TheChek News Flow

>>> Up

* Ageas Raised to Overweight at JPMorgan; PT 65 euros

* ASR Nederland Raised to Overweight at JPMorgan; PT 58 euros

* Epiroc Raised to Overweight at Barclays; PT 205 kronor

* Fresenius Medical Care Raised to Buy at HSBC; PT 48 euros

* Hugo Boss Raised to Buy at Baader Helvea; PT 45 euros

* IAG PT Raised to 500 pence from 340 pence at JPMorgan

* Merck & Co Raised to Buy at HSBC; PT $130

* Nel Raised to Hold at Nordea; PT 1.40 kroner

* Schindler Raised to Overweight at Barclays; PT 258 Swiss francs

* Spirax Raised to Overweight at Barclays; PT 8,350 pence

>>> Down

* Andritz Cut to Underweight at Barclays; PT 40 euros

* Ariston Cut to Equal-Weight at Barclays; PT 3.81 euros

* Bunzl Cut to Hold at HSBC; PT 3,625 pence

* Carlsberg Cut to Neutral at BNPP Exane; PT 795 kroner

* Carlsberg Cut to Sell at Nordea; PT 620 kroner

* Hapag-Lloyd PT Cut to 80 euros from 85 euros at JPMorgan

* Helvetia Cut to Neutral at JPMorgan; PT 170 Swiss francs

* Maersk PT Cut to 8,450 kroner from 9,000 kroner at JPMorgan

* NN Group Cut to Neutral at JPMorgan; PT 50 euros

* Novartis Cut to Reduce at HSBC; PT 82 Swiss francs
* Ringkjoebing Landbobank Cut to Sell at ABG; PT 1,000 kroner

* Signify Cut to Underweight at Barclays; PT 18 euros

* St James's Place Cut to Reduce at HSBC; PT 790 pence

* Swiss Life Cut to Reduce at HSBC; PT 640 Swiss francs

* Swiss Life Cut to Underweight at JPMorgan; PT 670 Swiss francs

* YPF ADRs Cut to Neutral at UBS

>>> Initiation

* Abivax ADRs Rated New Market Outperform at JMP; PT $33

* Accelleron Rated New Hold at Jefferies; PT 49 Swiss francs

* Bossard Rated New Hold at Jefferies; PT 203 Swiss francs

* Burckhardt Rated New Buy at Jefferies; PT 804 Swiss francs

* Georg Fischer Rated New Buy at Jefferies; PT 82 Swiss francs

* Planisware Rated New Outperform at Oddo BHF; PT 30 euros

* Puig Rated New Buy at Bestinver; PT 23 euros

* SFS Rated New Buy at Jefferies; PT 154 Swiss francs

* Spar Nord Cut to Hold at ABG; PT 140 kroner

* Sulzer Rated New Buy at Jefferies; PT 156 Swiss francs
* Thule Rated New Buy at DNB Markets; PT 445 kronor

>>> Call

* Georg Fischer, Sulzer Top Swiss Industrial Picks at Jefferies

* JPMorgan Sees Further Positive Signs for Europe Insurers in 2025
* Maersk Cut, IAG Among Morgan Stanley’s Favored Transport Names

* Victrex Upgraded at Jefferies on Attractive Recovery Opportunity