>>> Europe : Brokers Upgrades & Downgrades - 12th of February 2021 V2(+)

>>> Up
* Brenntag SE PT Raised to 80 euros at Bankhaus Metzler (+)
* Diploma Raised to Buy at HSBC; PT 2,705 pence
* Fincantieri Raised to Neutral at Banca Akros (ESN) (+)
* Helical Raised to Buy at Peel Hunt; PT 425 pence
* John Laing Group Rated New Buy at Liberum; PT 350 pence
* Kongsberg Raised to Buy at Arctic Securities; PT 214 kroner
* Lok'nStore Group Cut to Add at Peel Hunt; PT 660 pence
* Neste Raised to Overweight at Barclays; PT 75 euros
* Pandox PT Raised, EPS Estimate Lowered at Morgan Stanley Post 4Q
* Royal Mail PT Raised to 680 pence at Deutsche Bank
* Scout24 Raised to Buy at Goldman; PT 77.40 euros
* Spar Nord Raised to Buy at Danske Bank Markets; PT 69 kroner (+)
* Sweco Raised to Buy at SEB Equities; PT 148 kronor
* Sweco Raised to Buy at Danske Bank Markets; PT 150 kronor (+)
* TGS Raised to Buy at Danske Bank Markets; PT 147 kroner (+)
* Total SE Raised to Buy at LBBW; PT 39 euros

>>> Down
* Aroundtown Cut to Hold at Jefferies; PT 6.30 euros
* Carnival Plc Cut to Sell at Berenberg; PT 1,000 pence
* Caverion Cut to Hold at Danske Bank Markets; PT 6.10 euros (+)
* Hensoldt Cut to Neutral at Citi; PT 15.90 euros
* Hyatt Cut to Sell at Berenberg; PT $55
* Royal Caribbean Cut to Sell at Berenberg; PT $55
* Norwegian Cruise Cut to Hold at Berenberg; PT $22
* Sbanken Cut to Hold at Pareto Securities; PT 85 kroner
* StrongPoint Cut to Hold at Norne Securities; PT 35 kroner
* Uponor Cut to Hold at Danske Bank Markets; PT 18 euros (+)
* Watches of Switzerland Cut to Neutral at Goldman; PT 690 pence

>>> Initiation
* Breedon Rated New Overweight at Morgan Stanley; PT 114 pence
* Ferguson Rated New Equal-Weight at Morgan Stanley
* FRP Advisory Group Reinstated Buy at Panmure Gordon
* Millicom Rated New Buy at SEB Equities; PT $405

>>> Call
* Carnival, Other Cruise Stocks Cut at Berenberg Amid Higher Risks (+)
* Danone Margin Reset ‘Inevitable’ as Change Coming: Bernstein (+)
* Hensoldt Gets First Downgrade Since IPO as Citi Cuts to Hold (+)
* Hydrogen Stocks Offer Buying Opportunity After Pullback: Citi
* ING Core Results Better, While Profit In Line: Morgan Stanley (+)
* L’Oreal Results Strong on Sales, Margin, Stock May Rise: Goldman
* More Pain for U.K. Retail Property, Logistics Strong: Peel Hunt
* Royal Mail Gets Street-High Price Target at Deutsche Bank (+)
* Schibsted Results ‘Good,’ Momentum Returning, JPMorgan Says (+)