Gapping up
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- DJT +37.5%, RVLV +21.2%, QLYS +18.7%, TMCI +15.6%, MRCY +14.1%, CRL +14%, GMED +13.9%, MGNX +11.9%, FOLD +9.5%, TRMB +8.9%, IMCR +8%, LXP +7.6%, CVS +7.5%, AVDX +7.1%, AFG +7% (also declares $4/sh special dividend), USPH +6.8%, PRGO +6.7%, EYE +6.6%, RYAM +6.3%, JKHY +6.2%, IONS +6.2%, FUN +5.8%, VERX +5.7%, LMB +5.4% (also files mixed shelf securities offering), HLNE +5.4%, MASI +5.1%, ENOV +5%, MCFT +4.9%, SGHC +4.8%, SNDX +4.5%, HWM +3.9%, AIZ +3.7%, STKL +3.7%, FAST +3.7% (Oct sales), CRC +3.6%, DK +3.5%, NOG +3.4%, TDY +3.3%, JLL +3.3%, KRNT +3.2%, MRC +3.1% (also names new Board Chair), IGIC +3%, TEVA +2.9%, RPRX +2.9%, NVO +2.8%, KMT +2.8%, PERI +2.6%, DIN +2.5%, RYTM +2.4%, DVN +2.4%, MKTX +2.3%, COR +2.1%, TSLX +2%, IFF +1.9%, HLIO +1.9%, GO +1.4% (also authorizes new $100 mln share repurchase program), OC +1.3%, STWD +1%, UMC +0.9%
Select Trump basket stocks trading higher:
- DJT +38.3%, GEO +22.6%, CXW +17.4%, TSLA +12.4%
Other news:
- ATHE +14% (peer-reviewed journal, Metallomics has published data on the importance of iron and iron-targeting agents like ATH434 to treat neurodegenerative diseases)
- ITRI +8.3% (Eastside Utility deploying Itron's Smart Water Solutions)
- CMA +7.7% (authorizes new 10 mln share repurchase program)
- CMC +7.1% (issues statement regarding Pacific Steel Group v. Commercial Metals Co. litigation)
- WSC +7% (TOMS Capital builds stake, pushes for a strategic review, according to Bloomberg)
- PLOW +6.9% (COO bought 5,000 shares)
- EMR +6.3% (AZPN receives takeover bid from EMR)
- IWM +6.1% (following US Presidential election results)
- CSTL +5.9% (announces the latest data from its prospective, multicenter DECIDE study exploring the impact of integrating DecisionDx-Melanoma test results into SLNB decision-making for patients recently diagnosed with melanoma)
- ANAB +5% (files $500 mln mixed shelf securities offering)
- DAVE +4.6% (FTC takes action against online cash advance app Dave; also issues upside Q3 guidance)
- WFRD +4.3% (announces two contracts in the Middle East)
- AZPN +3.6% (AZPN receives takeover bid from EMR)
- DIA +3.2% (following US Presidential election results)
- ACAD +2.5% (to sell its Rare Pediatric Disease Priority Review Voucher for $150 mln)
- CRWD +2.3% (to acquire Adaptive Shield)
- SPY +2.2% (following US Presidential election results)
- TTEC +1.9% (suspends dividend, changes location on HQ, closes on sale of a real estate asset for $45.5 mln)
- QQQ +1.6% (following US Presidential election results)
- CSCO +1.2% (Cisco routers, among others, were used by hackers in Chinese intrusions, according to WSJ)
- PSTX +1.1% (to present data on CAR-T Cell Therapies)
Analyst comments:
- BEAM +4.3% (upgraded to Outperform from Market Perform at Leerink Partners)
- CE +2.1% (upgraded to Buy from Hold at Deutsche Bank)
- ENB +1% (upgraded to Equal Weight from Underweight at Wells Fargo)
- CLX +0.7% (upgraded to Hold from Sell at TD Cowen)
Gapping down
In reaction to earnings/guidance:
In reaction to earnings/guidance:
