>>> Europe : Brokers Upgrades & Downgrades - 15th of January 2021

>>> Up
* Faurecia SE Raised to Overweight at Morgan Stanley; PT 48 euros
* Helical Raised to Overweight at JPMorgan; PT 485 pence
* Mediolanum Raised to Buy at Goldman; PT 8.70 euros
* Richemont Raised to Outperform at Exane; PT 97 Swiss francs
* Richemont Raised to Buy at HSBC; PT 94 Swiss francs
* Savills Raised to Add at Peel Hunt; PT 1,050 pence
* Schoeller-Bleckmann Raised to Accumulate at Erste Group
* UBS Raised to Buy at Berenberg; PT 15.50 Swiss francs

>>> Down
* ABB Cut to Equal-Weight at Barclays; PT 25 Swiss francs
* Akasol Cut to Hold at Stifel; PT 113 euros
* Autoliv Cut to Underweight at Morgan Stanley; PT $80
* Bodycote Cut to Sector Perform at RBC; PT 770 pence
* Equinor Cut to Hold at SocGen
* FinecoBank Cut to Neutral at Goldman; PT 14.70 euros
* Galp Cut to Hold at SocGen
* Heineken Cut to Hold at Berenberg; PT 91.50 euros
* Hella Cut to Underweight at Morgan Stanley; PT 42 euros
* Reach Cut to Reduce at Peel Hunt; PT 180 pence
* Renault Cut to Neutral at Goldman; PT 38 euros
* Roche Cut to Hold at Deutsche Bank; PT 325 Swiss francs
* Shaftesbury Cut to Underweight at JPMorgan; PT 550 pence
* Shell Cut to Hold at SocGen
* UBS Raised to Buy at Berenberg as Premium Valuation Seen Merited
* Unicaja Cut to Underweight at Morgan Stanley; PT 70 euro cents
* Unite Group Cut to Neutral at JPMorgan; PT 950 pence
* Vesuvius Cut to Sector Perform at RBC; PT 550 pence
* Wood Cut to Equal-Weight at Barclays; PT 370 pence

>>> Initiation
* 7C Solarparken Rated New Buy at Stifel; PT 6 euros
* Airbnb Reinstated Hold at Truist Secs; PT $154
* AstraZeneca Reinstated Buy at Deutsche Bank; PT 10,000 pence
* Atoss Software Rated New Buy at Berenberg; PT 200 euros
* Chaarat Gold Rated New Buy at Panmure Gordon; PT 52 pence
* DoorDash Rated New Hold at Truist Secs; PT $190
* Glaxo Reinstated Hold at Deutsche Bank; PT 1,400 pence
* Novartis Reinstated Buy at Deutsche Bank; PT 100 Swiss francs
* Novo Nordisk Reinstated Buy at Deutsche Bank; PT 500 kroner
* Oerlikon Cut to Sector Perform at RBC; PT 9.30 Swiss francs
* Sanofi Reinstated Sell at Deutsche Bank; PT 70 euros
* Supermarket Income Rated New Buy at Peel Hunt; PT 125 pence

>>> Call
* DNB Stock ‘Susceptible’ to Downside Risks Short-Term, Citi Says
* European Beverage Sector Faces ‘New Normal’ From July: Berenberg