WWD : Louis Vuitton’s Nicolas Ghesquière Designs Custom Porsche 911 With Luxury

Louis Vuitton’s Nicolas Ghesquière Designs Custom Porsche 911 With Luxury Restoration Specialist Singer
Vuitton has collaborated with the California-based vehicle design firm on two bespoke cars presented at Pebble Beach as part of Monterey Car Week.


PARIS — Nicolas Ghesquière owns the ideal California midcentury home. Now he’s designed the car to match it.

The artistic director of women’s collections at Louis Vuitton has joined forces with Singer, an American company that specializes in restoring and modifying classic Porsche 911s, to create a one-of-a-kind turbo-charged cabriolet in ivory white with precious-wood trim, inspired by the elegance of classic motorboats and the freedom of the West Coast’s outdoor lifestyle.

It’s one of two unique cars that Vuitton has developed with Singer as it deepens its connection with the automotive world through its partnership with Formula 1, and gears up for the Louis Vuitton Dolomites Classic Run in September, which will mark the French luxury brand’s first classic car rally in 14 years.

The two Porsche 911 Reimagined by Singer models, based on cars dating from the early 1990s, were unveiled on Wednesday at Pebble Beach, Calif., as part of Monterey Car Week, an annual festival featuring rare classic cars, high-end auctions and vintage motor racing. The price of the cars has not been disclosed.

Ghesquière, who acquired the John Lautner-designed Wolff house in Los Angeles in 2022, is a self-described auto buff, as illustrated by his first campaign for Vuitton in 2014, which featured model Freja Beha Erichsen and an ultra-rare 1972 Maserati Boomerang concept car.

“Automotive design is a passion that has always lived within me. My collaboration with Singer has been a chance to reconnect with this fascinating world — a magnificent opportunity to explore truly exceptional automobiles,” Ghesquière said in a statement shared exclusively with WWD.

The conversation with Singer began with a simple request. The bespoke auto workshop, founded in 2009 by Rob Dickinson, the former frontman of English alternative rock band Catherine Wheel, wanted to commission a detachable dashboard clock based on Vuitton’s signature Tambour watch.


“In addition to the design and production of this clock by La Fabrique du Temps Louis Vuitton workshops in Switzerland, it quickly became apparent to us that this collaboration with Singer could extend to the personalization of every functional element of the vehicle, enhancing them through our expertise in leather craftsmanship and watchmaking,” said Jean Arnault, Louis Vuitton’s watch director.

“The result is a shared vision that embodies innovation, creativity and the pursuit of exceptional savoir-faire,” he added.

The co-branded vehicles represent a historic first both for Vuitton and Singer, and mobilized artisans across all divisions at Vuitton, from watches and trunks to leather goods, fashion and footwear.

“The specifications chosen by Louis Vuitton exposed us to techniques and methods developed over decades of experience. They trusted us with their esteemed brand, their traditions and their vision, and it was a joy to bring our two worlds together,” Dickinson said.

The second fruit of their partnership is a reimagined Porsche 911 coupé in the house’s signature saffron and cobalt blue colorway, which also features on its packaging. It comes with a roof rack that can accommodate a trunk, a surfboard or a pair of skis, reflecting Vuitton’s brand identity built around the art of travel.

The car is full of meticulously handcrafted details, such as the Monogram flower designs that appear in the ventilation eyelets on the leather seats, as well as on the sun visor and headrests, and extending to technical components like fuel and oil caps, which feature the typography used on Vuitton watch components.

“Projects of this scale and exclusivity allow for a level of attention to detail that is unusual in the automotive world,” said Octave Chany, project lead designer at Singer.

“Every transition between materials, every metallic reflection, every knurled surface, every mechanical interaction and every graphic element has been meticulously considered, often at an almost microscopic level,” he added.

Each car comes with an exclusive, one-off capsule collection.

For the Porsche 911 Reimagined by Singer – Classic, 17 products are included, including a racing jacket, jeans, shoes, driving gloves, a helmet, a Keepall bag, a Louis Vuitton surfboard and a pair of skis, among others.

The jacket is made from a similar leather as the car’s upholstery, while the jeans feature a Louis Vuitton x Singer tab at the rear waist. The package also includes a pair of front-trunk bags that fit into the nose of the car.

