>>> Europe : Brokers Upgrades & Downgrades - 13th of December 2021 V2(+)

>>> Up
* Acea Raised to Buy at Intesa Sanpaolo; PT 22.20 euros (+)
* Ackermans Raised to Buy at Kepler Cheuvreux; PT 185 euros
* Austrian Post Raised to Hold at Berenberg
* Carlsberg Raised to Buy at Jyske Bank; PT 1,235 kroner (+)
* Carmila Raised to Outperform at Oddo BHF; PT 15.60 euros (+)
* eDreams ODIGEO Raised to Buy at Deutsche Bank; PT 10 euros
* Geox Raised to Buy at Intesa Sanpaolo; PT 1.41 euros (+)
* Hexpol Raised to Hold at Berenberg
* Hochschild Mining Raised to Overweight at JPMorgan; PT 200 pence
* Hugo Boss Raised to Outperform at Oddo BHF; PT 63 euros (+)
* 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
* SAP Raised to Buy at UBS; PT 147 euros (+)
* 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
* Prysmian Cut to Hold at SocGen; PT 36 euros (+)
* REN Cut to Underweight at Grupo Santander; PT 2.55 euros (+)
* 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
* DSV Resumed Buy at Nordea; PT 1,900 kroner (+)
* Faron Pharma Rated New Buy at Peel Hunt; PT 524 pence (+)
* 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
* Citi Sees Earnings Growth Supporting 9% Gains in Europe for 2022 (+)
* European Parcel Firms to Get Short-Term Omicron Boost: Berenberg (+)
* Favorable Macro to Support Industrial-Metals Miners: JPMorgan (+)
* 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