>>> Europe : Brokers Upgrades & DOwngrades - 12th of December 2017

>>> Up
* Homeserve Upgraded to Overweight at JPMorgan; PT 8.90 Pounds
* MDC LN Raised to Overweight at Morgan Stanley; PT 6.75 Pounds
* Rosneft GDRs Upgraded to Buy at Goldman
* Young & Co's Upgraded to Overweight at JPMorgan; PT 15 Pounds

>>> Down
* Greene King Downgraded to Underweight at JPMorgan; PT 5 Pounds
* Kongsberg Downgraded to Hold at SEB Equities
* Moneysupermarket Cut to Neutral at JPMorgan; PT 3.50 Pounds

>>> Initiation
* Electrocomponents Rated New Hold at Berenberg
* HelloFresh Rated New Buy at Berenberg; PT 14 Euros
* HelloFresh Rated New Neutral at JPMorgan; PT 11 Euros
* SGL Rated New Buy at Berenberg
* Trifast Rated New Buy at Berenberg

>>> Call
>> Stocks
* *ROSNEFT ADDED TO GOLDMAN’S CEEMEA FOCUS LIST