Meanwhile, the Ghesquière-designed Porsche 911 Reimagined by Singer – Classic Turbo comes with 22 products, including a made-to-measure suit in parachute silk, driving gloves, sneakers, a helmet, a Tambour Automatic watch and a selection of bags, including an Alma, an Express, a Noé, a Cruiser and a Petite Malle.

Vuitton’s connections with the automotive world stretch back to the early 20th century, when twin brothers Pierre and Jean Vuitton, grandsons of Louis Vuitton, designed their own car to showcase the house’s bespoke trunks and luggage.

Starting in the 1990s, the house organized classic car rallies worldwide, bestowing a prize on the most innovative concept cars and holding Concours d’Elégance shows for vintage car collectors in Paris, London and New York City.

>>> Senator Investor Group (Douglas Silverman) discloses updated portfolio posit

Senator Investor Group (Douglas Silverman) discloses updated portfolio positions in 13F filing: New DPC CLF PRMB TH CSTM AKAM positions, Added to V COP, Exited PFE RKT JHX
Highlights from Q2 2026 filing as compared to Q1 2026 (all amounts are approximate):
  • New: DPC (5 mln shares), CLF (2.7 mln), PRMB (1.6 mln), TH (1.4 mln), CSTM (1.1 mln), ESI (725K), AKAM (640K), AZUL (506K), FLEX (413K), BSX (300K), COF (233K), QQQ (214K), SRRK (205K), DKS (200K), VSAT (180K), TMO (100K)
  • Increased: OPTU (8 mln shares from 5 mln shares), NU (3.2 mln from 2.5 mln), BKD (2.9 mln from 2.5 mln), COP (538K from 219K), SPY (246K from 3K), BA (646K from 441K), AS (1.5 mln from 1.3 mln), UNH (187K from 35K), V (316K from 255K), ALKS (275K from 235K)
  • Maintained: AMAT (65K)
  • Exited: PFE (from 1.25 mln shares), RKT (1.25 mln), JHX (1.1 mln), HAL (847K), EEM (570K), VIK (523K), APO (340K), C (330K), MSFT (268K), ETHA (243K), APH (200K), CVS (175K), HAS (175K), HOOD (141K), ECHO (103K), AEIS (100K)
  • Decreased: WBD (20K from 3.1 mln), RIOT (49K from 1.5 mln), PRM (1.8 mln from 2.4 mln), NVDA (337K from 825K), WRBY (50K from 500K), UAL (1.08 mln from 1.43 mln), MT (41K from 341K), SN (314K from 554K), VRT (69K from 260K), AMZN (420K from 610K), VST (17K from 197K), ULS (250K from 400K), DHR (341K from 433K), ATI (80K from 145K), TECK (706K from 769K), TSM (211K from 263K), GLXY (96K from 144K), META (92K from 134K), AVGO (162K from 188K), ATRO (7K from 22K), GOOG (10K from 13K)

>>> Cisco beats by $0.05, beats on revs; guides Q1 EPS above consensus, revs abo

Cisco beats by $0.05, beats on revs; guides Q1 EPS above consensus, revs above consensus; guides FY27 EPS above consensus, revs above consensus (123.88 +3.45)
  • Reports Q4 (Jul) earnings of $1.22 per share, excluding non-recurring items, $0.05 better than the FactSet Consensus of $1.17; revenues rose 17.6% year/year to $17.25 bln vs the $16.84 bln FactSet Consensus.
    • Total non-GAAP gross margin declined to 66.3% vs 68.4% a year ago, but was at higher end of 65.5-66.5% prior guidance.
    • Product revenue up 24% and services revenue was flat.
    • Significant momentum and raised expectations for AI infrastructure from hyperscalers:
      • $4 bln of orders taken in Q4, bringing the total for FY 2026 to $9.3 bln.
    • Broad-based, record high demand for Cisco technology with a networking supercycle underway:
      • Q4 total product orders up 35% year over year; up 25% excluding hyperscalers, with double-digit growth across every geography and customer market.
      • Networking product orders grew 40% year over year in Q4, marking the eighth consecutive quarter of double-digit growth.
  • Co issues upside guidance for Q1 (Oct), sees EPS of $1.32-1.34, excluding non-recurring items, vs. $1.16 FactSet Consensus; sees Q1 revs of $18.00-18.20 bln vs. $16.83 bln FactSet Consensus.
    • Co guides to Q1 total non-GAAP gross margin of 65-66% and non-GAAP operating margin of 35.5-36.5%.
  • Co issues upside guidance for FY27, sees EPS of $5.05-5.11, excluding non-recurring items, vs. $4.83 FactSet Consensus; sees FY27 revs of $72.20-73.40 bln vs. $69.12 bln FactSet Consensus.
  • "We delivered a very strong close to fiscal 2026, marking another record year for Cisco. Our record performance is a testament to the accelerated pace of innovation and the excellent execution by our teams," said Chuck Robbins, Chair and CEO of Cisco. "With the breadth and depth of our portfolio and our competitive differentiation in secure networking, Cisco is well positioned to support our customers however or wherever they decide to deploy AI." "In Q4, we delivered record revenue, non-GAAP operating income and EPS, all exceeding the high end of our guidance ranges and demonstrating strong financial discipline and operating leverage," said Mark Patterson, CFO of Cisco.
  • "In fiscal 2026, Cisco achieved its highest productivity metrics in 30 years measured by revenue, non-GAAP operating margin, and earnings per employee. As we enter fiscal 2027, we remain focused on delivering durable growth, consistent profitability and continued capital returns as we make the strategic investments to capitalize on the significant growth opportunities we see ahead."

