>>> Up
* BBVA Raised to Buy at Deutsche Bank; PT 6.25 euros
* Deutsche PBB Raised to Neutral at Citi; PT 11.50 euros
* SpareBank 1 Helgeland Raised to Buy at Arctic Securities
>>> Down
* Celyad Oncology SA ADRs PT Cut to $8 from $10 at Wells Fargo
* Equinor Cut to Sector Perform at RBC; PT 330 kroner
* Glenveagh Cut to Hold at Jefferies; PT 1.24 euros
* Nobia Cut to Hold at Handelsbanken
* Rathbones Group Cut to Equal-Weight at Barclays; PT 2,200 pence
* Rheinmetall Cut to Hold at Deutsche Bank; PT 215 euros
* Rheinmetall PT Cut to 240 euros at Bankhaus Metzler
* SMA Solar Cut to Underperform at Jefferies; PT 33 euros
* Under Armour PT Cut to $13 from $18 at Stifel
>>> Initiation
* Empiric Student Reinstated Hold at Numis; PT 75 pence
* Hensoldt Rated New Overweight at Morgan Stanley; PT 29.90 euros
* Solutions 30 Re-Initiated Outperform at Exane; PT 8 euros
>>> Call
* Hensoldt New Overweight at Morgan Stanley on Defense Exposure
* SMA Solar Downgraded at Jefferies, Market Share Being Pressured
* Solutions 30 Rated Outperform by Exane on New Growth Cycle, M&A