>>> Up
* Acciona Raised to Add at AlphaValue/Baader
* Avance Gas Raised to Buy at Pareto Securities; PT 61 kroner
* Avio Raised to Buy at Banca Akros (+)
* Borregaard Raised to Buy at SEB Equities; PT 215 kroner
* Borregaard Raised to Buy at Pareto Securities; PT 235 kroner (+)
* DNB Bank Raised to Buy at Pareto Securities; PT 230 kroner (+)
* FD Technologies Raised to Buy at Peel Hunt (+)
* Fraport Raised to Buy at Goldman; PT 64 euros
* Hochschild Mining Raised to Buy at Berenberg; PT 160 pence
* IntegraFin Raised to Buy at Panmure Gordon; PT 525 pence (+)
* IWG Raised to Buy at Peel Hunt; PT 353 pence
* Randstad Raised to Buy at HSBC; PT 70 euros
* Repsol Raised to Buy at Jefferies; PT 15 euros
>>> Down
* ADP Cut to Sell at Goldman; PT 110 euros
* Cargotec Cut to Neutral at Credit Suisse; PT 35 euros (+)
* Fraport Cut to Hold at Deutsche Bank; PT 49 euros
* Freeport Cut to Neutral at Exane; PT $50
* Holmen Cut to Hold at Handelsbanken
* Klepierre Cut to Underweight at JPMorgan; PT 21 euros
* Nordic Semiconductor Cut to Hold at Kepler Cheuvreux (+)
* Olvi Cut to Hold at Nordea
* Orange Belgium Cut to Hold at HSBC; PT 21 euros
* Polymetal Cut to Hold at Berenberg; PT 300 pence
* Stroeer Cut to Hold at HSBC; PT 70 euros
* Tele2 Cut to Hold at Handelsbanken
* TotalEnergies Cut to Hold at Jefferies; PT 50 euros
* UPS Cut to Peerperform at Wolfe
* Vopak Cut to Underperform at Oddo BHF; PT 28 euros (+)
>>> Initiation
* America Movil ADRs Reinstated Buy at HSBC; PT $26
* Clinica Baviera Rated New Buy at JB Capital Markets; PT 29 euros (+)
* Credito Emiliano Rated New Underperform at Jefferies
* Fidelity National Rated New Overweight at Stephens; PT $125
* Fiserv Rated New Equal-Weight at Stephens; PT $110
* Global Payments Rated New Overweight at Stephens; PT $170
* PayPal Rated New Equal-Weight at Stephens; PT $135
* Pearson Resumed Buy at Citi; PT 1000 pence
* Pop. Sondrio Rated New Hold at Jefferies; PT 3.80 euros
* Technogym Rated New Neutral at Credit Suisse; PT 7.20 euros (+)
* Tim Brasil ADRs Rated New Buy at HSBC; PT $19
>>> Call
* Basic-Fit Rated New Outperform at Credit Suisse on Outlook (+)
* Cargotec Cut as Credit Suisse Reviews European Crane Sector (+)
* Deutsche Bank Strategists See U.S. Earnings Holding Firm in 1Q (+)
* European Margin Outlook Is Too Bullish: Bernstein Strategists (+)
* IWG Has Multiple Ways to Create Value, Peel Hunt Raises to Buy
* Klepierre Downgraded at JPMorgan on Inflation, Debt Headwinds
* Pearson a Buy at Citi With Street-High PT on Conviction in Value
* Repsol Raised, TotalEnergies Cut at Jefferies Ahead of 1Q
* Technogym Sales Seen Moderating; Rated New Neutral at CS (+)