The Information : DeepSeek Releases Flagship V4-Pro Model in Challenge to Kimi K

DeepSeek Releases Flagship V4-Pro Model in Challenge to Kimi K3
The launch of DeepSeek’s most advanced model, which costs only a fraction of other popular Chinese models, further intensifies the market competition.

Chinese AI developer DeepSeek on Wednesday launched the official version of its most advanced model, V4-Pro, which offers capabilities comparable to Moonshot AI’s popular Kimi K3 model on some benchmarks at much lower prices.

DeepSeek’s latest release further intensifies the competition among increasingly powerful Chinese open-source models and U.S. frontier models from Anthropic and OpenAI. A leaderboard compiled by U.S. AI benchmarking startup Vals AI ranks V4-Pro second among all open-source models, just behind Kimi K3.

DeepSeek is offering V4-Pro at a fraction of the price of Kimi K3, which is already significantly cheaper than U.S. frontier models. The application programming interface for V4-Pro costs only $0.435 for input and $0.87 for output per 1 million tokens. By comparison, Moonshot’s Kimi K3 charges $3 for input and $15 for output, while Anthropic’s Claude Opus 5 costs $5 for input and $25 for output.

DeepSeek is setting the prices of V4-Pro remarkably low, even though the company recently said it was planning a “significant increase” in the near future in the overall API pricing for its AI models.

The Information : Nebius, CoreWeave Are Cashing In on Soaring AI Compute Prices

Nebius, CoreWeave Are Cashing In on Soaring AI Compute Prices

Remember two weeks ago when Apple passed Nvidia in market capitalization? That’s now ancient history. At today’s close, Nvidia’s market capitalization was $1 trillion higher than Apple’s. In the past two weeks, Nvidia stock has risen 18% and Apple’s has fallen 10% or so. That seems to be mostly due to broad market dynamics, such as the state of the Iran war, but the fact that insatiable demand for Nvidia’s AI chips has sent chip rental prices through the roof may also have something to do with it.

We got a reminder about the frothiness of demand for AI capacity right now from executives at two small Nvidia-backed cloud firms, CoreWeave and Nebius, speaking on earnings calls in the past two days. Nebius CEO Arkady Volozh revealed today that Nebius had held its first auction of computing capacity during the second quarter, with prices for Nvidia’s Blackwell generation of chips “15% above the highest price we ever charged before.” Volozh also said Nebius was selling more capacity closer to the time customers needed it to take advantage of high prices.

We heard a similar story from CoreWeave, whose CEO, Michael Intrator, told analysts on Tuesday evening that “pricing and margins for our Blackwell and [later-generation] Vera Rubin” chips were “setting new highs, while pricing for prior-generation [chips] is at or above where it was years ago.” CoreWeave raised prices 25% in July “in response to the current demand environment,” said CoreWeave finance chief Nitin Agrawal. CoreWeave is also looking to do short-term deals to take advantage of higher prices.

CoreWeave executives called out this pricing dynamic as bullish for the company’s business model. “We are more confident than ever in the long-term ROI [return on investment] of our product,” Agrawal said. Wall Street agreed. CoreWeave rose 19% on Wednesday, while Nebius stock soared 34%. Both companies are bleeding money in their data center expansion, but investors don’t care right now. As MoffettNathanson analyst Nick Del Deo said in a report on Tuesday, “pricing has captured the market’s attention of late.”

