>>> Europe : Brokers Upgrades & Downgrades - 16th of December 2021

>>> Up
* Carl Zeiss Meditec Raised to Hold at HSBC; PT 184 euros
* CFE Raised to Buy at Berenberg; PT 130 euros
* Euronext Raised to Buy at HSBC; PT 104 euros
* Pirelli Raised to Add at AlphaValue/Baader
* Sodexo Raised to Sector Perform at RBC; PT 84 euros
* Solaria Energia Raised to Sector Perform at RBC; PT 18 euros

>>> Down
* abrdn plc Cut to Hold at Deutsche Bank; PT 275 pence
* NOS Cut to Underweight at Morgan Stanley; PT 3 euros

>>> Initiation
* Aalberts Rated New Buy at Berenberg; PT 80 euros
* Allfunds Rated New Buy at Jefferies; PT 19 euros
* Bahnhof Rated New Buy at Handelsbanken; PT 42 kronor
* BioNTech ADRs Rated New Equal-Weight at Morgan Stanley; PT $294
* Ceres Power Rated New Outperform at Credit Suisse
* Cordiant Digital Infrastructure/Fund Rated New Hold at Jefferies
* Digital 9 Infrastructure/Fund Rated New Hold at Jefferies
* EDP Renovaveis Rated New Neutral at Credit Suisse; PT 22 euros
* Ferguson Rated New Outperform at Baird; PT 15,137.75 pence
* ITM Power Rated New Underperform at Credit Suisse; PT 340 pence
* Lululemon Reinstated Hold at Truist Secs; PT $435
* Nel Rated New Neutral at Credit Suisse; PT 19.30 kroner
* Nike Rated New Buy at Truist Secs; PT $190
* Pfeiffer Vacuum Rated New Hold at Stifel; PT 207 euros
* Ralph Lauren Rated New Buy at Truist Secs; PT $141
* Solaria Energia Rated New Outperform at Credit Suisse
* Tobii Dynavox Re-Initiated Buy at Handelsbanken; PT 40 kronor
* Under Armour Reinstated Hold at Truist Secs; PT $24

>>> Call
* CFE Has Clean Sweep of Buys as Berenberg Raises on Planned Split