- EXAS -22.3%, AVNW -18.3%, SMCI -15.8% (also finds no evidence of fraud or misconduct by mgmt or board), EOSE -13.8% (also new customer agreement with City Utilities), MEC -13.2%, ODP -13.1%, CLVT -9.7%, BGS -9.5%, AUDC -9.3%, INNV -7.7%, HMC -7.1%, VTEX -7%, CELH -6.9%, LNTH -6.9%, IRBT -6.8% (also announces restructuring plan, which includes a 16% workforce reduction), CPNG -6.4%, BBAI -6.3%, SWIM -5.8%, MBC -5.8%, RARE -5.1% (also provides DTX401 Phase 3 follow-up data), LUMN -4.2%, NCMI -3.4%, WTTR -3.1%, SMG -2.5%, SUN -2.1%, KGC -2%, SPR -1.9% (provides FCF guidance; also warns substantial doubt about its ability to continue as a going concern), FREY -1.9%, ATHM -1.8%, INFN -1.5%, NHI -1.4%, VSH -1.1%
Select Solar related names showing early weakness following US election:
- JKS -17.1%, RUN -17%, FSLR -13.9%, CSIQ -12.7%, TAN -11.1%, SOL -4.9%
Other news:
- TNGX -25.5% (reports positive TNG462 clinical data and provides update on PRMT5 development program)
- PACS -22.1% (Q3 operating metrics)
- NVAX -3.2% (discloses settlement agreement)
- CCCC -2.1% (announces that its partner Betta Pharmaceuticals has dosed the first patient in the Phase 1 clinical trial of CFT8919, an orally bioavailable allosteric degrader of EGFR L858R for non-small cell lung cancer, in Greater China)
- LXRX -1.7% (announces Sotagliflozin data published)
- LGIH -1.5% (reports Oct home sales)
- PAAS -1.2% (receives approval for sale of La Arena from Canada)
Analyst comments:
- SNN -4.4% (downgraded to Hold from Buy at Berenberg)
After Hours Summary: QLYS +18.6%, RVLV +15.6%, TMCI +14.1%, MGNX +12.2%, GMED +9.5% higher on earnings; EXAS -30.1%, AVNW -18.2%, MEC -17.1%, SMCI -15%, CPNG -8.8% lower on earnings/guidance
After Hours Gainers:
Companies trading higher in after hours in reaction to earnings/guidance: QLYS +18.6%, RVLV +15.6%, TMCI +14.1%, MGNX +12.2%, GMED +9.5%, MRCY +9.4%, RYAM +7%, CRC +5.6%, GO +4.7% (also authorizes new $100 mln share repurchase program), LMB +4.2% (also files mixed shelf securities offering), PAAS +3.6%, NOG +3.3%, STKL +2.9%, IGIC +2.8%, KGC +1.8%, DJT +1.8%, NE +1% (increases share repurchase authorization by $400 mln), NVEI +0.8%, SPR +0.6% (provides FCF guidance; also warns substantial doubt about its ability to continue as a going concern), FYBR +0.3%, HLIO +0.2%, DVN +0.1%
Companies trading higher in after hours in reaction to news: WSC +7.4% (TOMS Capital builds stake, pushes for a strategic review, according to Bloomberg), TTEC +1.7% (suspends dividend, changes location on HQ, closes on sale of a real estate asset for $45.5 mln), PSTX +1.5% (to present data on CAR-T Cell Therapies), ITRI +1.3% (Eastside Utility deploying Itron's Smart Water Solutions), WFRD +1.1% (announces two contracts in the Middle East), CBOE +0.9% (reports Oct trading volume), BLND +0.7% (new partnership with Covered Insurance Solutions), CSCO +0.5% (Cisco routers, among others, were used by hackers in Chinese intrusions, according to WSJ), PLOW +0.3% (COO bought 5,000 shares), TD +0.2% (expects Q4 catastrophe claims of $388 mln), ACAD +0.1% (to sell its Rare Pediatric Disease Priority Review Voucher for $150 mln), EMR +0.1% (AZPN receives takeover bid from EMR)
After Hours Losers:
Companies trading lower in after hours in reaction to earnings/guidance: EXAS -30.1%, CRCT -27.7%, AVNW -18.2%, MEC -17.1%, SMCI -15% (also finds no evidence of fraud or misconduct by mgmt or board), EOSE -12.6% (also new customer agreement with City Utilities), BGS -12%, INNV -10.2%, CPNG -8.8%, SWIM -8.8%, IRBT -7.3% (announces restructuring plan, which includes a 16% workforce reduction), BBAI -7.1%, WTTR -5.7%, RARE -5.5% (also provides DTX401 Phase 3 follow-up data), NCMI -5.5%, MCHP -4.8% (also increases dividend), MBC -4.8%, MASI -4.7%, RYTM -4%, LUMN -3.1%, VTEX -2.1%, ERO -2.1% (also names new Exec Chairman and new CEO), TX -1.5%, NHI -1.2%, PCVX -1%, IFF -0.6%, JKHY -0.3%, PBA -0.3%, INFN -0.3%, AIZ -0.1%, MRC -0.1% (also names new Board Chair)
