>>> Europe : brokers Upgrades & Downgrades - 16th of October 2020 V2(+)

>>> Up
* Alma Media Raised to Hold at SEB Equities; PT 7.70 euros
* Atos Raised to Buy at Invest Securities SA; PT 80 euros (+)
* Atrium Ljungberg Raised to Buy at Carnegie; PT 185 kronor
* Continental AG Raised to Buy at HSBC; PT 120 euros
* Dixons Carphone Raised to Sector Perform at RBC; PT 100 pence
* Equinor Raised to Hold at Handelsbanken; PT 140 kroner
* Fiskars Raised to Hold at Carnegie; PT 12 euros
* GVC PT Raised to 1,450 pence from 1,250 pence at Jefferies
* Hochschild Mining Raised to Buy at Panmure Gordon; PT 366 pence
* Infineon PT Raised to 35 euros from 27 euros at Liberum
* JD Sports Raised to Sector Perform at RBC; PT 825 pence
* Just Eat Takeaway Raised to Buy at HSBC; PT 130 euros
* Krones Raised to Buy at M.M. Warburg; PT 82 euros (+)
* LVMH PT Raised to 500 euros from 465 euros at Morgan Stanley
* Norsk Hydro Raised to Equal-Weight at Morgan Stanley
* Semperit Raised to Accumulate at Erste Group; PT 26.50 euros
* UPM-Kymmene Raised to Buy at SEB Equities; PT 30 euros
* Vetoquinol Cut to Hold at Portzamparc; PT 84 euros (+)
* Whitbread Raised to Buy at Berenberg; PT 2,500 pence

>>> Down
* Castellum Cut to Sell at Handelsbanken; PT 185 kronor
* Cineworld Cut to Hold at HSBC; PT 25 pence
* Lyko Cut to Sell at ABG; PT 335 kronor
* Mycronic Cut to Sell at Handelsbanken; PT 185 kronor
* Saint-Gobain Cut to Neutral at Goldman; PT 39 euros
* SCA Cut to Sell at Handelsbanken; PT 110 kronor
* SSAB Cut to Underweight at JPMorgan; PT 29 kronor

>>> Initiation
* Essity Rated New Hold at Berenberg; PT 335 kronor
* EUROB GA Reinstated Equal-Weight at Morgan Stanley
* National Bank of Greece Reinstated Overweight at Morgan Stanley
* Natixis Rated New Outperform at RBC; PT 2.70 euros
* Panoro Energy Rated New Buy at Carnegie; PT 17 kroner
* Oht Rated New Buy at Arctic Securities; PT 32 kroner
* SBB Rated New Neutral at Goldman; PT 31 kronor
* Telecom Italia Rated New Hold at MainFirst; PT 38 euro cents

>>> Call
* GVC Target Raised to Street High at Jefferies on U.S. Prospects (+)
* Natixis Has Levers to Improve Returns, Initiate Outperform: RBC
* Norsk Hydro Risk/Reward Seen Improving, Raised at Morgan Stanley (+)
* Serco Estimates, Shares to Rise on Guidance Boost: Jefferies (+)
* U.K. Retail’s Pandemic Trends Will Accelerate in Near Term: RBC
* VAT Momentum ‘Clearly Softening’ and Valuation Unattractive: RBC (+)
* Whitbread’s Real Estate Underpins Value, Berenberg Raises to Buy