>>> Europe : Brokers Upgrades & Downgrades - 10th of May 2021 V2(+)

>>> Up
* Amadeus Raised to Overweight at JPMorgan; PT 70 euros
* Berkeley Raised to Overweight at JPMorgan; PT 5,400 pence
* Centamin Raised to Outperform at RBC; PT 140 pence
* Fresnillo Raised to Sector Perform at RBC; PT 950 pence
* GNP Energy Raised to Buy at Norne Securities; PT 57 kroner
* Victrex Raised to Overweight at JPMorgan; PT 2,800 pence (+)

>>> Down
* ISS Cut to Neutral at Goldman; PT 150 kroner

>>> Initiation
* Ekopak Rated New Buy at Berenberg; PT 19.70 euros
* Embellence Group Rated New Buy at Handelsbanken; PT 52 kronor
* Semperit Rated New Buy at GSC Research; PT 55 euros

>>> Call
* Adidas Relative Valuation Discount Narrower on China Relief: RBC
* New Unicaja, Liberbank May Be Worth EU3b, Citi Says (+)
* PostNL 1Q Reveals ‘Better-Than-Expected’ Trends, Jefferies Says (+)