The pricing phenomenon may also account for some of SpaceX’s recent recovery—its stock rose 9.7% on Wednesday to $146.15, 35% above where it was last week. SpaceX led the way on short-term high-priced deals when it rented capacity to Anthropic and Google in the past few months. BNP Paribas noted on Wednesday that the pricing Nebius got on short-term deals lately were “roughly equivalent to the economics of SpaceX’s recently signed deals.”

Despite Wall Street’s applause, it’s easy to overinterpret the significance of high prices for compute capacity. All that’s happening is that it’s hard to find the capacity you need right now. Executives at both companies made it clear that prices are higher for short-term deals—as Volozh described it, “for customers with an immediate time-bounded need.” Companies signing deals lasting several years aren’t paying the same premium.

That makes sense: No one would pay a premium for capacity they need in 2029, say, because by then there will likely be more data centers than there are now (even with the political opposition in many states). The cloud industry is, after all, spending hundreds of billions to expand capacity. Investors might want to take a slightly longer-term view of CoreWeave and Nebius.

>>> What to look at today - 13th of Aug 2026

Global stocks climbed toward a record and bonds extended gains as a subdued US inflation report eased concerns about an imminent interest-rate hike by the Federal Reserve. Brent snapped a six-day rally. The MSCI All Country World Index, the broadest measure of global equities, rose 0.1% to just shy of its intraday all-time high set last week. The Asia Pacific gauge added almost 1% in a tech-led rally, while futures indicated the rally will build in Europe. Earlier, the S&P 500 closed within touching distance of a record as traders pared bets on a September Fed hike to around 35%. Treasuries rallied across the curve with the yield on rate-sensitive two-year notes dropping two basis points to 4.18%. Bonds in Australia and New Zealand also advanced. 
Also boosting sentiment toward equities, Brent crude dropped 0.8% to $88.25 a barrel. Gold, which typically benefits when rates aren’t increased, rallied to a two-month high, before paring its advance. Wednesday’s benign US inflation report, coupled with last week’s soft jobs data, gives the Kevin Warsh-led Fed more room to stand pat, easing a key concern for markets as stocks recover from a July selloff in artificial intelligence shares. Still, persistent price pressures and volatile oil markets are complicating the outlook, leaving traders sensitive to incoming economic data. US consumer prices rose 0.2% in July from a month earlier, a government report showed Wednesday, in line with economists’ forecasts, while a key underlying inflation measure matched its slowest pace since March 2021. Still, concern about sticky inflation and widening budget deficits have helped keep longer-maturity Treasury yields elevated. Thursday’s 30-year bond sale is expected to price at the highest financing rate in 25 years, after a $42 billion auction of 10-year notes drew the highest yield since 2007. The latest CPI reading and a cooler-than-expected jobs report may keep hawkish Fed officials at bay in September, said Gary Schlossberg, a global strategist at Wells Fargo Investment Institute.  The AI trade regained momentum Thursday. South Korea’s Kospi Index rallied 4.2% to enter a technical bull market, with chipmakers Samsung Electronics Co. and SK Hynix Inc. both rallying more than 5%. However, caution lingered as Cisco Systems Inc.’s earnings failed to impress, sending its shares down 4.1% in extended trading. Cerebras Systems Inc. tumbled 17% after sales declined at its hardware business. US After Hours CURI +22.1%, OMER +20.8%, HLIT +18.8%, TBBB +13.8% sharply higher on earnings; STUB -14.8%, CBRS -14.7%, CSCO -3.9%, COHR -3% lower on earnings.

Nikkei +1.35% Hang Seng -0.01% CSI +0.54% Kospi +2.72% Shanghai +0.41% Shenzen +0.43%

Eur$ CNH CNY JPY GBP CHF RUB TRY WTI$ Gold BTC ETH

S&P +0.10% Nasdaq +0.17% EuroStoxx +0.39% FTSE +0.25% Dax +0.25% SMI +0.23%

Macro :
- VIX Lowest Since Jan., SPY Put Fly Bought: US Options Snapshot
- DeepMind's Hassabis Pitched AI-Oversight Body Before Shake-Up -- WSJ

13F :
- Trian Cuts Janus Henderson Group LTD, Boosts GE Healthcare: 13F
- Berkshire Cuts General Mills, Exits Paychex: 13F

