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

>>> Up
* Bakkavor Raised to Buy at HSBC; PT 150 pence
* Compass Raised to Buy at HSBC; PT 1,700 pence
* DBV Tech Raised to Buy at SocGen; PT 12 euros
* DBV Tech ADRs Raised to Buy at SocGen
* DSM Raised to Buy at ING; PT 206.80 euros
* Outokumpu Raised to Buy at Deutsche Bank; PT 7.50 euros
* Pandora Raised to Sector Perform at RBC; PT 930 kroner
* Remedy Entertainment Raised to Buy at Inderes; PT 50 euros
* SSAB Raised to Buy at Deutsche Bank; PT 60 kronor

>>> Down
* Bonheur Cut to Hold at SEB Equities; PT 321 kroner
* Itamar Medical ADRs Cut to Neutral at Alliance Global Partners
* JTC PLC Cut to Sector Perform at RBC; PT 830 pence
* Orsted Cut to Underperform at Jefferies; PT 780 kroner
* Sodexo Cut to Hold at HSBC; PT 80 euros
* Verbund Cut to Equal-Weight at Barclays; PT 98 euros

>>> Initiation
* Auto Trader Re-Initiated Buy at Liberum; PT 815 pence
* Corp Acciona Energias Renovables Rated New Outperform at RBC
* Flutter Rated New Overweight at Wells Fargo; PT 18,100 pence
* Moneysupermarket Re-Initiated Hold at Liberum; PT 260 pence
* Property Franchise Rated New Buy at Canaccord; PT 435 pence
* Rentokil Rated New Buy at William O'Neil
* Rightmove Re-Initiated Buy at Liberum; PT 820 pence

>>> Call
* German Property Weighed Down by Political Uncertainty: Berenberg
* Orsted Cut to Underperform by Jefferies on Capex Inflation Risk
* Pandora Upgraded at RBC on ‘Impressive’ New Mid-Term Targets
* Rightmove, Auto Trader Are Liberum Picks Among Online Platforms