>>> Europe : Brokers Upgrades & Downgrades - 17th of May 2022 V2(+)

>>> Up
* BBGI Global Infrastructure SA Raised to Hold at Stifel (+)
* Bechtle Raised to Buy at Baader Helvea; PT 60 euros
* Delivery Hero Raised to Buy at Bryan Garnier; PT 66 euros
* Diploma Raised to Sector Perform at RBC; PT 2,450 pence
* Greenvolt Raised to Buy at JB Capital Markets; PT 8 euros
* Heineken Raised to Buy at Bryan Garnier; PT 100 euros (+)
* Just Eat Takeaway Raised to Buy at Bryan Garnier; PT 55 euros
* Krones Raised to Buy at HSBC; PT 96 euros
* Marimekko Raised to Accumulate at Inderes; PT 14 euros
* Prosus Raised to Overweight at JPMorgan; PT 73.40 euros
* Rational Raised to Hold at DZ Bank; PT 550 euros (+)
* Renew Raised to Buy at Numis; PT 900 pence (+)
* Unipol Raised to Buy at Berenberg; PT 7 euros
* Victorian Plumbing Group Raised to Add at Numis; PT 60 pence (+)

>>> Down
* Acciona Cut to Sector Perform at RBC; PT 185 euros
* B&S Group Cut to Hold at ING; PT 7.25 euros
* Delticom Cut to Hold at Bankhaus Metzler; PT 3.30 euros
* UnipolSai Cut to Hold at Berenberg; PT 2.98 euros

>>> Initiation
* BMW Rated New Outperform at Bernstein; PT 100 euros
* flatexDEGIRO Rated New Underperform at Autonomous Research
* Koenig & Bauer Rated New Buy at Stifel; PT 24 euros
* Mercedes Rated New Outperform at Bernstein; PT 85 euros
* Porsche SE Reinstated Underperform at Bernstein; PT 60 euros
* Renault Reinstated Market Perform at Bernstein; PT 25 euros
* Vicore Pharma Rated New Buy at Nordea; PT 84 kronor
* Volvo Cars Rated New Outperform at Bernstein; PT 90 kronor
* VW Reinstated Market Perform at Bernstein; PT 208 euros


>>> Call
* Avoid Calling Bottom to Crypto Slump, UBS GWM’s Haefele Says (+)
* Bechtle Up to Buy at Baader With Multiple Contraction Overdone
* Bryan Garnier Turns Positive on Food Delivery, Just Eat Raised (+)
* Diploma Upgraded at RBC With Valuation Now Less Stretched
* Goldman Downgrades Global Stocks’ Short-Term Outlook to Neutral
* Japan, UK Stock Valuations Are Becoming Attractive: Berenberg (+)
* Prosus and Naspers Both Raised at JPMorgan After Tencent Upgrade
* Unipol Upgraded to Buy, UnipolSai Cut to Hold at Berenberg
* Vodafone Outlook Not Enough to Turn Sentiment, Goldman Cuts PT (+)