>>> Up
* Faes Farma Raised to Market Perform at BBVA; PT 3.89 euros
* Freenet Raised to Buy at Berenberg; PT 18 euros
* Hastings Raised to Hold at Panmure Gordon; PT 195 pence
* Hikma PT Raised to 2,860 pence from 2,380 pence at Peel Hunt
* Meyer Burger Raised to Buy at Research Partners (+)
* Next Raised to Hold at SocGen; PT 6,084 pence
* Suez SA Raised to Overweight at JPMorgan; PT 12 euros
* TF1 Raised to Buy at SocGen; PT 6.60 euros
* Zehnder Raised to Buy at Octavian; PT 50 Swiss francs (+)
>>> Down
* Bureau Veritas Cut to Neutral at Exane; PT 19 euros
* CGG Cut to Hold at Portzamparc (+)
* EDP Renovaveis Cut to Hold at Grupo Santander; PT 14 euros (+)
* Elementis Cut to Hold at Stifel; PT 65 pence (+)
* Masmovil Cut to Hold at Grupo Santander; PT 22.50 euros (+)
* Rio Tinto Cut to Hold at Investec; PT 4,830 pence (+)
* Schneider Electric Cut to Equal-Weight at Morgan Stanley
* Takkt Cut to Hold at LBBW; PT 10.50 euros
* Tullow Cut to Hold at Berenberg; PT 40 pence
* Uniqa Cut to Hold at Erste Group; PT 6.25 euros (+)
>>> Initiation
* BPER Banca Rated New Buy at Grupo Santander; PT 4 euros (+)
* DIA Rated New Neutral at JB Capital Markets; PT 15 euro cents
>>> Call
* AB InBev’s 2Q Volume Decline Look Like ‘A Triumph,’ RBC Says (+)
* Airbus Balancing Positions It Well for 2022-23: Jefferies (+)
* ArcelorMittal Showed Strong 2Q Ebitda Beat, Goldman Sachs Says (+)
* Air Liquide 2Q Results ‘Resilient, Impressive,’ Redburn Says
* BBVA’s Strong Capital Rebound Should Be Reassuring: Jefferies (+)
* Clariant 2Q ‘Better than Feared,’ Catalysts Unit Beat: Baader (+)
* Credit Suisse’s Good Results Should Support Shares: Goldman (+)
* Danone’s 2Q ‘Okay,’ But Waters Decline ‘Seems Drastic,’ RBC Says (+)
* Deutsche Boerse Result In-Line, Little Change to Consensus: Citi
* Freenet Shares ‘Too Cheap,’ Berenberg Sees Earnings Momentum
* Nestle Sales Momentum Continues in 2Q, Outlook In Line: Vontobel (+)
* Orange Results a ‘Small Miss,’ But Revenue ‘Resilient’: Goldman (+)
* Renault 1H Earnings In Line, Cash Burn Better Than Feared: GS (+)
* Schneider Electric Stands Out, But Little Upside: Morgan Stanley
* Telefonica Results Broadly In Line, Spain Better: Berenberg (+)
* Wacker Chemie 2Q Beats But Margin Decline a Concern: Berenberg (+)