>>> Europe : Brokers Upgrades & Downgrades - 14th of December 2020 V2(+)

>>> Up
* Adevinta Raised to Buy at SEB Equities; PT 160 kroner
* BASF Raised to Outperform at Credit Suisse; PT 73 euros
* CNH Industrial PT Raised to 12.50 euros at Banca Akros (ESN) (+)
* EasyJet Raised to Reduce at AlphaValue
* Fiat Chrysler Raised to Buy at Stifel; PT $20.28
* Hammerson Raised to Hold at Peel Hunt (+)
* Heineken PT Raised to 105 euros from 95 euros at Jefferies
* K+S Raised to Add at AlphaValue
* Vilmorin Raised to Buy at Gilbert Dupont; PT 60.60 euros (+)
* Volution PT Raised to 315 pence from 240 pence at Berenberg

>>> Down
* British Land Cut to Hold at Peel Hunt; PT 500 pence (+)
* NewRiver Cut to Reduce at Peel Hunt (+)
* Proximus Cut to Underweight at Morgan Stanley; PT 19 euros
* Shaftesbury Cut to Hold at Peel Hunt (+)
* Unite Group Cut to Hold at Peel Hunt (+)
* Valora Cut to Reduce at Baader Helvea; PT 155 Swiss francs

>>> Initiation
* Aena Rated New Hold at SocGen; PT 145 euros
* Anexo Rated New Buy at Panmure Gordon; PT 195 pence
* Hapag-Lloyd Assumed Equal-Weight at Morgan Stanley; PT 80 euros
* Kahoot! Rated New Buy at Goldman; PT 847.60 kroner (+)
* PureTech Health PLC ADRs Rated New Buy at Jefferies; PT $63
* Semperit Reinstated Buy at HSBC; PT 33 euros

>>> Call
* Container Shipping Momentum to Continue, Maersk Preferred: MS (+)
* Hammerson Upgraded, British Land and Shaftesbury Cut: Peel Hunt (+)
* Proximus Cut on Cash Flow Outlook, Valuation: Morgan Stanley
* Valora Demand Hit by Lockdowns, Recovery Seen Delayed: Baader