>>> Up
* AB InBev Upgraded to Buy at SocGen; PT 96 Euros
* Bankia Upgraded to Hold at SocGen; PT 3.40 Euros
* HelloFresh Upgraded to Overweight at JPMorgan; PT 19 Euros
* Intesa Upgraded to Buy at SocGen; PT 3 Euros
* Metro AG Upgraded to Hold at HSBC; PT 11.50 Euros
* Metsa Board Upgraded to Hold at Kepler Cheuvreux; PT 8 Euros
* Proximus Upgraded to Equal-weight at Morgan Stanley; PT 25 Euros
* Rheinmetall Upgraded to Buy at Kepler Cheuvreux; PT 121 Euros
* Rolls-Royce Upgraded to Buy at SocGen; PT 12.50 Pounds
* Scor Upgraded to Buy at SocGen; PT 37.50 Euros
* Takeaway Upgraded to Overweight at JPMorgan; PT 71.50 Euros
>>> Down
* Elisa Downgraded to Underweight at Morgan Stanley; PT 34 Euros
* H&R Downgraded to Sell at DZ Bank; PT 9 Euros
* MorphoSys Cut to Neutral at Oddo BHF; Price Target 110 Euros
* Saipem Downgraded to Hold at HSBC; PT 4.60 Euros
* Valneva Downgraded to Reduce at Kepler Cheuvreux; PT 3.80 Euros
>>> Initiation
* Cellnex Rated New Neutral at Mediobanca SpA; PT 23.20 Euros
* Masmovil Rated New Buy at HSBC; PT 120 Euros
* SMRE Rated New Hold at Kepler Cheuvreux; PT 6.10 Euros
Call