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

>>> Up
* Ahold Delhaize Raised to Neutral at Exane; PT 26.50 euros
* Aktia Bank Raised to Buy at Inderes; PT 10.50 euros
* Boliden Raised to Hold at Deutsche Bank; PT 380 kronor
* Mowi Raised to Buy at Fearnley; PT 280 kroner
* Nordea Bank Raised to Add at AlphaValue/Baader
* Rightmove Raised to Buy at BofA; PT 715 pence
* Zur Rose Raised to Buy at Baader Helvea; PT 140 Swiss francs

>>> Down
* Homeserve Cut to Sector Perform at RBC; PT 1,200 pence
* IAG Cut to Hold at Stifel; PT 146.37 pence
* Nel Cut to Neutral at Citi; PT 14 kroner
* Ryanair Cut to Hold at Stifel; PT 15 euros

>>> Initiation
* Esken Rated New Buy at Liberum; PT 26 pence
* Tullow Reinstated Hold at SBG Securities; PT 68 pence

>>> Call
* Capital & Counties Continues to Offer Upside, Citi Raises to Buy
* SSE Upgraded to Buy at Berenberg on Energy Transition Role