TheChek News Flow

>>> Up

* BHP Raised to Hold at Liberum

* Brunello Cucinelli Raised to Neutral at BNPP Exane; PT 83 euros

* Caledonia Mining Raised to Buy at Liberum

* Constellation Brands PT Raised to $282 from $254 at Argus

* Microsoft PT Raised to $415 from $335 at Morgan Stanley

* Mondi Raised to Overweight at JPMorgan; PT 1,355 pence

* Simon Property Raised to Outperform at Wolfe; PT $127

* Smiths Raised to Sector Perform at RBC; PT 1,775 pence

* Smurfit Kappa Raised to Overweight at JPMorgan; PT 3,100 pence

* Tele2 Raised to Buy at DNB Markets; PT 107 kronor
* u-blox Raised to Buy at Baader Helvea; PT 139 Swiss francs

* United Utilities Raised to Overweight at Morgan Stanley

* UPM-Kymmene Raised to Equal-Weight at Morgan Stanley

* Vicat Raised to Hold at HSBC; PT 27 euros

>>> Down

* Alfen PT Cut to 50 euros from 58 euros at Jefferies

* American Express Cut to Neutral at Baird; PT $185

* Clariant PT Cut to 14 Swiss francs from 16 Swiss francs at Citi

* Eagle Materials Cut to Underweight at JPMorgan; PT $190

* Energy Srl Cut to Hold at Stifel; PT 3 euros (+)

* Euronext Cut to Hold at Deutsche Bank; PT 69 euros

* Geberit Cut to Reduce at HSBC; PT 419 Swiss francs

* Heidelberg Materials AG Cut to Hold at HSBC; PT 81 euros

* Kingspan Cut to Hold at HSBC; PT 64 euros

* Martin Marietta Cut to Neutral at JPMorgan; PT $470

* Nemetschek Cut to Underweight at Barclays; PT 60 euros
* Purmo Group Cut to Hold at SEB Equities; PT 7.90 euros

* Vulcan Materials Cut to Neutral at JPMorgan; PT $230

* Wentworth Cut to Hold at Panmure Gordon; PT 35 pence

>>> Initiation

* CTP Rated New Buy at Berenberg; PT 14.50 euros
* Fasadgruppen Group Rated New Buy at SEB Equities; PT 126 kronor

* Idorsia Resumed Sell at Citi; PT 5.50 Swiss francs

* WDP Rated New Hold at Berenberg; PT 28 euros

>>> Call

* Clariant PT Cut at Citi, Cites Volume Weakness Hitting Profit (+)

* Idorsia Rated Sell at Citi on Lack on Quviviq Revenue Inflection

* Japan May Intervene If Yen Weakens Past 150 to Dollar, Citi Says

* Nemetschek Downgraded at Barclays on Construction Weakness

* Smiths Valuation Back In Line, Raised to Sector Perform at RBC

* Smurfit Kappa and Mondi Raised at JPMorgan on Bottoming Prices

* UPM Raised as Morgan Stanley Sees Less Packaging Sector Downside