>>> Europe : Brokers Upgrades & Downgrades - 12th of April 2022

>>> Up
* ASMI Raised to Overweight at Barclays; PT 425 euros
* Bank of Ireland Raised to Buy at Berenberg; PT 7.50 euros
* Legrand Raised to Buy at SocGen; PT 95 euros
* Leonardo Raised to Buy at Deutsche Bank; PT 12 euros
* Mortgage Advice Bureau Raised to Buy at Peel Hunt
* Neste Raised to Overweight at JPMorgan; PT 53 euros
* Pekao Raised to Overweight at Morgan Stanley; PT 144 zloty

>>> Down
* Elior Group Cut to Add at AlphaValue/Baader
* LSE Cut to Neutral at Exane; PT 8,600 pence
* OTP Bank Cut to Equal-Weight at Morgan Stanley; PT 13,600 forint
* Piraeus Financial Holdings Cut to Underweight at Morgan Stanley
* PKO Cut to Equal-Weight at Morgan Stanley; PT 49 zloty
* Rapala VMC Cut to Accumulate at Inderes; PT 8.20 euros
* Rolls-Royce Cut to Underweight at JPMorgan; PT 75 pence
* Safestore Cut to Hold at HSBC; PT 1,515 pence
* Salmar Cut to Hold at DNB Markets; PT 743 kroner
* Seaway 7 Cut to Neutral at SpareBank; PT 10 kroner
* STMicroelectronics Cut to Equal-Weight at Barclays; PT 38 euros
* Vantage Towers Cut to Neutral at New Street Research

>>> Initiation
* Eurazeo SE Rated New Neutral at Goldman; PT 92 euros
* Intermediate Capital Rated New Buy at Goldman; PT 2,480 pence
* Partners Group Rated New Buy at Goldman; PT 1,630 Swiss francs
* Tele2 Resumed Equal-Weight at Morgan Stanley; PT 145 kronor
* Valmet Resumed Equal-Weight at Morgan Stanley

>>> Call
* Ferrari Raised at BNP Paribas Ahead of New BEV Strategy, Outlook
* Givaudan 1Q May Provide ‘Modest’ Support For Shares: Jefferies
* Novo Nordisk Raised on Wegovy Relaunch Momentum: Morgan Stanley
* Sika Delivers Solid Revenue Beat at 1Q, Morgan Stanley Says
* Valmet Equal-Weight at Morgan Stanley With Risk Skew Balanced