>>> Europe : Brokers Upgrades & Downgrades - 16th of May 2022 V2(+)

>>> Up
* Barclays PT Raised to 316 pence from 269 pence at Jefferies
* Benchmark Holdings Raised to Buy at HSBC; PT 60 pence
* Carl Zeiss Meditec Raised to Buy at HSBC; PT 149 euros
* GFT Raised to Buy at Berenberg; PT 48 euros
* Hyatt Raised to Hold at Berenberg; PT $85
* Inter Parfums Raised at Citi on Valuation, Favorable Tailwinds
* Interpump Raised to Buy at Banca Akros (ESN); PT 57 euros (+)
* MARR SpA Raised to Accumulate at Banca Akros (ESN); PT 17 euros (+)
* Phoenix Group Raised to Buy at Goldman; PT 857 pence
* Reply Raised to Buy at Banca Akros (ESN); PT 157 euros (+)
* Sartorius Raised to Buy at UBS (+)

>>> Down
* Atlas Copco Cut to Reduce at AlphaValue/Baader
* Aviva Cut to Neutral at Goldman; PT 500 pence
* Boohoo Cut to Neutral at Credit Suisse; PT 80 pence (+)
* Glenveagh Cut to Reduce at Numis; PT 80 euro cents
* Michelin Cut to Neutral at JPMorgan; PT 140 euros
* MorphoSys Cut to Neutral at Kempen & Co; PT 25 euros (+)
* Quantafuel Cut to Sell at Nordea; PT 9 kroner (+)

>>> Initiation
* Genovis Rated New Buy at Nordea; PT 75 kronor (+)
* Prudential Rated New Buy at Orient Finance

>>> Call
* Casino GreenYellow Sale Not an Outright Positive: Bryan Garnier (+)
* Goldman Raises Europe 2022 Profit Forecast on Stronger Growth (+)
* GFT Upgraded to Buy at Berenberg as Better Outlook Surprises
* Hyatt Loses Only Sell as Berenberg Upgrades on Improving Outlook
* JPM Strategists See Equities Recovering on Peak Fed Hawkishness (+)
* Kainos Down to Hold at Berenberg on Risk to Margins From Costs