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

>>> Up
* Acerinox Raised to Hold at Mirabaud Securities; PT 10.39 euros (+)
* AO World Raised to Buy at Jefferies; PT 400 pence
* Hays Raised to Outperform at RBC; PT 195 pence
* JCDecaux Raised to Overweight at JPMorgan; PT 29 euros (+)
* Pagegroup Raised to Outperform at RBC; PT 700 pence

>> Down
* Randstad Cut to Sector Perform at RBC; PT 68 euros
* Sicit Group Cut to Reduce at Equita; PT 16.80 euros

>>> Initiation
* GlobalData Rated New Hold at Peel Hunt; PT 1,400 pence
* Medigene Rated New Buy at Berenberg; PT 8 euros
* Realstone Rated New Market Perform at ZKB (+)

>> Call
* Asos’s JV With Nordstrom a ‘Very Sensible’ Move, Jefferies Says (+)
* Atos’s Warning on 2021 Targets Is ‘Significant,’ Oddo Says (+)
* Galp’s 2Q Trading Update Shows ‘Slow Progress’: RBC Capital (+)
* RBC Says Turning More Positive on Permanent Staffing Stocks