Companies trading lower in after hours in reaction to news: NVAX -4.9% (discloses settlement agreement), DAVE -4.4% (FTC takes action against online cash advance app Dave; also issues upside Q3 guidance), ASR -1.8% (reports Oct traffic), LXRX -1.7% (announces Sotagliflozin data published), GLPG -0.6% (to present results of new data), AMZN -0.3% (Jeff Bezos sold 1,068,452 shares pursuant to a Rule 10b5-1 trading plan), AAPL -0.2% (Apple wants Foxconn to produce servers in Taiwan, according to Nikkei), ADM -0.1% (discloses additional restatement related info)
A slew of trades around the world tied to Donald Trump’s rising presidential prospects notched decisive moves, with stock futures extending gains, Treasury yields jumping and the dollar up the most since February 2023. S&P 500 futures climbed 1.2%, 10-year yields surged 12 basis points to a four-month high of 4.39% and Bitcoin spiked to a record – moves that reflect rising wagers on a Trump presidency, with Vice President Kamala Harris’s path to victory narrowing. Stocks, Dollar and Yields Rise on Election Night. The Bloomberg Dollar Spot Index was up 1.1%. The Mexican peso slumped 2.3%, while the Japanese yen and the euro slid at least 1.2%. Contracts on the Russell 2000 Index added 2.5%. Smaller companies with typically domestic operations are seen as potential gainers in a Republican win, given the party’s protectionist stance. Trump Media & Technology Group Corp. surged in trading on Robinhood Markets Inc.’s 24-hour platform. Equities in Japan and Australia climbed, while shares in Hong Kong slipped. European stock futures are marginally lower. A cohort of investors on Wall Street have wagered that Trump’s pro-growth stance on industrial policy, corporate tax cuts and tariffs would boost stocks and could fuel inflation — spurring bond yields and the US dollar higher. Crypto is seen as benefiting from relaxed regulation and Trump’s public support for the digital currency. In contrast to Tuesday’s relatively calm session, Wall Street saw the potential for outsized moves almost regardless of the election’s outcome. Goldman Sachs Group Inc.’s trading desk said a Republican sweep may push the S&P 500 up by 3%, while a decline of the same size is possible should the Democrats win both the presidency and Congress. Moves would be half as much in the event of a divided government. Andrew Tyler at JPMorgan Securities said anything other than a Democratic sweep is likely to cause stocks to rise. A Morgan Stanley note says risk-taking appetite may dip in the event of a Republican sweep as fiscal concerns fuel yields, but if bond markets take it in their stride the likes of growth-sensitive cyclical stocks would rise. Meanwhile, it sees renewable-energy firms and tariff-exposed consumer stocks rallying under a scenario in which Harris emerges the victor with a divided Congress, while a corresponding fall in yields would benefit housing-sensitive sectors. US After Hours : QLYS +18.6%, RVLV +15.6%, TMCI +14.1%, MGNX +12.2%, GMED +9.5% higher on earnings; EXAS -30.1%, AVNW -18.2%, MEC -17.1%, SMCI -15%, CPNG -8.8% lower on earnings/guidance
