>>> Europe : Brokers Upgrades & Downgrades - 12th of September 2

>>> Up
* Beiersdorf PT Raised to 152 euros from 140 euros at Jefferies
* Benchmark Holdings Raised to Buy at Investec; PT 42 pence
* Marks & Spencer Raised to Reduce at AlphaValue/Baader
* Nestle Raised to Hold at SocGen

>>> Down
* PolyPeptide Group Cut to Sell at Citi; PT 18 Swiss francs

>>> Initiation
* 2020 Bulkers Rated New Buy at Nordea; PT 121 kroner
* Belships Rated New Buy at Nordea; PT 23 kroner
* Carbios SACA Rated New Buy at Berenberg; PT 51 euros
* CTP Rated New Overweight at JPMorgan; PT 16 euros
* Duerr Rated New Buy at SocGen; PT 35 euros
* Epiroc Rated New Underweight at Barclays; PT 165 kronor
* Golden Ocean Rated New Buy at Nordea; PT 120 kroner
* Jet2 Rated New Overweight at Morgan Stanley; PT 1,800 pence
* Metso Oyj Reinstated Overweight at Barclays; PT 12 euros
* Qiagen Rated New Outperform at Baird; PT 46.51 euros

>>> Call
* CTP New Overweight at JPMorgan, Well Positioned in Growth Market
* JPMorgan’s Kolanovic Trims Overweight Bonds in Favor of Cash
* Metso Overweight, Epiroc, Sandvik Both Underweight at Barclays
* Nestle Upgraded at SocGen on Price, Improvement in Some Areas