>>> Europe : Brokers Upgrades & Downgrades - 13th of December 2021

>>> Up
* Ackermans Raised to Buy at Kepler Cheuvreux; PT 185 euros
* Austrian Post Raised to Hold at Berenberg
* eDreams ODIGEO Raised to Buy at Deutsche Bank; PT 10 euros
* Hexpol Raised to Hold at Berenberg
* Hochschild Mining Raised to Overweight at JPMorgan; PT 200 pence
* Mercialys Raised to Buy at Goldman; PT 10.70 euros
* NN Raised to Overweight at Barclays; PT 55 euros
* Royal Mail Raised to Buy at Berenberg
* Spectris Raised to Buy at HSBC; PT 4,680 pence
* WPP Raised to Buy at HSBC; PT 1,300 pence

>>> Down
* Arkema Cut to Underweight at Morgan Stanley; PT 102 euros
* Bpost Cut to Hold at Berenberg
* Kojamo Cut to Neutral at Goldman; PT 23 euros
* Phoenix Group Cut to Equal-Weight at Morgan Stanley
* Solvay Cut to Equal-Weight at Morgan Stanley; PT 111 euros
* Supermarket Income Cut to Neutral at Goldman; PT 142 pence
* Umicore Cut to Neutral at Goldman; PT 38 euros
* Wizz Air Cut to Reduce at HSBC; PT 3,634 pence

>>> Initiation
* Daimler Truck Holding Rated New Overweight at JPMorgan
* Daimler Truck Holding Rated New Buy at Goldman; PT 40 euros
* Daimler Truck Holding Rated New Buy at Citi; PT 40 euros
* Daimler Truck Holding Rated New Outperform at Exane; PT 42 euros
* Logitech Rated New Buy at Deutsche Bank; PT 92 Swiss francs
* Noratis Rated New Buy at Pareto Securities; PT 26 euros
* Scout24 SE Rated New Buy at Berenberg; PT 70 euros
* Vifor Pharma Rated New Equal-Weight at Morgan Stanley
* Vitesco Rated New Buy at Jefferies; PT 88 euros
* WANdisco Rated New Buy at Panmure Gordon; PT 470 pence

>>> Call
* HSBC Cuts Wizz Air to Reduce on Rising Competition With Ryanair
* Spectris Raised to Buy on Development-Spending Outlook: HSBC
* WPP Growth Prospects Not Priced In, HSBC Raises Stock to Buy