TheChek News Flow

>>> Up

* Africa Oil Raised to Overweight at Barclays; PT C$4.22

* Azelis Raised to Outperform at Oddo BHF

* Big Yellow Group Raised to Add at Numis; PT 1,420 pence (+)

* Chevron Raised to Buy at HSBC; PT $189

* Chevron Raised to Buy at CFRA; PT $172

* Danske Bank Raised to Neutral at JPMorgan; PT 180 kroner

* Qiagen Raised to Overweight at Morgan Stanley; PT 50 euros

* Richter PT Raised at Berenberg on Vraylar’s Sales Potential

* Shop Apotheke Raised to Equal-Weight at Morgan Stanley

* Wulff-Group Raised to Buy at Inderes; PT 4.30 euros

>>> Down

* Abrdn European Logistics Cut to Sector Perform at RBC

* BKW Cut to Reduce at Baader Helvea; PT 160 Swiss francs

* Future PLC PT Cut to 668 pence from 1,153 pence at Canaccord

* Repsol Cut to Hold at HSBC; PT 14.50 euros

* Victrex PT Cut to 1,590 pence from 1,900 pence at Jefferies

>>> Initiation

* AFC Energy Reinstated Buy at Peel Hunt; PT 125 pence

* Cleveland-Cliffs Rated New Neutral at JPMorgan; PT $18

* Coats Rated New Outperform at BNPP Exane; PT 100 pence

* Essentra Rated New Outperform at RBC; PT 260 pence

* GrafTech Rated New Neutral at JPMorgan

* Julius Baer Cut to Underperform at KBW; PT 62 Swiss francs (+)

* Leroy Cut to Hold at Nordea

* Nucor Rated New Underweight at JPMorgan; PT $130

* Orron Energy Rated New Buy at SEB Equities; PT 17.70 kronor

* Pod Point Group Rated New Buy at Peel Hunt; PT 120 pence

* Precigen Rated New Neutral at JPMorgan

* Steel Dynamics Rated New Underweight at JPMorgan; PT $82

* Stelco Holdings Rated New Neutral at JPMorgan; PT C$48

* U.S. Steel Rated New Neutral at JPMorgan; PT $24

>>> Call

* BKW Cut to Reduce at Baader Helvea Following Strong Rally

* Citi Strategists Hail ‘Return of Bullish Flows’ to US Equities

* Coats New Outperform at BNPP Exane as Investment Concerns Fade (+)

* Danske Bank Upgraded at JPM on Capital Distribution Capacity

* Essentra New Outperform at RBC on Good Position, Margin Outlook

* Goldman Strategists Say Big Tech Tops 1Q Hedge Fund Long Trades (+)

* Qiagen Upgraded at Morgan Stanley on Undervalued Growth Outlook

* Richter PT Raised at Berenberg on Vraylar’s Sales Potential (+)

* Shop Apotheke Raised, But MS Stays Cautious on ePharmacy Sector

(BFW) Goldman Strategists Say Big Tech Tops 1Q Hedge Fund Long Trades

>>> Stoxx600 Pre-Market Indications

Ryanair (RY4C TH) +1.6%
Qiagen (QIA TH) +1.6%
- Qiagen Upgraded at Morgan Stanley on Undervalued Growth Outlook
Rio Tinto (RIO1 TH) +0.9%
- Iron Ore Extends Drop to Fourth Day on Sluggish China Recovery
Vodafone (VODI TH) +0.7%
Deutsche Bank (DBK TH) -0.8%
Siemens Energy (ENR TH) -0.9%
Engie (GZF TH) -1.4%
ArcelorMittal (ARRD TH) -1.7%
- Watch European Miners as Weak China Recovery Weighs on Iron Ore
Games Workshop (G7W TH) -1.8%

>>> TradeGate Pre-Market Indications

DAX:

Qiagen (QIA TH) +1.8%
- Qiagen Upgraded at Morgan Stanley on Undervalued Growth Outlook

MDAX:

Evonik (EVK TH) +0.8%
United Internet (UTDI TH) +0.7%

SDAX:

Shop Apotheke (SAE TH) +1.6%
- Shop Apotheke Raised, But MS Stays Cautious on ePharmacy Sector
DIC Asset (DIC TH) +1%
1&1 (DRI TH) +0.8%
SGL (SGL TH) -1%

(BFW) Altice Raises BT Stake to ~24.5%, Doesn’t Intend to Make Offer

(BN) *ALTICE RAISES BT STAKE TO ~24.5%, DOESN'T INTEND TO MAKE OFFER

>>> Europe : Brokers Upgrades & Downgrades - 23rd of May 2023