>>> Europe : Brokers Upgrades & Downgrades - 15th of July 2022 V2(+)

>>> Up
* Almirall Raised to Buy at JB Capital Markets; PT 15.20 euros (+)
* Novo Nordisk Raised to Overweight at Morgan Stanley
* Nyfosa Raised to Hold at SEB Equities; PT 90 kronor
* SEB Raised to Buy at Arctic Securities; PT 118 kronor
* Standard Chartered Raised to Buy at Investec; PT 610 pence
* Uniper Raised to Neutral at Goldman; PT 10 euros

>>> Down
* Admiral Cut to Underweight at JPMorgan; PT 1,750 pence
* Chemring Group Cut to Underweight at Barclays; PT 336 pence
* Cognor Holding SA Cut to Sell at Erste Group; PT 3.13 zloty
* Direct Line Cut to Neutral at JPMorgan; PT 240 pence
* EasyJet Cut to Underweight at JPMorgan; PT 310 pence
* Eurobank Cut to Neutral at Goldman; PT 92 euro cents
* HMS Networks Cut to Hold at Nordea
* SBB Cut to Hold at Nordea
* Senior Raised to Overweight at Barclays; PT 183 pence
* Wizz Air Cut to Reduce at HSBC; PT 1,350 pence

>>> Initation
* Abcam Maintained at Hold at Panmure Gordon
* Bawag Rated New Buy at Deutsche Bank; PT 73 euros
* Darktrace Rated New Buy at Stifel; PT 570 pence
* Dassault Aviation Reinstated Neutral at JPMorgan; PT 162 euros
* Exclusive Networks Rated New Buy at Stifel; PT 21.50 euros
* Siemens Energy Resumed Neutral at Citi; PT 16 euros
* Siemens Gamesa Resumed Neutral at Citi; PT 18.05 euros
* WithSecure Rated New Hold at Stifel; PT 2.60 euros

>>> Call
* Deutsche Telekom May Sell German Towers Only, Jefferies Says
* Direct Line Upgraded at Berenberg as Stock ‘Too Cheap to Ignore’
* Handelsbanken Miss Driven by Trading; NII Holds Up, Citi Says (+)
* Munters Sales Growth Not Translating Into Profits: Jefferies (+)
* Novo Nordisk Raised at MS on Blockbuster Obesity Opportunity
* Partners Group Update ‘Mixed,’ Citi Expects Negative Reaction (+)
* Rio Tinto Drops After Outlook Warning; RBC Sees 2Q Output Miss
* Voestalpine Earnings Beat, Though Analysts Note Backward-Looking