>>> Europe : Brokers Upgrades & Downgrades - 13th of July 2020

>>> Up
* Aker BP Raised to Buy at Jefferies; PT 273 kroner
* Avon Rubber PT Raised to 4,200 pence at Peel Hunt
* Croda Raised to Buy at MainFirst; PT 6,000 pence
* Edenred Raised to Buy at HSBC; PT 49 euros
* EnQuest Raised to Buy at Jefferies; PT 17 pence
* Idorsia Raised to Buy at Bank Vontobel; PT 35 Swiss francs
* Intl Petroleum Raised to Buy at Jefferies; PT 21 kronor
* Jupiter Raised to Overweight at JPMorgan; PT 300 pence
* Legal & General Raised to Buy at BofA; PT 265 pence
* Lundin Energy Raised to Buy at Jefferies; PT 292 kronor
* Ryanair Raised to Overweight at JPMorgan; PT 15.30 euros
* Serica Raised to Buy at Jefferies; PT 149 pence
* Zalando Raised to Buy at Deutsche Bank; PT 84 euros (from €42)

>>> Down
* Aker Solutions Cut to Hold at Pareto Securities; PT 9 kroner
* Atrium Ljungberg Cut to Sell at ABG; PT 125 kronor
* EMS-Chemie Cut to Sell at MainFirst; PT 690 Swiss francs
* HelloFresh Cut to Neutral at JPMorgan; PT 42 euros
* Iliad Cut to Neutral at Bryan Garnier; PT 180 euros
* MTG Cut to Hold at SEB Equities; PT 117 kronor

>>> Initiation
* Fevertree Drinks Rated New Overweight at Barclays
* Roche Reinstated Outperform at Bernstein; PT 380 Swiss francs

>>> Call
* AkerBP, Lundin Raised to Buy at Jefferies Under Revised Analysis
* Europe’s Capital Goods Seen Surprising on the Upside in 2Q: MS
* Adecco, Randstad Good Ways to Play Early-Cycle Recovery: RBC