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

>>> Up
* Atlas Copco Raised to Buy at BofA (+)
* Glanbia PT Raised to 12.50 euros at Morgan Stanley
* Hermes PT Raised to 540 Euros from 480 Euros at JPM (Still Underweight) (+)
* Hill & Smith Raised to Buy at Investec; PT 1,410 pence (+)
* JM Raised to Hold at Handelsbanken; PT 220 kronor
* Pandora Raised to Buy at HSBC; PT 480 kroner
* Prosus Raised to Buy at HSBC; PT 93 euros
* Recordati Raised to Buy at Goldman; PT 51.80 euros
* RWE Raised to Buy at HSBC; PT 37 euros
* Titan Cement International Raised to Neutral at Exane
* UCB Raised to Reduce at AlphaValue
* WPP Raised to Buy at Goldman; PT 800 pence

>>> Down
* BBGI SICAV Cut to Hold at Stifel (+)
* BNP Paribas Cut to Sell at SocGen; PT 30 euros
* Continental AG Cut to Hold at LBBW; PT 90 euros
* Demant Cut to Hold at Berenberg; PT 190 kroner
* Intl Public Partnerships Cut to Hold at Stifel (+)
* Kemira Oyj Cut to Hold at Nordea (+)
* Lindt & Spruengli Cut to Sell at MainFirst
* Pharma Mar Cut to Neutral at JB Capital Markets; PT 8.10 euros
* Neste Cut to Hold at Handelsbanken; PT 36 euros
* Software AG Cut to Add at Baader Helvea; PT 36.50 euros
* Workspace Cut to Hold at Panmure Gordon; PT 763 pence (+)

>>> Initiation
* AB InBev Rated New Hold at Renaissance Capital
* Citi Resumes Clariant at Neutral as Strategy Track Needs Clarity (+)
* Keywords Studios Rated New Buy at Shore Capital (+)
* Kingspan Rated New Buy at SocGen; PT 63 euros
* Rockwool Rated New Sell at SocGen; PT 1,500 kroner
* Ubisoft Rated New Buy at Stifel; PT 80 euros
* Vontobel Resumed Market Perform at ZKB (+)

>>> Call
* Further Rotation Into Value and Cyclicals Is Warranted: Barclays (+)
* Boohoo 1Q Sales Beat Estimates, Outlook Conservative: Jefferies (+)
* Demant Now Priced More Fairly After Share Rally: Berenberg
* Getinge Set for ‘Reasonable Growth’ in 2Q, Berenberg Says (+)
* Hugo Boss New CEO’s Distant Arrival Is Not Great for Stock: Citi
* Kingfisher’s Sales Growth in Current Quarter Is Encouraging: MS (+)
* Lindt Cut at Mainfirst on Virus Pain; Consensus Seen at Risk (+)
* Short Covering Can Push Up Europe, U.K. Equities, JPMorgan Says
* RWE Top Pick in Utilities on Renewables Potential: Berenberg
* Software AG Upside Now More Limited, Cut to Add: Baader Helvea
* William Hill Placing Provides Scope to Pursue Growth: Jefferies (+)
* Workspace Likely to See Demand Dip, Panmure Gordon Cuts to Hold (+)
* WPP Raised to Buy at Goldman on Cost-Cutting Potential, Momentum (+)