>>> Europe : Brokers Upgrades & Downgrades - 18th of January 202

>>> Up
* Chr. Hansen Raised to Neutral at JPMorgan; PT 535 kroner
* Enad Global 7 Raised to Buy at Handelsbanken; PT 50 kronor
* Fevertree Drinks Raised to Buy at Jefferies; PT 3,400 pence
* Genuit Group Raised to Buy at Berenberg; PT 740 pence
* Hyve Group Raised to Add at Peel Hunt
* ID Logistics Raised to Buy at Berenberg; PT 360 euros
* J. Martins Raised to Accumulate at Biuro Maklerskie mBanku
* Johnson Matthey Raised to Hold at Panmure Gordon; PT 1,895 pence
* Sydbank Raised to Buy at SEB Equities; PT 264 kroner
* Telia Raised to Buy at Goldman; PT 46 kronor
* WAG Payment Solutions Raised to Buy at Citi; PT 148 pence

>>> Down
* Adevinta PT Cut to 99 kroner from 105 kroner at Berenberg
* EDF Cut to Underperform at BofA; PT 7.60 euros
* Elisa Cut to Neutral at Goldman; PT 56 euros
* Enagas Cut to Hold at SocGen; PT 20.50 euros
* Howden Joinery Cut to Hold at Berenberg; PT 940 pence
* Hummingbird Cut to Hold at Canaccord; PT 15 pence
* Lufthansa Cut to Market Perform at Bernstein; PT 7.85 euros
* Orange Cut to Sell at Goldman; PT 9.20 euros
* Salvatore Ferragamo Cut to Underweight at Morgan Stanley
* SEB Cut to Underweight at Barclays; PT 111 kronor
* SpareBank 1 SMN Cut to Hold at SEB Equities; PT 163 kroner
* SSE Cut to Hold at HSBC; PT 1,740 pence
* Swatch Cut to Underweight at Morgan Stanley; PT 280 Swiss francs
* Tod's Cut to Underweight at Morgan Stanley; PT 42 euros
* Vantage Towers Cut to Neutral at Goldman; PT 33 euros
* Zurich Airport Cut to Hold at Deutsche Bank; PT 185 Swiss francs

>>> Initiation
* Froey Rated New Buy at Arctic Securities; PT 65 kroner
* Iveco Rated New Neutral at Intermonte; PT 12 euros
* Rio Tinto Reinstated Outperform at Macquarie; PT 6,600 pence
* Signup Software Rated New Buy at Pareto Securities

>>> Call
* Berenberg Positive on Construction Sector, Genuit Upgraded
* Beverages Recovery Set to Continue, Fevertree Raised: Jefferies
* ID Logistics Upgraded at Berenberg on Attractive Entry Point