>>> Europe : Brokers Upgrades & Downgrades - 16th March 2022

>>> Up
* ABN AMRO GDRs Raised to Buy at HSBC; PT 14 euros
* Ahold Delhaize Raised to Buy at Kepler Cheuvreux; PT 32.60 euros
* Atlas Copco Raised to Hold at Jefferies; PT 520 kronor
* Close Brothers Raised to Buy at Shore Capital; PT 1,380 pence
* Lenzing Raised to Hold at Wiener Privatbank; PT 102.70 euros
* NN Raised to Buy at Deutsche Bank; PT 48 euros
* On The Beach Raised to Hold at Jefferies; PT 240 pence

>>> Down
* Credit Agricole Cut to Hold at HSBC; PT 11 euros
* Delivery Hero Cut to Neutral at JPMorgan; PT 53.20 euros
* Solwers Cut to Reduce at Inderes; PT 7 euros

>>> Initiation
* Carl Zeiss Meditec Rated New Buy at UBS
* Devolver Digital Rated New Hold at Berenberg; PT 180 pence
* Fresenius SE Rated New Buy at UBS
* Fresenius Medical Care Rated New Buy at UBS
* Smith & Nephew Rated New Outperform at RBC
* TLEP LN Rated New Corporate at Shore Capital

>>> Call
* Bernstein Lifts Memory-Chip Sector to Outperform on Valuations
* EON Sees ‘Valuation Risk’ in Nord Stream Stake: Annual Report