>>> Up
* 4imprint Raised to Buy at Berenberg; PT 4,800 pence
* AB Foods Raised to Neutral at Goldman; PT 1,900 pence
* AB Foods Raised to Overweight at Morgan Stanley; PT 1,900 pence
* Ageas Raised to Outperform at KBW; PT 42.50 euros
* AJ Bell Raised to Buy at Jefferies; PT 450 pence
* Galp Raised to Overweight at JPMorgan
* Generali Raised to Outperform at KBW; PT 21 euros
* H&M Raised to Neutral at Goldman; PT 135 kronor
* Just Eat Takeaway Raised to Neutral at JPMorgan
* Piippo Raised to Reduce at Inderes; PT 3 euros
>>> Down
* Piippo Raised to Reduce at Inderes; PT 3 euros
>>> Down
* Acciona Cut to Underperform at RBC; PT 170 euros
* Acciona Energia Cut to Sector Perform at RBC; PT 41 euros
* Adevinta Cut to Neutral at JPMorgan; PT 77 kroner
* Axa Cut to Market Perform at KBW; PT 28 euros
* Blackstone Inc Cut to Equal-Weight at Barclays; PT $90
* EDP Renovaveis Cut to Underperform at RBC; PT 19 euros
* Kerry Group Cut to Neutral at Citi; PT 100 euros
* M&G Cut to Underperform at KBW; PT 190 pence
* Rio Tinto ADRs Cut to Neutral at Citi
* Rio Tinto ADRs Cut to Neutral at Citi
* Salesforce Inc Cut to Peerperform at Wolfe
* THG PLC Cut to Underweight at JPMorgan; PT 54 pence
* THG PLC Cut to Underweight at JPMorgan; PT 54 pence
* UnipolSai Cut to Underperform at KBW; PT 2.49 euros
* Unipol Cut to Underperform at KBW; PT 4.65 euros
>>> Initiation
* Ahold Delhaize Reinstated Overweight at Morgan Stanley
>>> Initiation
* Ahold Delhaize Reinstated Overweight at Morgan Stanley
* Air France-KLM Reinstated Neutral at JPMorgan; PT 1.30 euros
>>> Call
* Colruyt Reinstated Underweight at Morgan Stanley; PT 25.90 euros
* H&M Assumed Underweight at Morgan Stanley
* Inditex Assumed Equal-Weight at Morgan Stanley
* Howden Joinery Reinstated Overweight at Barclays; PT 715 pence
* Lufthansa Reinstated Overweight at JPMorgan; PT 9.80 euros
* Marks & Spencer Reinstated Equal-Weight at Morgan Stanley
* Metro Reinstated Equal-Weight at Morgan Stanley; PT 8.83 euros
* Next Reinstated Equal-Weight at Morgan Stanley; PT 5,575 pence
* Sainsbury Reinstated Underweight at Morgan Stanley; PT 220 pence
* Tesco Reinstated Equal-Weight at Morgan Stanley; PT 263 pence
* Travis Perkins Reinstated Equal-Weight at Barclays; PT 965 pence
>>> Call
* Ahold Top EU Grocer Pick at MS; Sainsbury, Colruyt Underweight
* Citi Downgrades Rio Tinto to Neutral; US Listing Pares Gain
* Citi Downgrades Rio Tinto to Neutral; US Listing Pares Gain
* Galp Double-Upgraded at JPM, Sees ‘Stellar’ 2023 for Oil Returns
* MS Sees ‘Perfect Storm’ for Retailers; Goldman Upgrades Two