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

>>> Up
* Anglo American Raised to Outperform at BMO (+)
* Befimmo Raised to Hold at SocGen; PT 42 euros (+)
* Coca-Cola European Raised to Hold at ABN Amro Bank; PT $42.05
* Continental AG PT Raised to 90 euros from 55 euros at Barclays (+)
* ConvaTec Raised to Outperform at RBC; PT 245 pence
* DSV Panalpina Raised to Buy at Handelsbanken; PT 850 kroner
* Epiroc Raised to Hold at Deutsche Bank; PT 105 kronor
* Etsy Raised to Buy at Jefferies (+)
* Fellow Finance Raised to Accumulate at Inderes; PT 2.50 euros (+)
* Valeo Raised to Overweight at Barclays; PT 30 euros
* Veolia Raised to Overweight at Morgan Stanley; PT 26 euros
* Suez SA Raised to Equal-Weight at Morgan Stanley; PT 12 euros
* Team17 Raised to Buy at Canaccord; PT 600 pence (+)

>>> Down
* Ashtead Cut to Sector Perform at RBC; PT 2,600 pence
* BASF Cut to Sell at M.M. Warburg; PT 52 euros (+)
* Chemring Group Cut to Equal-Weight at Barclays; PT 250 pence
* DWS Cut to Hold at Pareto Securities; PT 35 euros (+)
* Elior Group Cut to Underperform at Bernstein; PT 5.90 euros
* Erste Cut to Accumulate at Fio Banka; PT 27.95 euros
* ForFarmers Cut to Neutral at Kempen & Co; PT 6.60 euros (+)
* Gestamp Cut to Hold at Mirabaud Securities; PT 3.30 euros (+)
* Maersk Cut to Hold at ABG; PT 7,800 kroner
* Michelin Cut to Equal-Weight at Barclays; PT 105 euros
* MTU Aero Cut to Hold at HSBC; PT 170 euros
* Novozymes Cut to Sell at Jyske Bank; PT 350 kroner (+)
* Piaggio Cut to Neutral at Banca Akros (ESN); PT 2.50 euros (+)
* Randstad Cut to Neutral at Citi; PT 41 euros
* Rockhopper Exploration Cut to Add at Peel Hunt; PT 20 pence (+)
* Straumann Cut to Hold at Jefferies; PT 750 Swiss francs
* Taylor Wimpey Cut to Hold at Canaccord; PT 163 pence (+)
* UDG Cut to Sector Perform at RBC; PT 800 pence
* Wendel SE Cut to Neutral at Citi

>>> Initiation
* ALK-Abello Rated New Buy at SEB Equities; PT 2,150 kroner
* Amundi Rated New Buy at SocGen; PT 78.50 euros
* Atos Resumed Neutral at BofA; PT 75 euros
* Azimut Rated New Hold at SocGen; PT 16.80 euros
* Capgemini Resumed Buy at BofA; PT 112 euros
* DWS Rated New Buy at SocGen; PT 40 euros
* Indra Resumed Underperform at BofA; PT 7.20 euros
* Tikehau Capital Rated New Hold at SocGen; PT 26 euros

>>> Call
* Adidas and Puma Valuations ‘Are Running Out of Puff,’ BofA Says
* RBC Says Time to Take Profit on Ashtead, Cuts to Sector Perform
* Epiroc Raised, Deutsche Bank Sees Beyond 2Q Covid-19 Hit (+)
* ConvaTec Upgraded to Outperform at RBC; Sees Room for Upside (+)
* Lancashire Pricing Update Reassuring For Peers, Jefferies Says
* Randstad Cut at Citi After Rally With Shares Now Fairly Valued
* Sixt PT Raised at Jefferies on Financial Flexibility, Bookings
* Soft Drinks Better Way Than Spirits to Play Reopening: Jefferies (+)
* Straumann Return to Business as Usual Unlikely, Jefferies Cuts
* Veolia, Suez Trade at ‘Abnormally High’ Discount: Morgan Stanley