TheChek News Flow

>>> Up

* Ashmore Raised to Buy at Jefferies; PT 220 pence

* B&M European Raised to Buy at Citi; PT 640 pence

* BBVA Raised to Overweight at JPMorgan; PT 10.40 euros

* Boeing Raised to Outperform at RBC; PT $275

* DWS Raised to Overweight at Morgan Stanley; PT 38.10 euros

* Euronext Raised to Overweight at Morgan Stanley; PT 91.70 euros

* Infineon Raised to Buy at Jefferies; PT 46 euros

* Merlin Properties Raised to Buy at Goldman; PT 10.20 euros
* Smith & Nephew Raised to Equal-Weight at Barclays

>>> Down
* ABN Amro GDRs Cut to Hold at Deutsche Bank; PT 15 euros

* Balder Cut to Hold at Pareto Securities; PT 64 kronor (+)

* Bigben Interactive Cut to Neutral at Oddo BHF; PT 4 euros (+)

* Dios Cut to Hold at Pareto Securities; PT 75 kronor (+)

* Fabege Cut to Hold at Pareto Securities; PT 100 kronor (+)

* Hensoldt PT Cut to 24 euros from 25 euros at Morgan Stanley

* JLEN LN Raised to Buy at Stifel (+)

* Julius Baer Cut to Underweight at Morgan Stanley

* Man Group Cut to Equal-Weight at Morgan Stanley; PT 266 pence

* Merck KGaA Cut to Hold at DZ Bank; PT 176 euros (+)

* Morgan Stanley Cut to Hold at SocGen; PT $80

* Nel Cut to Sell at Fearnley; PT 5.80 kroner (+)

* Nordnet Cut to Underweight at Morgan Stanley; PT 154 kronor

* Pearson Cut to Neutral at BNPP Exane; PT 1,000 pence (+)

* Sonova Cut to Neutral at Redburn; PT 260 Swiss francs

* Team17 Cut to Hold at Stifel; PT 225 pence (+)

>>> Initiation

* Benchmark Holdings Rated New Buy at Arctic Securities

* Estee Lauder Rated New Buy at HSBC; PT $180
* Frasers Group Rated New Overweight at Barclays; PT 1,060 pence

* Glencore Reinstated Outperform at RBC; PT 490 pence

* Solaria Energia Reinstated Buy at William O'Neil

>>> Call

* Ashmore Raised at Jefferies as Play on Emerging Markets Recovery (+)

* DWS, EQT, Euronext Raised at Morgan Stanley, Nordnet Downgraded
* Frasers Group New Overweight at Barclays on European Upside

* Julius Baer Price Target Cut at Vontobel on Signa Exposure (+)

* Novartis’s Upgraded Mid-Term Sales Guidance Welcome: Vontobel (+)

* Smith & Nephew Upgraded, ConvaTec Among Medtech Picks: Barclays (+)