>>> Europe : Brokers Upgrades & Downgrades - 12th of November 2021

>>> Up
* BBVA Raised to Overweight at Morgan Stanley; PT 7.30 euros
* Renault Raised to Overweight at Morgan Stanley; PT 45 euros
* Virgin Money UK Raised to Neutral at Goldman; PT 195 pence

>>> Down
* Acutus Medical Cut to Underweight at JPMorgan
* Aveva Cut to Hold at Jefferies; PT 3,700 pence
* Banco Santander Cut to Equal-Weight at Morgan Stanley
* Bechtle Cut to Add at Baader Helvea; PT 76 euros
* Credito Emiliano Cut to Market Perform at KBW; PT 7.20 euros
* Johnson Matthey Cut to Sell at AlphaValue/Baader
* Kalera Cut to Hold at Arctic Securities; PT 25 kroner

>>> Initiation
* Bayer Rated New Buy at SRH AlsterResearch; PT 70 euros
* Home24 Rated New Buy at SRH AlsterResearch; PT 17 euros
* PharmaSGP Holding Rated New Outperform at RBC; PT 34 euros

>>> Call
* Adecco Upgraded on Scope For Valuation Catch Up, RBC Says
* Aveva Downgraded to Hold at Jefferies on Limited Visibility
* Renault Looks Set For Stronger FY22, Upgraded at Morgan Stanley