>>> Europe : Brokers Upgrades & Downgrades - 14th of April 2021

>>> Up
* Daily Mail Raised to Neutral at Citi
* Faurecia SE Raised to Buy at HSBC; PT 57 euros
* Galapagos Raised to Overweight at Barclays; PT 80 euros
* Glencore Raised to Buy at Goldman; PT 350 pence
* Restaurant Group Cut to Neutral at JPMorgan; PT 120 pence
* Sandvik Raised to Sector Perform at RBC; PT 210 kronor
* Total Raised to Overweight at JPMorgan; PT 51 euros
* Tryg Raised to Market Perform at KBW; PT 160 kroner
* Tullow Raised to Hold at HSBC; PT 43 pence

>>> Down
* Deutsche Beteiligungs AG Cut to Accumulate at SRC Research
* Merck KGaA Cut to Reduce at HSBC; PT 128 euros
* Telefonica Deutschland Cut to Underweight at Morgan Stanley

>>> Initiation
* Buzzi Unicem Rated New Buy at Berenberg; PT 28 euros
* Integrated Wind Solutions Rated New Buy at Fearnley
* Kingfish Rated New Buy at DNB Markets; PT 34 kroner
* STMicroelectronics Reinstated Buy at BofA; PT 41 euros

>>> Call
* Buzzi Unicem Initiated Buy at Berenberg on Longer-Term Value
* *EUROPE CONSUMER DISCRETIONARY RAISED TO OVERWEIGHT AT CITI
* *EUROPEAN FINANCIALS SECTOR RAISED TO OVERWEIGHT AT CITI
* LVMH ‘Smashes’ Consensus Forecasts, Good for Sector: Bernstein
* Telefonica Deutschland Cut on Wholesale Reliance: Morgan Stanley