>>> Europe : Brokers Upgrades & Downgrades - 13th of August 2020 V2(+)

>>> Up
* Asos Raised to Hold at Liberum; PT 5,000 pence (+)
* Bunzl PT Raised to 2,900 pence from 2,000 pence at Jefferies
* CNH Industrial Raised to Overweight at JPMorgan; PT $9.50
* Deutsche PBB PT Raised to 5.50 euros at Bankhaus Metzler
* DWS Raised to Buy at Oddo BHF; PT 37.80 euros (+)
* Inter Parfums Raised to Buy at BWS Financial; PT $60
* John Laing Group Raised to Overweight at Barclays; PT 365 pence
* Natixis Raised to Overweight at Barclays; PT 3.40 euros
* Purplebricks Raised to Buy at UBS

>>> Down
* ALK-Abello Cut to Hold at ABG; PT 1,983 kroner
* Aryzta Cut to Add at Baader Helvea; PT 0.66 Swiss francs (+)
* Bechtle Cut to Hold at Bankhaus Metzler; PT 164 euros
* BMW Cut to Hold at Bankhaus Metzler; PT 54 euros
* Corestate Cut to Add at Baader Helvea; PT 20 euros
* Deere Cut to Underweight at JPMorgan; PT $160
* DSV Panalpina Cut to Hold at HSBC; PT 980 kroner
* Eni Cut to Hold at LBBW; PT 9.50 euros
* Freenet Cut to Hold at LBBW; PT 18 euros
* Hamburger Hafen Cut to Sell at LBBW; PT 15 euros
* HolidayCheck Cut to Hold at Berenberg; PT 1 euro
* Leoni Cut to Sell at LBBW; PT 4.80 euros
* MTU Aero Cut to Neutral at Citi; PT 159 euros
* Oshkosh Cut to Neutral at JPMorgan; PT $90
* Softcat Cut to Hold at Berenberg; PT 1,250 pence
* Sunrise Cut to Neutral at Exane; PT 110 Swiss francs
* Sunrise Cut to Hold at Berenberg; PT 110 Swiss francs
* Sunrise Cut to Hold After Liberty Global Offer: Berenberg
* Uniper Cut to Sell at SocGen; PT 22.50 euros (+)

>>> Initiation
* Siemens Gamesa Reinstated Hold at Berenberg; PT 23.50 euros
* Vestas Rated New Buy at Berenberg; PT 1,050 kroner

>>> Call
* BMW Cut to Hold, Results Were Not Fully Convincing: Metzler
* Carlsberg’s Cautious Outlook May Disappoint Initially: Jefferies
* Ceconomy’s Net Cash is Encouraging With In-Line 3Q Results: MS (+)
* Inter Parfums Upgraded to Buy at BWS on Better Demand Trends
* GVC’s FY Guidance Reinforces Top Pick Status, Berenberg Says (+)
* National Express Recovery Hopes Fade After Difficult 1H: Liberum (+)
* Thyssenkrupp Reworking Balance Sheet, Outlook to Weigh: Analysts (+)