>>> Up
* ASML PT Raised to 845 euros from 670 euros at Berenberg
* Erste Raised to Buy at Deutsche Bank; PT 42 euros
* HolidayCheck Raised to Buy at M.M. Warburg; PT 2.60 euros (+)
* Pirelli Raised to Buy at HSBC; PT 6.30 euros
* Tinc Comm Va Raised to Accumulate at KBC Securities (+)
>>> Down
* Catena Cut to Hold at Handelsbanken; PT 560 kronor
* Hellenic Telecom Cut to Neutral at Goldman; PT 18.60 euros
* Hipgnosis Songs Cut to Negative at Stifel (+)
* Interparfums Cut to Neutral at Oddo BHF (+)
* NOS Cut to Neutral at Goldman; PT 3.90 euros
* Platzer Cut to Sell at Handelsbanken; PT 150 kronor
* Siemens Energy Cut to Neutral at JPMorgan; PT 29 euros
* Siemens Gamesa Cut to Neutral at JPMorgan; PT 26 euros
* Schindler Cut to Hold at HSBC; PT 310 Swiss francs
* Stendorren Fastigheter Cut to Hold at Handelsbanken
* Vantage Towers Cut to Hold at Berenberg; PT 33 euros
>>> Initiation
* Almirall Rated New Overweight at Morgan Stanley; PT 18 euros
* BT Reinstated Market Perform at Bernstein; PT 170 pence
* Cellnex Rated New Outperform at Bernstein; PT 68 euros
* Deutsche Telekom Reinstated Outperform at Bernstein
* Forward Partners Group Rated New Buy at Liberum; PT 132 pence
* Intrum Resumed Buy at Nordea; PT 310 kronor (+)
* IronRidge Resources Rated New Buy at Liberum; PT 32 pence
* Orange Reinstated Market Perform at Bernstein; PT 10.80 euros
* Philips Reinstated Buy at Jefferies; PT 55 euros
* Philips ADRs Rated New Buy at Jefferies; PT $66
* Siemens Healthineers ADRs Rated New Hold at Jefferies; PT $33
* Siemens Healthineers Reinstated Hold at Jefferies; PT 53 euros
* Sparebank 1 Oestlandet Rated New Buy at Arctic Securities
* Telefonica Reinstated Market Perform at Bernstein; PT 4.60 euros
* Telia Rated New Market Perform at Bernstein; PT 41.70 kronor
* Vodafone Reinstated Outperform at Bernstein; PT 155 pence
>>> Call
* *EUROPEAN MINING SECTOR CUT TO MARKETWEIGHT AT BARCLAYS (+)
* *EUROPEAN TECHNOLOGY SECTOR CUT TO MARKETWEIGHT AT BARCLAYS (+)
* *EUROPEAN AUTOS SECTOR RAISED TO OVERWEIGHT AT BARCLAYS (+)
* *EUROPE LUXURY SECTOR RAISED TO OVERWEIGHT AT BARCLAYS (+)
* Allfunds Consensus Upgrades Likely, Barclays Raises Price Target (+)
* Almirall Overweight at Morgan Stanley on Growth Uplift Potential
* Bernstein Positive on Telco Infrastructure, Cellnex Outperform
* Frontier Developments Portfolio Performance ‘Strong:’ Liberum (+)
* Gamesa Cut on Earnings Risk, Siemens Energy Downgraded: JPMorgan
* Infineon, ASML Well-Positioned for China Semi Growth: Berenberg
* NOS Cut to Neutral at Goldman as Spectrum Uncertainty Lingers (+)
* Philips a Buy on Overdone Selloff, Healthineers Hold: Jefferies
* Pirelli Raised at HSBC With Concerns Addressed, Michelin Key Buy
* Ferragamo 2Q Strong Margin Development Likely to Reassure: Citi
* Vantage Towers Downgraded on ‘High Stakes’ Pipeline: Berenberg (+)
* U.S. Stocks Cut to Underweight at Morgan Stanley on Higher Risk