>>> Europe : Brokers Upgrades & Downgrades - 15th of March 2022

>>> Up
* Aryzta Raised to Buy at Baader Helvea; PT 1.30 Swiss francs
* Danske Bank Raised to Hold at Nordea
* Deutsche Boerse Raised to Outperform at Exane; PT 180 euros
* EssilorLuxottica Raised to Hold at SocGen; PT 179 euros
* Mosaic Raised to Buy at Goldman; PT $83
* Repsol Raised to Reduce at AlphaValue/Baader
* Shelf Drilling Raised to Buy at SpareBank; PT 12 kroner
* SUSE Raised to Buy at Jefferies; PT 31 euros
* Swedbank Raised to Neutral at Goldman; PT 169 kronor
* Unibail Raised to Buy at SocGen; PT 71 euros
* Zalando Raised to Neutral at Exane; PT 52 euros

>>> Down
* AB Foods Cut to Neutral at Exane; PT 2,050 pence
* Aperam Cut to Neutral at Exane; PT 56 euros
* Ashmore PT Cut to 200 pence from 250 pence at Berenberg
* Asos Cut to Underperform at Exane; PT 1,900 pence
* Bank of Ireland Cut to Sell at AlphaValue/Baader
* BCP Cut to Add at AlphaValue/Baader
* Boozt Cut to Sell at Nordea; PT 130 kronor
* Coupa Software Cut to Neutral at Piper Sandler; PT $70
* Currys Cut to Underperform at Exane; PT 85 pence
* HeidelbergCement Cut to Equal-Weight at Morgan Stanley
* Sabadell Cut to Reduce at AlphaValue/Baader

>>> Initiation


>>> Call
* Ashmore PT Cut to Street-Low at Berenberg on Further Downside
* Builders’ Guidance at Risk on Energy Costs, Morgan Stanley Says
* Nokia Rises as Raymond James Upgrades on Market Opportunity
* SUSE Growth Set to Accelerate, Jefferies Upgrades on Sell-Off