Nikkei +2.61% Hang Seng -2.54% CSI -0.65% Shanghai -0.24% Shenzen -0.15%
Eur$ 1.0725 CNH 7.1885 CNY 7.1680 JPY 154.30 GBP 1.2851 CHF 0.8744 RUB 96.1729 TRY 34.2625 WTI$ 70.46 -2.11% Gold 2,706 -1.39% BTC 74,858 +8.23% ETH 2,605 +7.85%
S&P +1.55% Nasdaq +1.48% EuroStoxx +0.35% FTSE +0.72% Dax +0.21% SMI +0.55%
Macro :
- Morgan Stanley Predicts Brazil Global Bond Wave: Financials Wrap
- Tropical Storm Rafael Threatens 1.74M B/D of Gulf Oil Output
- Bitcoin Jumps 5% as Pro-Crypto Trump Takes Early Election Lead
Keep an eye on :
Keep an eye on :
- AD NA : Ahold Delhaize 3Q Adjusted Operating Margin Beats Estimates
- AMBEA SS : Ambea 3Q Net Sales Beats Estimates
- AAPL US : Apple Asks Foxconn to Produce AI Servers in Taiwan: Nikkei
- AAPL US : Apple to Face First EU Fine Under Bloc’s Digital Markets Act
- AKER NO : Aker 3Q Net Asset Value per Share NOK767 Vs. NOK860 Q/Q
- AKTIA FH : Aktia Bank 3Q Adjusted EPS Beats Estimates
- AKE FP : Arkema Cuts FY Ebitda Forecast, Misses Estimates
- AZN LN : Astra Says it Will Cooperate With Chinese Authorities if Asked
- BARN SW : Barry Callebaut FY Sales Beats Estimates
- BPSO IM : Pop. Sondrio 3Q Net Interest Income EU275.5M Vs. EU241.1M Y/y
- BMW GY : BMW 3Q Automotive Ebit Margin Misses Estimates *BMW 3Q AUTOMOTIVE EBIT MARGIN 2.3%, EST. 2.87%
- BP/ LN : BP Puts Road Fuel Stations in the Netherlands Up for Sale
- CIBUD SS : Cibus Nordic Real Estate’s Gylling to Step Down as Chairman
- COFA FP : Coface 9M Revenue EU1.38B Vs. EU1.42B Y/y
- CBK GY : Commerzbank 3Q Revenue Beats Estimates Commerzbank Boosts FY Net Interest Income Forecast, *COMMERZBANK PLANS SECOND TRANCHE BUYBACK OF UP TO €400M
- ACA FP : Credit Agricole 3Q Net Income Beats Estimates Credit Agricole Beats Estimates as Debt Traders Outperform
- CE IM : Credito Emiliano 9M Net Income EU485.9M Vs. EU439M Y/y
- CTPNV NA : CTP 9M Net Rental Income EU475.9M Vs. EU402.6M Y/y
- EDPR PL : EDP Renovaveis 9M Net Income EU210M Vs. EU445M Y/y
- RF FP : Eurazeo Assets Under Management EU35.54B
- EVK GY : Evonik 3Q Adjusted Ebitda Beats Estimates
- FRE GY : Fresenius Lifts Outlook in Sign Restructuring Plan Is Working
- G1A GY : GEA Group 3Q Adjusted Ebitda Beats Estimates
- GRF SM : Brookfield Seeks More Information on Grifols Related-Party Deals
- HEN3 GY : Henkel 3Q Sales Misses Estimates
- HZG GY : Hensoldt 9M Adjusted Ebitda EU187M Vs. EU151M Y/y
- ISP IM : Intesa Must Inform Clients of Prior Data Breach: Authority (1)
- INW IM : INWIT 3Q Revenue Meets Estimates
- JEN GY : Jenoptik Maintains FY Ebitda Margin Forecast
- BAER SW : Julius Baer Hires Goldman to Sell Brazilian Business: Neofeed
- KCO GY : Kloeckner 3Q Adjusted Ebitda EU21M
- KTN GY : Kontron Maintains FY Ebitda Forecast
- MEKKO FH : Marimekko 3Q Adjusted EPS Misses Estimates
- MOWI NO : Mowi 3Q Net Income Misses Estimates
- NEOEN FP : Neoen Maintains FY Ebitda Forecast
- NEOEN FP : Neoen Maintains FY Ebitda Forecast
- NOVOB DC : Novo Narrows FY Sales at Constant Exchange Rates Forecast
- NOVOB DC : Novo 3Q Wegovy Sales Beats Estimates
- OERL SW : OC Oerlikon Corp AG Pfaffikon PT Cut to 3.70 Swiss francs at RBC
- PNDORA DC : Pandora 3Q Revenue Meets Estimates
