>>> Europe : Brokers Upgrades & Downgrades - 17th of December 20

>>> Up
*AMADEUS RAISED TO OVERWEIGHT AT MORGAN STANLEY
*ASOS RAISED TO BUY VS HOLD AT PEEL HUNT
*BWIN.PARTY UPGRADED TO BUY FROM HOLD AT GOODBODY
*DOMINO’S PIZZA RAISED TO BUY VS HOLD AT BERENBERG
*GFK RAISED TO BUY VS HOLD AT BANKHAUS LAMPE
*HELLA RAISED TO BUY, GKN REINSTATED AT BUY AT GOLDMAN (Note attached)
*ISRAEL CHEMICALS RAISED TO NEUTRAL VS SELL AT GOLDMAN
*MAN GROUP RAISED TO OUTPERFORM AT MACQUARIE
*UBS RAISED TO HOLD VS SELL AT BANKHAUS LAMPE
*SWISS RE RAISED TO BUY VS HOLD AT JEFFERIES
*WACKER CHEMIE RAISED TO EQUALWEIGHT AT MORGAN STANLEY
*X5 RETAIL RAISED TO BUY VS HOLD AT HSBC

>>> Down
*ARCADIS CUT TO HOLD VS BUY AT ING; PT REDUCED TO EU21 VS EU28
*COLOPLAST CUT TO NEUTRAL VS BUY AT BOFA
*ERG CUT TO NEUTRAL VS BUY AT CITI
*ETALON CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*H&M CUT TO SELL VS HOLD AT SOCGEN
*KUMBA IRON ORE CUT TO SELL VS NEUTRAL AT GOLDMAN
*LSR CUT TO NEUTRAL VS OUTPERFORM AT CREDIT SUISSE
*MMK CUT TO SELL VS BUY AT GOLDMAN
*PETS AT HOME CUT TO HOLD VS BUY AT BERENBERG
*RWE CUT TO UNDERPERFORM AT RBC CAPITAL
*SEVERSTAL CUT TO SELL VS NEUTRAL AT GOLDMAN (YESTERDAY)

>>> PT Change


>>> Initiation
*AL NOOR HOSPITALS RATED HOLD AT HSBC; WAS RESTRICTED
*CAPITA REINSTATED BUY AT DEUTSCHE BANK, PT 1270P
*CAPITAL STAGE AG RATED NEW REDUCE AT ODDO
*GVC RATED NEW BUY AT GOODBODY
*GYM GROUP RATED NEW OVERWEIGHT AT BARCLAYS, PT 237P
*HALDEX RATED NEW BUY AT NORDEA
*MCCARTHY & STONE RATED NEW NEUTRAL AT GOLDMAN; PT 272P
*SMA SOLAR TECHNOLOGY RATED NEW NEUTRAL AT ODDO

>>> Call
>> Stock
*MARKS & SPENCER EXITS HSBC EUROPE SUPER 10 PORTFOLIO
*METRO ADDED TO HSBC EUROPE SUPER 10 PORTFOLIO