>>> Europe : Brokers Upgrades & Downgrades - 10th of February 2020 V2(+)

>>> Up
* Asos Raised to Buy at Berenberg
* Bactiguard Raised to Neutral at Swedbank; PT 92 kronor
* CNH Industrial Raised to Buy at Deutsche Bank; PT $12 (+)
* DIC Asset PT Raised to 21 euros at M.M. Warburg (+)
* Gerresheimer Raised to Buy at Goldman; PT 84 euros (+)
* Julius Baer Raised to Overweight at Morgan Stanley
* Norsk Hydro Raised to Neutral at Goldman; PT 29 kroner
* Outokumpu Oyj Raised to Add at AlphaValue
* Skanska Raised to Hold at Handelsbanken; PT 240 kronor
* Unicaja Raised to Outperform at Credit Suisse; PT 1.08 euros
* Worldline Raised to Buy at MainFirst; PT 85 euros

>>> Down
* Abeo Cut to Reduce at Gilbert Dupont; PT 16 euros (+)
* AF Poyry AB Cut to Sell at Handelsbanken; PT 205 kronor
* Air Liquide Cut to Equal-Weight at Morgan Stanley; PT 132 euros
* DSV Cut to Hold at ABG; PT 820 kroner
* Elisa Oyj PT Raised to 60.80 euros from 38 euros at Berenberg
* Equinor Cut to Hold at Arctic Securities; PT 165 kroner
* Lotus Bakeries Cut to Hold at KBC Securities (+)
* N Brown Cut to Sell at Stifel; PT 60 pence
* Norsk Hydro Cut to Underweight at JPMorgan; PT 25 kroner
* Vestas Cut to Sell at SocGen; PT 640 kroner (+)
* Whitbread Cut to Sell at Goldman; PT 4,200 pence
* Yara Cut to Hold at Norne Securities; PT 410 kroner (+)

>>> Initiation
* Scandic Rated New Neutral at Oddo BHF; PT 98 kronor (+)

>>> Call
* Confidence in Asos Is Now Restored, Upgrade to Buy: Berenberg
* C-Band Outcome ‘Not Bad’ for SES, But PT Lowered: Berenberg (+)
* Julius Baer Upgraded, Self-Help Overlooked: Morgan Stanley
* Roche Alzheimer’s Trial Failure Expected, Jefferies Stays at Buy (+)
* Royal Mail Not Yet Found a Floor, GLS Sale Unlikely: Berenberg (+)
* U.K. Upside Not Priced In; Jefferies Names Five Stocks to Buy