>>> Europe : Brokers Upgrades & Downgrades - 12th of October 2021 V3(+)

>>> Up
* Alfa Financial Raised to Overweight at Barclays; PT 205 pence (+)
* ASML Raised to Buy at Banco Sabadell; PT 805 euros
* Avast Cut to Equal-Weight at Barclays (+)
* BEWi Raised to Buy at Nordea; PT 65 kroner (+)
* Industrivarden Raised to Hold at ABG; PT 290 kronor
* Interparfums Raised to Outperform at Oddo BHF; PT 63 euros (+)
* Fagron Raised to Buy at KBC Securities; PT 19.50 euros (+)
* Lancashire Raised to Add at Peel Hunt; PT 630 pence
* LVMH Raised to Buy at Banco Sabadell; PT 706 euros
* LSE Raised to Outperform at KBW; PT 8,700 pence
* Netcompany Raised to Buy at ABG; PT 775 kroner (+)
* Norway Royal Salmon Raised to Buy at Handelsbanken
* Orsted Raised to Buy at ABG; PT 1,025 kroner
* SocGen Raised to Buy at Banco Sabadell; PT 31.26 euros
* Stemmer Imaging Raised to Buy at Berenberg; PT 42 euros

>>> Down
* Ahold Delhaize Cut to Neutral at Goldman; PT 30.50 euros
* Equinor Cut to Underweight at Morgan Stanley; PT 200 kroner
* Fevertree Drinks Cut to Hold at HSBC; PT 2,550 pence
* Mapfre Cut to Neutral at CaixaBank BPI; PT 1.95 euros
* Swedbank Cut to Sell at Goldman; PT 170 kronor
* TeamViewer Cut to Hold at Deutsche Bank; PT 16.50 euros

>>> Initiation
* EUTELSAT RATED NEW EQUAL-WEIGHT AT MORGAN STANLEY, PT EU14
* Infineon ADRs Rated New Buy at President Capital Management
* Metso Outotec Rated New Buy at Berenberg; PT 10.50 euros
* OKEA Rated New Buy at Arctic Securities; PT 31 kroner
* SES SA RATED NEW EQUAL-WEIGHT AT MORGAN STANLEY, PT EU9.5
* Vitesco Rated New Inline at Evercore ISI; PT 60 euros
* Weir Rated New Buy at Berenberg; PT 2,060 pence

>>> Call
* Ahold Delhaize Cut to Neutral at Goldman With Upside Now Limited
* Airbus Deliveries ‘Not Great’ But FY Target in Sight, Citi Says
* DSV 3Q Beat Bigger Than Expected, Says Citi; Watch Peer Kuehne (+)
* Givaudan 3Q Organic Sales Beat Masks a Miss in Fragrances: Citi (+)
* Lancashire Raised at Peel Hunt as Better Profit Absorbs Risks
* Lonza’s Extended Growth Outlook Ahead of Expectations: Jefferies (+)
* Outokumpu Higher 3Q Outlook Supports Acerinox, Aperam: Jefferies (+)
* Polymetal Rated New Hold at Deutsche Bank; PT 1,200 pence
* Sodexo’s Fortunes to Turn Around, Bernstein Says Time to Buy (+)
* TeamViewer Downgraded; Structural Trends Reversed: Deutsche Bank
* Weir, Metso Outotec Both Seen Undervalued and Buys at Berenberg