>>> Up
* Allfunds Raised to Buy at Intesa Sanpaolo (+)
* HeidelbergCement Raised to Neutral at On Field; PT 57 euros
* Leonardo Raised to Add at AlphaValue/Baader (+)
* Nordea Bank Raised to Buy at SocGen; PT 112.79 kronor
* Rolls-Royce Raised to Hold at SocGen; PT 90 pence (+)
* Voestalpine Raised to Equal-Weight at Morgan Stanley
* Zoom Video Raised to Outperform at Daiwa; PT $121
>>> Down
* Canopy Growth Cut to Sell at Benchmark; PT C$5off
* Cellnex Cut to Neutral at Redburn (+)
* DCC Cut to Sector Perform at RBC; PT 5,800 pence
* Flutter Cut to Reduce at Numis; PT 8,100 pence (+)
* Intesa Sanpaolo Cut to Market Perform at KBW; PT 2.70 euros
* Traton Cut to Underperform at Exane; PT 15 euros
>>> Initiation
* ABN AMRO GDRs Reinstated Neutral at Goldman; PT 13.25 euros
* Celadon Pharmaceuticals Rated New Speculative Buy at Canaccord (+)
* Credit Agricole Reinstated Neutral at Goldman; PT 13.60 euros
* ING Reinstated Buy at Goldman; PT 16.25 euros
* Intesa Sanpaolo Reinstated Buy at Goldman; PT 3.25 euros
* K3 Capital Group Rated New Buy at Numis; PT 405 pence (+)
* KBC Group Reinstated Neutral at Goldman; PT 77 euros
* RWS Holdings Resumed Buy at Berenberg; PT 650 pence
* SocGen Reinstated Neutral at Goldman; PT 35 euros
* UniCredit Reinstated Buy at Goldman; PT 18.50 euros
>>> Call
* Celadon Pharmaceuticals Rated New Speculative Buy at Canaccord
* DCC Downgraded at RBC on Exposure to Squeezed Consumer
* ING Rated Buy at Goldman Sachs on Rates; ABN, KBC Neutral (+)
* Johnson Matthey Gets PT Raise at Deutsche Bank on Cultural Shift (+)
* Steel Stocks Offer Good Risk-Reward, MS Upgrades Voestalpine