>>> Europe : Brokers Upgrades & Downgrades - 11th of April 2022

>>> Up
* Adevinta Raised to Buy at Goldman; PT 118.50 kroner
* Aixtron Up to Outperform at Exane BNP on MicroLED Opportunity
* Nexans Raised to Add at AlphaValue/Baader
* Schibsted Raised to Buy at Goldman; PT 326.90 kroner
* Schlumberger NV Raised to Overweight at Piper Sandler; PT $55
* TGS Raised to Buy at SEB Equities; PT 175 kroner

>>> Down
* Encavis Cut to Equal-Weight at Barclays; PT 19 euros
* ProSieben Cut to Neutral at Goldman; PT 13.10 euros
* RTL Cut to Neutral at Goldman; PT 60.74 euros
* Stroeer Cut to Sell at Goldman; PT 62.10 euros
* WPP Cut to Neutral at Goldman; PT 1,235 pence

>>> Initiation
* Kraft Bank Rated New Buy at SpareBank; PT 13 kroner
* Richemont Started at Buy by Jefferies, Target Started at CHF140 by Jefferies
* Tinybuild Rated New Add at Numis; PT 210 pence

>>> Call
* AG Barr Raised at Berenberg on ‘Underappreciated Transformation’
* Aixtron Up to Outperform at Exane BNP on MicroLED Opportunity
* Goldman Strategists See Risks to European Margins, Revenues
* Richemont a New Buy at Jefferies With Cartier Still the Standout
* Sainsbury Up to Buy on Resilient U.K. Consumers, Jefferies Says
* Citi Stays Cautious on Fintech, Sees Near-Term Risks at Temenos
* Wood Raised to Hold at Jefferies on Upcoming Major Catalysts