TheChek News Flow

>>> Up

* Freenet Raised to Neutral at Exane; PT 24 euros

* Glencore Raised to Buy at SBG Securities; PT 510 pence (+)

* Halma Raised to Hold at HSBC; PT 2,365 pence

* Howden Joinery Raised to Outperform at Davy (+)

* Kapsch TrafficCom Raised to Buy at Erste Group; PT 22 euros

* M&G Raised to Add at AlphaValue/Baader

* Pearson Raised to Equal-Weight at Barclays; PT 725 pence

* Sabadell Raised to Buy at Deutsche Bank; PT 95 euro cents

* Sancus Lending Group Ltd Raised to Buy at Liberum (+)
* Seplat Energy Raised to Buy at Meristem Securities

* Stillfront Raised to Buy at HSBC; PT 53 kronor

* Telefonica Deutschland Raised to Neutral at Exane; PT 2.40 euros

* Telia Raised to Neutral at Exane; PT 35 kronor

* Wacker Chemie Raised to Outperform at Oddo BHF; PT 190 euros (+)

>>> Down

* BASF Cut to Neutral at Oddo BHF; PT 68 euros (+)

* BBVA Cut to Hold at Deutsche Bank; PT 6 euros

* Cancom Cut to Sell at DZ Bank; PT 50 euros (+)

* Citi Says European Stocks’ Discount to U.S. Is Now Too Great (+)
* DFS Furniture Cut to Hold at Numis; PT 225 pence

* Fuchs Petrolub Cut to Neutral at Oddo BHF (+)

* HAL Cut to Neutral at Oddo BHF; PT 151 euros (+)

* KPN Cut to Neutral at Exane; PT 3.20 euros

* Telenor Cut to Underperform at Exane; PT 114 kroner

* Vodafone Cut to Underperform at Exane; PT 110 pence

>>> Initiation
* Alstria Office Reinstated Hold at HSBC; PT 14.60 euros

* Amplifon Rated New Neutral at JPMorgan; PT 34 euros

* BBVA Reinstated Neutral at Goldman; PT 7.30 euros

* Capgemini Rated New Outperform at Credit Suisse (+)

* Computacenter Rated New Outperform at Credit Suisse (+)

* Deutsche Bank Reinstated Buy at Goldman; PT 18.70 euros

* DIM FP Rated New Equal-Weight at Morgan Stanley; PT 445 euros

* Santander Reinstated Buy at Goldman; PT 5 euros

* SwedenCare Rated New Buy at SEB Equities; PT 136 kronor

* UBS Group Reinstated Buy at Goldman; PT 27.90 Swiss francs

>>> Call

* Admiral Upgraded at Peel Hunt With Valuation Now ‘More Sensible’

* Citi Opens Positive Catalyst Watch on Pernod Ricard Ahead of 3Q (+)

* Deutsche Bank’s Stock a Buy for Goldman’s New Banking Analyst (+)

* LVMH Offers Scale, Diversification Amid Volatility, Cowen Says (+)

* S4 May Remain Under Pressure With New Result Date Undecided: MS (+)
* Sinch Cut at Handelsbanken on Anticipation of Weak First Quarter

* Var Energi New Buy at Jefferies on Organic Production Outlook