Keep an eye on :
- ADYEN NA : Adyen Boosts FY Net Revenue Forecast (1)
- Anthropic IPO : Anthropic Said in Talks to Buy Startup Decart for $6 Billion
- AAPL US : Apple in Talks to Pay Publishers to Improve AI-Powered Siri -- WSJ
- AUTO NO : Autostore 2Q Rev Beats Estimates, Plans $75m Share Buyback
- BMW GY : BMW i Ventures Joins CodeRabbit's $143m Series C Round
- CWC GY : Cewe Stiftung 2Q Sales EU143.9M
- CSCO US : Cisco 1Q Revenue Forecast Beats Estimates
- CTY1V FH : Citycon Approves Potential Divestment, Reports Earnings
- CRWV US : CoreWeave Warns of Difficulty If It Must Shift From Nvidia Chips
- PBB GY : Deutsche PBB 1H Pretax Profit EU16M
- DPZ US : FDA suspends licences of 4 Domino's Pizza outlets in Maharashtra for violating hygiene norms
- DNO NO : DNO 2Q Revenue Misses Estimates
- EUZ GY : Eckert & Ziegler 1H Revenue EU149.3M Vs. EU148.8M Y/y
- EMBRACB SS : Embracer 1Q Net Sales SEK3.94B Vs. SEK3.17B Y/y
- ERNS LN : DP World 1H Profit $585M vs $960M Y/Y
- EVO SS : Candle Lake Makes Mandatory Offer for Evolution at SEK695/Share
- EVT GY : Evotec 1H Adjusted Ebitda Loss EU42.7M
- EEZY FH : Eezy 2Q Revenue Above Estimates
- EQT SS : EQT Offers to Buy Australia’s Cleanaway Waste for $4.9 Billion
- ESENSE FH : Enersense FY Outlook Above Consensus; 2Q Revenue of EUR 73.1 Million, Compared With FactSet Estimates of EUR 73.3 Million (2 Est
- FAST NA : Fastned Raises FY oper. Ebitda-Margin Guidance to ~45%
- FOSL US : Fossil 2Q Net Sales $209.7M Vs. $220.4M Y/y
- FRA GY : Fraport July Frankfurt Airport Passengers +1.4%
- FNTN GY : Freenet Maintains FY Adjusted Ebitda Forecast
- FUL US : Activist Ancora Now Seeks to Buy H.B. Fuller Adhesives Unit
- GOOGL US : Departing Google chief scientist Jeff Dean has been in talks for a $10 billion valuation for his new AI startup
- GLJ GY : Grenke Forecasts FY Results
- HHFA GY : Hamburger Hafen 1H Ebit EU51.3M Vs. EU79.4M Y/y
- HLAG GY : Hapag-Lloyd 2Q Ebitda Margin Misses Estimates
- HFG GY : HelloFresh 2Q Revenue Matches Estimates, HelloFresh 2Q Sales at Constant Exchange Rates Miss Estimates
- KOMN SW : Komax 1H Ebit Margin 0.6% Vs. 2.2% Y/y
- KOSKI FH : Koskisen 2Q Revenue Misses Estimates
- LUMO FH : Lumo Kodit 2Q Net Rental Income Beats Estimates
- MAERSKB DC : Maersk Boosts FY Underlying Ebitda Forecast, Beats Estimates
- MANTA FH : Mandatum 2Q Pretax Profit Beats Estimates
- MEKKO FH : Marimekko 2Q Net Sales Miss Estimates
- MLP GY : MLP 1H Ebit EU60.4M Vs. EU42.7M Y/y
- AERO SW : Montana Aerospace 1H Net Sales EU518.4M
- MORLD NO : Moreld 2Q Revenue Beats Estimates
- NEE US : NextEra Energy Secures Funding for Up to 10 GW Gas Plants
- NNE US : Nano Nuclear Energy Q3 EPS $(0.19) Beats $(0.27) Estimate, Sales $214.042K Miss $456.667K Estimate
- NETC DC : Netcompany Boosts FY Organic Revenue Forecast
- NOVOB DC : US Energy Assets Now ‘Very Attractive’ to $109 Billion Novo Fund
- NORBT NO : NORBIT Reports 2Q Revenue of NOK 831.6 Million, Compared With FactSet Estimates of NOK 827.5 Million
- NRC NO : NRC Group 2Q Revenue Under Estimates
- PNDORA DC : Pandora Boosts FY Organic Revenue Forecast,Pandora Estimates May Rise After Strong Quarter
- PSKY US : Paramount Has Discussed Creating a Board to Ensure CNN's Independence -- WSJ
- PSKY US : Ellison Weighs Moving CBS News Out of New York City: NYP
- PS US : Pershing Square Inc. 2Q Net Loss $40.5M
- PS US : Pershing Square Adds Visa, Netflix Among New Investments
- PHARM NA : Pharming Launches Joenja in Japan for Patients with APDS
- PPGN SW : PolyPeptide Group 1H Ebitda Beats Estimates, PolyPeptide Group Boosts FY Revenue Forecast
- RNK LN : Rank Group FY Adjusted EPS 10.5P, Est. 10.1P
- RAYB SS : RaySearch Reports 2Q Adj EPS of SEK 0.57
- RWE GY : RWE Raises Investments to €42 Billion by 2031 on Grid Spending, RWE Boosts FY Adjusted Ebit Forecast
- STUB US : Stubhub 2Q Adjusted Ebitda $105.7M
- SPM IM : Saipem Wins Middle East Offshore Contract Worth About $1.8b
- YSN GY : Secunet 1H Revenue Above Estimates
- SIP BB : Sipef Maintains FY Palm Oil Output Forecast
- SIX2 GY : Sixt 2Q Pretax Profit Beats Estimates
- SKAB SS : Skanska Signs $238m Contract for Data Center in Virginia
- S92 GY : SMA Solar 1H Ebitda EU88.3M Vs. EU9.1M Y/y
- SB1NO NO : SpareBank 1 Sor-Norge 2Q Pretax Profit Beats Estimates
- SOLARB DC : Solar 2Q Revenue Beats Estimates
- SAX GY Stroeer 1H Adjusted Ebitda EU273M Vs. EU266M Y/y
- TKA GY : Thyssenkrupp Narrows FY Adjusted Ebit Forecast, Thyssenkrupp Raises Outlook Slightly on Steel, Warship Gains
- VLA FP : Valneva 1H Product Sales EU64.0M Vs. EU91.0M Y/y
- V1NC GY : Vincorion Reports 1H Revenue of EUR 150.2 Million, Vincorion Sees 2026 Revenue at Upper End of Guidance Range
- SPCE US : Virgin Galactic 2Q Revenue Misses Estimates
- WAC GY : Wacker Neuson Confirms 1H Preliminary Results Published July 17
- FHZN SW : Zurich Airport July Passengers 3.33M
- ZEAL DC : Zealand Pharma 2Q Net Income Beats Estimates

