>>> Europe : Brokers Upgrades & Downgrades - 14th of August 2019

>>> Up
* CompuGroup Upgraded to Hold at Baader Helvea; PT 52 Euros
* Europcar Upgraded to Buy at HSBC; PT 6.40 Euros
* Ferrari Upgraded to Buy at Goldman; PT $182
* Grupo Financiero Galicia ADRs Raised to Neutral at JPMorgan
* Hammerson Upgraded to Neutral at Kempen & Co; PT 2.30 Pounds
* Inwit Upgraded to Buy at New Street Research
* New Work SE Upgraded to Hold at Berenberg
* Saipem Upgraded to Buy at HSBC; PT 5.10 Euros

>>> Down
* Cellnex Downgraded to Reduce at New Street Research
* Hapag-Lloyd Cut to Reduce at Kepler Cheuvreux; PT 48 Euros
* OMV Downgraded to Neutral at Goldman; Price Target 62 Euros
* RBS Downgraded to Neutral at Macquarie; PT 2.01 Pounds
* Remedy Entertainment Cut to Hold at SEB Equities; PT 10.80 Euros
* Salzgitter Downgraded to Reduce at AlphaValue

>>> Initiation
* Learning Tech Rated New Outperform at Macquarie; PT 1.55 Pounds
* Liberbank Rated New Hold at Jefferies; PT 37 Cents
* Polypipe Reinstated at Deutsche Bank With Hold; PT 4.45 Pounds
* Unicaja Rated New Buy at Jefferies; PT 1.20 Euros

>>> Call
* Tod’s PT Cut at Jefferies on Inability to Attract New Customers
* New Work Raised to Hold Following Strong Sell-Off: Berenberg
* Unicaja a Buy on Capital Returns, Liberbank Hold, Jefferies Says