>>> Europe : Brokers Upgrades & Dongrades26th of August 2021

>>> Up
* Mediclinic Raised to Buy at HSBC; PT 340 pence
* Spectris PT Raised to 4,380 pence from 4,100 pence at Berenberg
* Spirent PT Raised to 340 pence from 310 pence at Berenberg
* Stadler Rail Raised to Overweight at JPMorgan
* Vivendi Raised to Overweight at Barclays; PT 35.50 euros
* Zoom Video Raised to Overweight at Morgan Stanley; PT $400

>>> Down
* Elis Cut to Neutral at Goldman; PT 17.30 euros
* Grand City Properties Cut to Hold at Deutsche Bank; PT 24 euros
* Heidelberger Druck Cut to Hold at Stifel; PT 2.10 euros

>>> Initiation
* Hiscox Reinstated Buy at Goldman; PT 1,100 pence
* Lancashire Reinstated Neutral at Goldman; PT 650 pence
* Mister Spex Rated New Overweight at Barclays; PT 29 euros
* Neoen Rated New Equal-Weight at Morgan Stanley
* Voltalia Rated New Equal-Weight at Morgan Stanley

>>> Call
* Neoen, Voltalia’s Green Growth Already Priced In: Morgan Stanley
* Spectris PT to Street-High at Berenberg on Portfolio Realignment