>>> Europe : Brokers Upgrades & Downgrades - 13th of Aug 2026

>>> Up
* Air Canada PT Raised to C$40 from C$29 at National Bank
* Alma Media Raised to Buy at SEB Equities; PT 15.90 euros
* Austrian Post Raised to Accumulate at Erste Group; PT 35 euros
* Aviva PT Raised to 800 pence from 755 pence at Peel Hunt
* Daimler Truck PT Raised to 58 euros from 52 euros at RBC
* Elekta Raised to Buy at SB1 Markets; PT 59 kronor
* TKMS Raised to Outperform at Bernstein; PT 125 euros

>>> Down
* Alcon AG Cut to Neutral at BNP Paribas; PT 64 Swiss francs
* Borr Drilling Cut to Hold at Arctic Securities; PT $3.80
* Coca-Cola Europacific Cut to Neutral at UBS; PT $107
* Demant Cut to Hold at Handelsbanken; PT 305 kroner
* Deutsche Post Cut to Neutral at Citi; PT 59 euros
* FCC Cut to Add at AlphaValue/Baader
* Lanxess Cut to Sell at Berenberg; PT 13.80 euros
* Legal & General Cut to Underweight at JPMorgan; PT 270 pence
* Matas Cut to Hold at SEB Equities; PT 95 kroner
* Metacon Cut to Reduce at Inderes; PT 0.19 kronor
* OXB Cut to Hold at Investec; PT 508 pence
* Salmar Cut to Sell at Nordea; PT 480 kroner
* UMG Cut to Reduce at HSBC; PT 12.10 euros

>>> Initiation
* ASML ADRs Reinstated Buy at William O'Neil
* ASML Reinstated Buy at William O'Neil
* Pelagic Credit Rated New Buy at Fearnley; PT 20 kroner

>>> Call
* Aviva Raised at JPMorgan, Legal & General, M&G Downgraded
* Lanxess Consensus Overly Optimistic, Cut to Sell at Berenberg