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

>>> Up
* Connect Group Raised to Buy at Berenberg; PT 27 pence (+)
* DWF Group Raised to Buy at Shore Capital (+)
* Essity Raised to Hold at DNB Markets; PT 295 kronor
* Ferrovial Raised to Neutral at CaixaBank BPI; PT 26.30 euros
* G4S Raised to Buy at Deutsche Bank
* Hexagon Raised to Hold at Handelsbanken; PT 615 kronor
* IMI Raised to Outperform at RBC; PT 1,140 pence
* Morgan Advanced Raised to Sector Perform at RBC; PT 275 pence
* Nordic Semiconductor Raised to Buy at Danske Bank Markets (+)
* Orkla Raised to Hold at SEB Equities; PT 80 kroner
* Recipharm Raised to Buy at Handelsbanken; PT 151 kronor
* Restaurant Group Raised to Outperform at RBC; PT 80 pence
* Scor Raised to Equal-Weight at Morgan Stanley; PT 30 euros
* SKF Raised to Buy at Goldman; PT 214 kronor

>>> Down
* *CENTAMIN CUT TO HOLD VS BUY AT BERENBERG, PT 200P
* Henkel Cut to Hold at Bankhaus Metzler; PT 86 eurosv (+)
* Primary Health Cut to Hold at Berenberg; PT 155 pence
* QinetiQ Cut to Underperform at BofA (+)
* Rotork Cut to Underperform at RBC; PT 275 pence
* Sinch Cut to Sell at Danske Bank Markets; PT 700 kronor (+)
* Thales Cut to Neutral at BofA (+)
* Thule Cut to Hold at SEB Equities; PT 250 kronor
* Wartsila Cut to Sector Perform at RBC; PT 7.50 euros

>>> Initiation
* HSBC Holdings Resumed Sell at Deutsche Bank; PT 335 pence
* Lloyds Resumed Hold at Deutsche Bank; PT 34 pence
* RBS Resumed Sell at Deutsche Bank; PT 100 pence
* Standard Chartered Resumed Hold at Deutsche Bank; PT 415 pence
* Virgin Money UK Resumed Buy at Deutsche Bank; PT 105 pence

>>> Call
* Europe 2Q Results to Show Good Beat on Low Expectations: MS (+)
* Restaurant Group Raised at RBC After Accelerated Restructuring
* RBC Says Be Selective on European Industrials, Upgrades IMI
* Ocado 1H Ebitda Beat Driven by Retail Strength: Numis (+)
* Partners Update Encouraging, Assets Under Management Beat: Citi (+)
* Reinsurance Pricing Momentum to Continue, Scor Upgraded: MS
* QinetiQ, Thales Both Downgraded at BofA on Defense-Budget Risk
* Swatch Costs Seem Well Managed Amid Tough 1H: RBC (+)