>>> Europe : Brokers Upgrades & Downgrades - 10th of March 2021

>>> Up
* Campari Raised to Hold at HSBC; PT 8.50 euros
* CNP Assurances Raised to Buy at Berenberg; PT 21.40 euros
* Deutsche PBB Raised to Buy at Pareto Securities; PT 11 euros
* Deutsche Telekom Raised to Buy at Citi; PT 18.50 euros
* Ferrovial Raised to Buy at SocGen; PT 26.20 euros
* Ferrexpo Raised to Buy at Liberum; PT 500 pence
* Melia Hotels PT Raised to 8.50 euros at Deutsche Bank
* NH Hotel Raised to Buy at Deutsche Bank; PT 5.20 euros
* Norsk Hydro Raised to Overweight at Barclays; PT 73 kroner
* Senior Raised to Add at Peel Hunt; PT 128 pence
* Tenaris Raised to Equal-Weight at Barclays; PT 10.50 euros
* Texaf Raised to Buy at KBC Securities; PT 44 euros
* Vaisala Raised to Reduce at Inderes; PT 30 euros

>>> Down
* Basic-Fit Cut to Sector Perform at RBC; PT 35 euros

>>> Initiation
* Italgas Reinstated Outperform at RBC; PT 5.75 euros
* Snam Reinstated Sector Perform at RBC; PT 4.65 euros
* Terna Reinstated Sector Perform at RBC; PT 5.75 euros

>>> Call
* IAG Raised at JPMorgan After Greensill-Driven Selloff ‘Overdone’
* CNP Assurances Strategy Shift Prompts Upgrade at Berenberg
* Ferrexpo Upgraded to Buy at Liberum on Demand for Greener Steel
* Hydro Raised to Overweight on Upside Potential at Barclays
* Leonardo Cash Guidance Weaker, Orders Positive: Morgan Stanley
* Regulated Utilities’ Growth Prospects Underappreciated, RBC Says
* Ferragamo’s 4Q Shows ‘Small’ Signs of Recovery, Says Jefferies
* Senior Upgraded at Peel Hunt on Improved Long-Term Prospects