>>> Europe : Brokers Upgrades & Downgrades - 18th of January 2022 V2(+)

>>> Up
* Apple PT Raised to $200 from $175 at Deutsche Bank (+)
* Beiersdorf Raised to Buy at Deutsche Bank; PT 105 euros (+)
* 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
* Marshalls Raised to Buy at Peel Hunt (+)
* Siltronic Raised to Outperform at Oddo BHF; PT 165 euros (+)
* 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
* Xvivo Perfusion Raised to Buy at Pareto Securities (+)
* Zalando Raised to Buy at M.M. Warburg (+)
* *ZSCALER RAISED TO OVERWEIGHT VS EQUAL-WEIGHT AT MORGAN STANLEY (+)

>>> 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
* Daimler Truck Rated New Buy at DZ Bank; PT 42 euros (+)
* Deliveroo Rated New Outperform at Davy (+)
* Delivery Hero Rated New Outperform at Davy (+)
* DoorDash Rated New Neutral at Davy (+)
* Froey Rated New Buy at Arctic Securities; PT 65 kroner
* Iveco Rated New Neutral at Intermonte; PT 12 euros
* Just Eat Takeaway Rated New Outperform at Davy (+)
* National Bank of Greece Resumed Buy at Deutsche Bank (+)
* Norva24 Group Rated New Neutral at Citi; PT 36 kronor (+)
* Piraeus Financial Holdings Resumed Hold at Deutsche Bank (+)
* 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
* Elementis Still a Buy at Jefferies After ‘Solid’ Trading Update (+)
* Hugo Boss FY ‘Well Above’ Guidance, Also Beat Consensus: Citi (+)
* ID Logistics Upgraded at Berenberg on Attractive Entry Point
* Lindt 2H Sales Strong, ‘Bang in Line’ With Consensus: Bernstein (+)