>>> Up
* AB InBev Raised to Overweight at JPMorgan; PT 70 euros
* ACTIVISION RAISED TO OVERWEIGHT VS EQUAL-WEIGHT: MORGAN STANLEY
* BNP Paribas Raised to Overweight at Barclays; PT 70 euros
* Bucher Raised to Outperform at RBC; PT 440 Swiss francs
* Devro Raised to Neutral at Exane; PT 319 pence
* FDM Group Raised to Buy at Numis; PT 1,000 pence
* Fortum Raised to Hold at Kepler Cheuvreux; PT 15 euros (+)
* Hugo Boss Raised to Add at Baader Helvea; PT 56 euros
* Jet2 Raised to Buy at HSBC; PT 1,125 pence
* Lanxess Raised to Buy at Goldman; PT 47 euros
* Nabaltec Raised to Buy at Baader Helvea; PT 30 euros
* Swedbank Raised to Buy at AlphaValue/Baader
* Toivo Group Raised to Reduce at Inderes; PT 1.50 euros (+)
>>> Down
* Abrdn plc Cut to Sell at Redburn
* Beyond Meat Cut to Underweight at Barclays; PT $10
* Brenntag Cut to Neutral at Oddo BHF; PT 91 euros (+)
* Carlsberg Cut to Underweight at JPMorgan; PT 800 kroner
* DraftKings Cut to Underweight at JPMorgan; PT $12
* Efecte Cut to Accumulate at Inderes; PT 10.20 euros (+)
* Forbo Cut to Market Perform at ZKB (+)
* Genmab Cut to Hold at Jyske Bank; PT 3,400 kroner (*)
* Heineken Cut to Neutral at JPMorgan; PT 100 euros
* Kingspan Cut to Neutral at Exane (+)
* Nexus Cut to Hold at Pareto Securities; PT 60 euros
* Rockwool Cut to Underperform at Exane
* Symrise Cut to Neutral at Goldman; PT 116 euros
* Travis Perkins Cut to Neutral at Exane (+)
* Tyson Cut to Underweight at Barclays; PT $58
* Vinci Cut to Neutral at Grupo Santander; PT 104 euros (+)
* Virgin Money UK Cut to Market Perform at KBW; PT 200 pence
* Watches of Switzerland Cut to Neutral at Goldman; PT 1,045 pence
>>> Initiation
* Airtel Africa Rated New Overweight at ABSA Securities
* BAE Systems Forecasts Upgraded on Strong Dollar, Cash Flow: Citi (+)
* Exane BNP Sees Correction, Opportunities in Building Materials (+)
* Lanxess Raised, Symrise Cut as Goldman Sees Deflationary Outlook
* Siegfried Resumed Hold at Stifel; PT 700 Swiss francs (+°
* Vestas Reached Turning Point, Citi Sees Improved Orders, Cash
* Virgin Money Cut at KBW With Shares No Longer Cheap Enough (+)