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

>>> 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
* Vonovia Cut to Hold at DZ Bank; PT 57.40 euros (+)
* Wacker Chemie Cut to Hold at M.M. Warburg; PT 166 euros (+)

>>> Initiation
* Akastor Reinstated Buy at Fearnley; PT 9 kroner (+)
* 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
* Spartoo SAS Rated New Outperform at Oddo BHF; PT 9.50 euros (+)
* UBS Group Rated New Hold at Octavian; PT 17 Swiss francs (+)

>>> Call
* Deliveroo’s Amazon Partnership Marks ‘Step Change’: Jefferies (+)
* Deutsche Bank and Citi Still Very Bullish on Steel Stocks (+)
* German Property Weighed Down by Political Uncertainty: Berenberg
* Inditex Earnings Strong, Online Growth Boosts Gross Margin: RBC (+)
* 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
* Spanish Utilities’ Regulatory Risk Taken to ‘New Level’: Citi (+)