>>> Europe : Brokers Upgrades & Downgrades - 12th of May 2022 V2(+)

>>> 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
* Brembo SpA Raised to Neutral at Oddo BHF; PT 10.50 euros (+)
* Genmab Raised to Buy at Jyske Bank; PT 2,575 kroner (+)
* Maire Tecnimont Raised to Buy at Banca Akros (ESN); PT 4 euros (+)
* Montea Raised to Accumulate at KBC Securities (+)
* 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
* RS Group Raised to Outperform at Davy (+)
* Telia Raised to Hold at Berenberg; PT 40 kronor (+)
* 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
* Standard Chartered Cut to Hold at Investec; PT 605 pence (+)
* Swedish Match Cut to Hold at DNB Markets; PT 106 kronor (+)

>>> Initiation
* Esken Rated New Buy at Liberum; PT 26 pence
* H+H Rated New Hold at Nordea (+)
* Tullow Reinstated Hold at SBG Securities; PT 68 pence

>>> Call
* Boliden Raised at Deutsche Bank on Defensive Earnings, Valuation (+)
* Capital & Counties Continues to Offer Upside, Citi Raises to Buy
* Commerzbank Underlying Results Better Than Expected: Citi (+)
* KBC Better-Than-Expected 1Q Driven by Higher Revenue: Jefferies (+)
* Lanxess Set to Outperform Diversified Chemicals Peers: Berenberg (+)
* Nel Cut to Neutral at Citi on Near-term Risks From Rising Costs (+)
* ProSieben 1Q Meets Estimates; Citi Sees Limited Consensus Change (+)
* SSE Upgraded to Buy at Berenberg on Energy Transition Role
* Tod’s 1Q in Line, Stock Reaction Likely ‘Uneventful’: Jefferies (+)