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

>>> Up
* Admiral Raised to Buy at Berenberg; PT 3,245 pence
* CMC Markets Raised to Buy at Jefferies; PT 330 pence
* Computacenter PT Raised to 3,600 pence at Berenberg
* Digia Raised to Buy at Carnegie; PT 8.10 euros
* EDP Raised to Buy at HSBC; PT 5.40 euros
* Enel Raised to Hold at Jefferies; PT 7 euros
* Engie PT Raised to 18 euros from 17 euros at Morgan Stanley
* Fortum Raised to Hold at Kepler Cheuvreux; PT 25 euros
* Hufvudstaden Raised to Buy at SEB Equities; PT 165 kronor
* Remy Cointreau Raised to Overweight at Barclays; PT 234 euros

>>> Down
* Alfen Cut to Hold at Berenberg; PT 85 euros
* Auto Trader Cut to Add at Peel Hunt; PT 800 pence
* B&M European Cut to Underperform at RBC; PT 575 pence
* B&M European Cut to Sell at Goldman; PT 580 pence
* Direct Line Cut to Hold at Berenberg; PT 295 pence
* EasyJet Cut to Reduce at Kepler Cheuvreux; PT 460 pence
* Hensoldt Cut to Neutral at JPMorgan; PT 16.50 euros
* Telecom Italia Cut to Hold at Deutsche Bank; PT 43 euro cents

>>> Initiation
* Agilyx Rated New Buy at Nordea; PT 70 kroner
* Bytes Technology Rated New Buy at Berenberg; PT 650 pence
* TUI Reinstated Hold at HSBC; PT 2.70 euros

>>> Call
* Alfen Loses Only Buy as Berenberg Sees Lack of Near-Term Upside
* Direct Line Cut, Admiral Raised as Berenberg Switches Preference
* Morgan Stanley Stays Cautious on China, EM Equities, Likes Japan
* Wood Strategic Review Can Unlock Huge Value, Up to Buy at Citi