>>> Europe : Brokers Upgrades & Downgrades - 17th of February 2020 V2(+)

>>> Up
* Electrocomponents Raised to Buy at HSBC; PT 800 pence
* Endesa Raised to Sector Perform at RBC; PT 25.50 euros
* Latour Raised to Hold at Handelsbanken; PT 170 kronor
* Linde PT Raised to 235 euros from 220 euros at Deutsche Bank
* Nexi PT Raised to 20 euros from 13.70 euros at Citi (+)
* TietoEVRY Raised to Accumulate at OP Corporate Bank (+)

>>> Down
* Avast Cut to Reduce at Erste Group; PT 427.34 pence (+)
* Deutsche Industrie REIT Cut to Add at Baader Helvea
* Fagron Cut to Hold at ABN Amro Bank; PT 21 euros
* Fjordkraft Cut to Hold at Pareto Securities; PT 82 kroner
* IMI Cut to Underperform at Credit Suisse; PT 950 pence
* Imperial Brands PT Cut to 2,400 pence at Deutsche Bank
* Meggitt Cut to Neutral at Citi; PT 730 pence
* NIBC Cut to Hold at ING; PT 9.85 euros
* Novartis Cut to Neutral at Citi
* RBS PT Cut to 200 pence from 230 pence at RBC (+)
* Renault PT Cut at Deutsche Bank on Lower Estimates, Payout (+)
* Retail Estates Cut to Hold at KBC Securities (+)
* Roche Raised to Buy at Citi
* Yandex Cut to Equal-Weight at Morgan Stanley; PT $48

>>> Initiation16
* AddNode Rated New Buy at Handelsbanken; PT 250 kronor

>>> Call
* Amazon Isn’t an Imminent Risk to Zalando, Bernstein Says
* BAE Estimates Unaffected by U.S. Army Budget Proposal, MS Says
* Eutelsat Low Valuation ‘Starting to Look Silly,’ Berenberg Says (+)
* Testing Firms Face Material Coronavirus Headwind, Berenberg Says
* Jupiter’s Potential Merian Deal Seen EPS Accretive: Jefferies
* Kering’s Investment Case is Intact, Citi Says; PT Raised (+)
* Novartis Cut as Citi Sees Limited Near-Term Upside to Forecasts (+)
* Roche’s Pipeline Drivers Underestimated, Upgrade to Buy: Citi