TheChek News Flow

>>> Up

* Arkema Raised to Overweight at Morgan Stanley; PT 104 euros

* ID Logistics Group SACA Raised to Buy at TP ICAP Midcap (+)

* Klepierre Raised to Neutral at JPMorgan; PT 29 euros

* Lanxess Raised to Overweight at Morgan Stanley; PT 37 euros
* Nordstrom Raised to Equal-Weight at Barclays; PT $23

* Novartis Raised to Buy at Erste Group (++)

* RS Group Raised to Buy at Citi; PT 900 pence

* Sage Raised to Neutral at UBS (++)

* Wacker Chemie Raised to Overweight at Morgan Stanley

* Whitbread Raised to Neutral at Redburn; PT 2,750 pence (+)

>>> Down

* Air Liquide Cut to Underweight at Morgan Stanley; PT 149 euros

* Belimo Cut to Hold at Kepler Cheuvreux; PT 585 Swiss francs (++)

* Bertrandt Cut to Hold at Kepler Cheuvreux; PT 25 euros (++)

* Care Property Invest NV Cut to Accumulate at KBC Securities (+)

* Dolphin Drilling Cut to Hold at Fearnley; PT 4.40 kroner (+)

* MOL Cut to Reduce at Erste Group; PT 2,600 forint (+)

* Nokia Cut to Hold at Handelsbanken (++)

* Nordic Semiconductor Cut to Underweight at Morgan Stanley
* Novartis Cut to Neutral at Goldman; PT 103 Swiss francs

* Novartis ADRs Cut to Neutral at Goldman; PT $121

* OMV Cut to Hold at Erste Group; PT 39.70 euros (+)

* Pfizer Cut to Hold at Erste Group (++)

* SSP Cut to Equal-Weight at Morgan Stanley

* Syensqo Cut to Underweight at Morgan Stanley; PT 66 euros

* Telia Cut to Hold at Carnegie; PT 32 kronor (++)

>>> Initiation

* Barclays Rated New Buy at Kepler Cheuvreux; PT 320 pence (++)

* Elkem Rated New Equal-Weight at Morgan Stanley

* Galderma Rated New Buy at Berenberg; PT 104.40 Swiss francs

* Galderma ADRs Rated New Buy at Berenberg; PT $24.20 (+)

* LISI Reinstated Neutral at BNPP Exane; PT 30 euros (+)

* Lloyds Rated New Hold at Kepler Cheuvreux; PT 60 pence (++)

* NatWest Rated New Buy at Kepler Cheuvreux; PT 390 pence (++)

* Netflix Rated New Hold at China Renaissance; PT $680

* On Holding Rated New Hold at HSBC; PT $52

* Origin Rated New Buy at Berenberg; PT 4.30 euros

* Planisware Rated New Neutral at Bryan Garnier; PT 28 euros (+)

* Safilo Rated New Neutral at Banca Akros (ESN); PT 1.20 euros (+)

>>> Call

* Akzo Nobel Top Pick as Morgan Stanley Shifts Chemicals Ratings

* Deutsche Bank Strategists See Further Sector Rotation Ahead (++)

* Galderma Offers ‘Blockbuster Potential,’ New Buy at Berenberg
* Goldman’s Rubner Sees Market Correction If Payrolls Come In Weak

* JPMorgan Abandons Bullish China Call as US Election Stirs Angst

* RS Group Rises as Citi Upgrades Rating to Buy Ahead of CMD (++)

* SSP Cut, Edenred Raised and Now Among Morgan Stanley’s Top Picks

* Whitbread Hits Two-Month High After Losing Only Sell Rating (++)