- PARA US : Paramount Global Discussed a Merger With Warner Bros. for Months
- PRU LN : Prudential 9M Annual Premium Equivalent $4.64B Vs. $4.42B Y/y
- RIO LN : Rio Tinto Trials Truck-Battery Swaps at Oyu Tolgoi Copper Mine
- RUI FP : Rubis 3Q Revenue EU1.63B Vs. EU1.60B Y/y
- RUI FP : Rubis 3Q Revenue EU1.63B Vs. EU1.60B Y/y
- SAN FP : Sanofi’s Dupixent Approved in EU for Young Children with EoE
- SAP GY : SAP to Invest ‘Over-Proportionally’ in India, CEO Says
- SHEL LN : Shell-Led LNG Plant Seen Boosting Canada Gas Prices to US Levels
- SHL GY : Siemens Healthineers 4Q Adjusted Ebit Matches Estimates
- SINCH SS : Sinch 3Q Net Sales Meets Estimates
- SKAB SS : Skanska 3Q Operating Profit Misses Estimates
- SOLB BB : Solvay 3Q Underlying Ebitda Beats Estimates
- S9I GY : Middleground Capital Closes Purchase of STEMMER IMAGING AG-
- TMV GY : TeamViewer Boosts FY Adjusted Ebitda Margin Forecast
- TIT IM : Telecom Italia CEO Says He’s Committed to Role, Won’t Resign
- UCG IM : UniCredit 3Q Net Income Beats Estimates, Lifts Outlook
- UCG iM : UniCredit: High Geographical Complementarity With Commerzbank
- VNA GY : Vonovia Sees 2025 Adjusted Ebitda EU2.7B to EU2.8B
- WSC US : Activist TOMS Said to Build Stake in WillScot, Push for Review
- WISE LN : Wise 1H Pretax Profit Beats Estimates
- XXL NO : XXL 3Q Ebitda Misses Estimates
- ZEAL DC : Zealand’s Weight-Loss Drug Has Minimal Side Effects in Study
>>> Up
* AIB Group Raised to Neutral at Mediobanca SpA; PT 5.10 euros
* Boozt Raised to Buy at SEB Equities; PT 135 kronor
* Burberry Raised to Outperform at RBC; PT 900 pence
* De Nora Raised to Outperform at Mediobanca SpA; PT 13.50 euros
* Elisa Raised to Overweight at Barclays; PT 55 euros
* Inficon Raised to Buy at Berenberg; PT 1,400 Swiss francs
* Swiss Life PT Raised to 805 Swiss francs at Berenberg
* Technoprobe Raised to Buy at Stifel; PT 7.80 euros
* UPS Raised to Buy at Argus
>>> Down
* Aedas Homes SA Cut to Market Perform at Renta 4; PT 24.50 euros
* UPS Raised to Buy at Argus
>>> Down
* Aedas Homes SA Cut to Market Perform at Renta 4; PT 24.50 euros
* Enefit Green Cut to Neutral at Swedbank; PT 3.90 euros
* Nexus Cut to Hold at Stifel; PT 70 euros
* OC Oerlikon Corp AG Pfaffikon PT Cut to 3.70 Swiss francs at RBC
* Orsted Cut to Hold at ABG; PT 418 kroner
* Smith & Nephew Cut to Hold at Berenberg; PT 10.50 pence
* Telenor Cut to Equal-Weight at Barclays; PT 155 kroner
* Telia Cut to Underweight at Barclays; PT 32 kronor
* VW Cut to Sector Perform at RBC; PT 100 euros
>>> Initiation
>>> Call
>>> Initiation
>>> Call
* Boozt Upgraded at SEB Equities, Underlying Attractions Remain
* Burberry Raised at RBC on Speculation of Interest From Moncler
* Burberry Raised at RBC on Speculation of Interest From Moncler
* Smith & Nephew Recovery Route Unclear, Cut to Hold at Berenberg
DAX:
- Siemens Healthineers (SHL TH) +3.3%
- Siemens Healthineers 4Q Adjusted Ebit Matches Estimates
- Bayer (BAYN TH) +1.9%
- Fresenius SE (FRE TH) +1.4%
- Fresenius Lifts Outlook in Sign Restructuring Plan Is Working
- Airbus (AIR TH) +1.1%
- BASF (BAS TH) +1%
- VW (VOW3 TH) -1.5%
- Daimler Truck (DTG TH) -1.8%
- Porsche (P911 TH) -2%
- BMW (BMW TH) -2.8%
- *BMW 3Q AUTOMOTIVE EBIT MARGIN 2.3%, EST. 2.87%
- Siemens Energy (ENR TH) -3.3%
MDAX:
- Hensoldt (HAG TH) +2.4%
- Hensoldt 9M Adjusted Ebitda EU187M Vs. EU151M Y/y
