>>> Europe : Brokers Upgrades & Downgrades - 16th of March 2020 V2(+)

>>> Up
* Adecco Raised to Hold at Jefferies
* Ahold Delhaize Raised to Buy at Jefferies
* Air Liquide Raised to Buy at HSBC; PT 132 euros
* Ambu Raised to Hold at SEB Equities; PT 135 kroner
* Assa Abloy Raised to Equal-Weight at Morgan Stanley
* BASF Raised to Buy at HSBC; PT 54 euros
* Bodycote Raised to Buy at Stifel; PT 670 pence
* Bunzl Raised to Buy at Jefferies
* Cairn Energy Raised to Outperform at RBC; PT 120 pence
* Carrefour Raised to Buy at Jefferies
* Carrefour Raised to Neutral at JPMorgan; PT 16 euros
* Colruyt Raised to Hold at Jefferies
* Compass Raised to Buy at Jefferies
* Daimler Raised to Hold at Commerzbank; PT 28 euros (+)
* Draegerwerk PT Raised to 61 euros from 53 euros at M.M. Warburg
* Equinor Raised to Buy at SpareBank; PT 130 kroner (+)
* Enav Raised to Outperform at Mediobanca SpA (+)
* Galp Raised to Outperform at RBC; PT 14 euros
* Grieg Seafood Raised to Buy at Arctic Securities; PT 150 kroner
* Hays Raised to Buy at Jefferies
* HSBC Raised to Neutral at Citi
* Huber + Suhner Raised to Buy at Baader Helvea
* Juventus Raised to Buy at Banca IMI; PT 1.37 euros
* Knorr-Bremse Raised to Overweight at Morgan Stanley
* Kone Oyj Raised to Buy at Handelsbanken; PT 58 euros
* Linde Raised to Buy at HSBC; PT $199
* Lloyds Raised to Buy at HSBC; PT 48 pence
* Pagegroup Raised to Buy at Jefferies
* Porsche SE PT Cut to 44 euros from 60 euros at M.M. Warburg (+)
* Poste Italiane Raised to Buy at Citi
* Randstad Raised to Hold at Jefferies
* RBS Raised to Buy at HSBC; PT 180 pence
* RELX Raised to Overweight at Morgan Stanley; PT 2,000 pence
* Sainsbury Raised to Buy at Jefferies
* Sampo Raised to Buy at OP Corporate Bank; PT 33 euros (+)
* Shell Raised to Outperform at RBC; PT 1,700 pence
* Sodexo Raised to Buy at Jefferies
* Standard Chartered Raised to Buy at Citi
* Telia Raised to Buy at ABG; PT 42 kronor
* Terna Raised to Buy at SocGen; PT 6.50 euros
* TOMRA Systems ASA Raised to Hold at SEB Equities; PT 265 kroner
* Verbund Raised to Hold at Raiffeisen Centrobank; PT 38 euros
* Virgin Money UK Raised to Buy at HSBC; PT 160 pence

>>> Down
* Accor Cut to Hold at SocGen; PT 26.70 euros (+)
* Arkema Cut to Add at AlphaValue
* Akasol Cut to Hold at Hauck & Aufhaeuser; PT 27 euros ()
* Aker BP Raised to Outperform at RBC; PT 190 kroner
* Atlas Copco Cut to Reduce at AlphaValue
* Autogrill Cut to Neutral at Mediobanca SpA (+)
* B&S Group Cut to Hold at Deutsche Bank; PT 8 euros
* BP Cut to Underperform at RBC; PT 275 pence
* Bureau Veritas PT Cut to 22 euros at Deutsche Bank
* Covestro Cut to Add at AlphaValue
* Eni Cut to Underperform at RBC; PT 6 euros
* Eurocommercial GDRs Cut to Hold at Berenberg; PT 23 euros
* Euromoney PT Cut to 820 pence from 1,200 pence at Berenberg
* Fraport Cut to Reduce at AlphaValue
* Intertek PT Cut to 5,100 pence at Deutsche Bank
* Jenoptik Cut to Reduce at Commerzbank; PT 16 euros (+)
* JCDecaux Cut to Add at AlphaValue
* K+S Cut to Add at AlphaValue
* Lanxess Cut to Add at AlphaValue
* Lundin Petroleum Cut to Sector Perform at RBC; PT 130 kronor
* NIBC Cut to Neutral at Citi
* OKEA Cut to Hold at SEB Equities; PT 8.50 kroner
* Safran Cut to Neutral at JPMorgan; PT 95 euros
* Schroders PT Cut to 2,620 pence from 3,510 pence at Berenberg
* Solvay Cut to Add at AlphaValue
* SGS Cut to Underperform at Jefferies
* SGS PT Cut to 2,300 Swiss francs at Deutsche Bank
* SSAB Cut to Add at AlphaValue
* Swedbank Raised to Buy at SocGen; PT 145 kronor
* Technotrans Cut to Reduce at Commerzbank; PT 11.50 euros
* TUI Cut to Sell at Citi; PT 260 pence (+)
* TUI Cut to Reduce at Commerzbank; PT 271.31 pence (+)
* Tullow Cut to Underperform at RBC; PT 20 pence
* Wacker Chemie Cut to Reduce at AlphaValue
* Weir Cut to Equal-Weight at Morgan Stanley; PT 1,350 pence

>>> Initiation


>>> Call