>>> Europe : Brokers Upgrades & Downgrades - 15th of January 2021 V2(+)

>>> Up
* Alcon Raised to Hold at Bank Vontobel; PT 67 Swiss francs (+)
* Faurecia SE Raised to Overweight at Morgan Stanley; PT 48 euros
* Helical Raised to Overweight at JPMorgan; PT 485 pence
* Legrand PT Raised to 86 euros from 81 euros at Barclays (+)
* Mediolanum Raised to Buy at Goldman; PT 8.70 euros
* Melexis Raised to Buy at KBC Securities; PT 105 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
* Schneider Electric PT Raised to 135 euros at Barclays (+)
* Schoeller-Bleckmann Raised to Accumulate at Erste Group
* UBS Raised to Buy at Berenberg; PT 15.50 Swiss francs
* X-Fab Silicon Foundries Raised to Buy at KBC Securities (+)

>>> 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
* Boozt Cut to Hold at Danske Bank Markets; PT 192 kronor (+)
* Draegerwerk Cut to Hold at M.M. Warburg; PT 75 euros (+)
* 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
* Medicover Cut to Hold at Danske Bank Markets; PT 169 kronor (+)
* 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
* Yara Cut to Underperform at Credit Suisse; PT 350 kroner (+)

>>> 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
* Coca-Cola HBC Cut to Sell at SocGen; PT 2,140 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
* Ashmore’s Update May Drive Upgrades, Valuation ‘Lofty’: Shore (+)
* Babcock Estimates Cut as Lockdowns to Hit Trading: Jefferies (+)
* DNB Stock ‘Susceptible’ to Downside Risks Short-Term, Citi Says
* European Beverage Sector Faces ‘New Normal’ From July: Berenberg
* Faurecia Raised at Morgan Stanley as ‘Underperformance Overdone’ (+)
* Meggitt ‘Acquitted Itself Well’ in FCF, Inventory: Jefferies (+)
* N Brown’s Update Shows ‘Constrained’ Performance: Shore (+)
* Partners Group AUM Figures a Beat, Pipeline Is Strong: Citi
* Remy Cointreau U.S. Tariff Risk May Be Overdone, Jefferies Says (+)
* Sandvik Estimates, Price Target Raised at Handelsbanken (+)
* Unicaja Cut at Morgan Stanley as Santander Remains Top Pick (+)
* Westwing Has Strong Base for Growth Going Forward, Citi Says (+)