- TeamViewer (TMV TH) +2.4%
- TeamViewer Boosts FY Adjusted Ebitda Margin Forecast
- Hugo Boss (BOSS TH) +1.7%
- Evonik (EVK TH) +1.4%
- Evonik 3Q Adjusted Ebitda Beats Estimates
- HelloFresh (HFG TH) -1.6%
- Aurubis (NDA TH) -1.7%
- Thyssenkrupp (TKA TH) -2.6%
- Jenoptik (JEN TH) -3.3%
- Jenoptik Maintains FY Ebitda Margin Forecast
- Nordex (NDX1 TH) -5%
SDAX:
- Kontron (KTN TH) +8.8%
- Kontron Maintains FY Ebitda Forecast
- Deutz (DEZ TH) +1%
- SMA Solar (S92 TH) -2.2%
- Evotec SE (EVT TH) -15%
- Evotec SE 9M Revenue EU575.7M Vs. EU580.1M Y/y
- Novo (NOV TH) +4.1%
- Novo Nordisk’s Wegovy Sales Exceed Expectations in Third Quarter
- Siemens Healthineers (SHL TH) +3.2%
- Siemens Healthineers 4Q Adjusted Ebit Matches Estimates
- Raiffeisen (RAW TH) +2.1%
- L’Oreal (LOR TH) +2%
- Bayer (BAYN TH) +1.9%
- GTT (9TG TH) +1.9%
- Fresenius SE (FRE TH) +1.5%
- Fresenius Lifts Outlook in Sign Restructuring Plan Is Working
- Carl Zeiss Meditec (AFX TH) +1.5%
- AstraZeneca (ZEG TH) +1.5%
- Deutsche Bank (DBK TH) +1.3%
- RWE (RWE TH) -1.5%
- Prosus (1TY TH) -1.6%
- Porsche SE (PAH3 TH) -1.8%
- Puma (PUM TH) -1.9%
- Porsche (P911 TH) -2.4%
- The European Stocks in Focus as Trump Pulls Ahead in US Vote
- Orsted (D2G TH) -2.5%
- Bavarian Nordic (BV3 TH) -2.6%
- Siemens Energy (ENR TH) -3.1%
- BMW (BMW TH) -3.4%
- *BMW 3Q AUTOMOTIVE EBIT MARGIN 2.3%, EST. 2.87%
- Vestas (VWSB TH) -4.3%
>>> Up
* 3i Raised to Buy at Deutsche Bank; PT 4,037 pence (+)
* 3i Infra Raised to Buy at Stifel (+)
* AIB Group Raised to Neutral at Mediobanca SpA; PT 5.10 euros
* Ambu Raised to Market Perform at Handelsbanken; PT 140 kroner (+)
* AstraZeneca Raised to Hold at Deutsche Bank (+)
* Boozt Raised to Buy at SEB Equities; PT 135 kronor
* Burberry Raised to Outperform at RBC; PT 900 pence
* Celanese Raised to Buy at Deutsche Bank (+)
* De Nora Raised to Outperform at Mediobanca SpA; PT 13.50 euros
* Elisa Raised to Overweight at Barclays; PT 55 euros
* Inficon Raised to Buy at Berenberg; PT 1,400 Swiss francs
* Swiss Life PT Raised to 805 Swiss francs at Berenberg
* Technoprobe Raised to Buy at Stifel; PT 7.80 euros
* UPS Raised to Buy at Argus
>>> Down
* Aedas Homes SA Cut to Market Perform at Renta 4; PT 24.50 euros
* UPS Raised to Buy at Argus
>>> Down
* Aedas Homes SA Cut to Market Perform at Renta 4; PT 24.50 euros
* Enefit Green Cut to Neutral at Swedbank; PT 3.90 euros
* Knights Cut to Hold at Stifel; PT 135 pence (+)
* Nexus Cut to Hold at Stifel; PT 70 euros
* Nexus Cut to Hold at Hauck & Aufhaeuser; PT 70 euros (+)
* OC Oerlikon Corp AG Pfaffikon PT Cut to 3.70 Swiss francs at RBC
* Orsted Cut to Hold at ABG; PT 418 kroner
* REC Silicon Cut to Hold at Pareto Securities; PT 8 kroner (+)
* Smith & Nephew Cut to Hold at Berenberg; PT 10.50 pence
* Solvay Cut to Accumulate at KBC Securities; PT 40 euros (+)
* Telenor Cut to Equal-Weight at Barclays; PT 155 kroner
* Telia Cut to Underweight at Barclays; PT 32 kronor
* VW Cut to Sector Perform at RBC; PT 100 euros
>>> Initiation
>>> Call
>>> Initiation
>>> Call
* Boozt Upgraded at SEB Equities, Underlying Attractions Remain
* Burberry Raised at RBC on Speculation of Interest From Moncler
* Burberry Raised at RBC on Speculation of Interest From Moncler
* Inficon Upgraded as Berenberg Sees Entry Point Ahead of Recovery (+)
* Smith & Nephew Recovery Route Unclear, Cut to Hold at Berenberg