocGen; PT 154 euros

* Arrow Global Raised to Buy at Peel Hunt; PT 262 pence

* Axa Raised to Neutral at Citi

* Bilia Raised to Buy at SEB Equities; PT 135 kronor

* Centrica Raised to Buy at Goldman; PT 67 pence

* DFDS Raised to Buy at ABG; PT 310 kroner

* Eurofins Scientific PT Raised to 88 euros at Berenberg

* Greencore Group Raised to Buy at Jefferies; PT 150 pence

* Intertek Raised to Buy at Berenberg; PT 6,450 pence

* Liberbank Raised to Buy at Jefferies; PT 36 euro cents

* Marzocchi Pompe Raised to Outperform at EnVent S.p.A.

* Microsoft PT Raised to $300 from $260 at Jefferies

* MTU Aero Raised to Neutral at Exane; PT 195 euros
* Naturgy Raised to Hold at Grupo Santander; PT 23.90 euros

* NN Raised to Buy at Citi

* Nordea Bank Raised to Overweight at Morgan Stanley; PT 88 kronor

* Norma PT Raised to 54 euros from 43 euros at Berenberg

* Thales Raised to Outperform at Exane; PT 97 euros

>>> Down
* Aena Cut to Sell at Banco Sabadell; PT 136.50 euros

* Air France-KLM Cut to Sell at Berenberg; PT 3 euros

* Arjo Cut to Hold at SEB Equities; PT 64 kronor

* Autoliv GDRs Cut to Hold at SEB Equities; PT 830 kronor

* Babcock Cut to Underweight at Barclays; PT 145 pence

* Kaubamaja Cut to Hold at SEB Equities; PT 9.20 euros

* Legal & General Cut to Neutral at Citi

* SGS Cut to Hold at Berenberg

* Tele Columbus Cut to Equal-Weight at Barclays; PT 3.25 euros

* TUI Cut to Reduce at Commerzbank; PT 265.54 pence

* Zurich Ins. Cut to Neutral at Citi

>>> Initiation

* Banco BPM Rated New Overweight at Barclays; PT 2.20 euros

* BPER Banca Rated New Overweight at Barclays; PT 1.90 euros

* Credito Emiliano Rated New Equal-Weight at Barclays

* Intesa Sanpaolo Rated New Overweight at Barclays; PT 2.40 euros

* J. Martins Rated New Hold at SocGen; PT 15 euros

* Marlowe Rated New Buy at Peel Hunt; PT 753 pence
* Mediobanca Rated New Overweight at Barclays; PT 9.50 euros

* UniCredit Rated New Equal-Weight at Barclays; PT 8.60 euros

* Vivendi Resumed Buy at SocGen; PT 31 euros

>>> Call

* Citi Upgrades Axa, NN Group; Positive on Reinsurers, Dutch Life

* Greencore in Good Position to Capitalize on Recovery: Jefferies

* Nordea Raised at Morgan Stanley After Underperforming Peers

* Siemens Healthineers 1Q Strong Across Portfolio: Morgan Stanley
* Testing Stocks to Benefit From Megatrends, Berenberg Says