>>> Europe : Brokers Upgrades & Downgrades - 18th of June 2021 V2(+)

>>> Up
* Alstom Raised to Buy at Citi; PT 55 euros
* Bobst Raised to Market Perform at ZKB (+)
* Colruyt Raised to Neutral at Oddo BHF; PT 46 euros
* Diageo Raised to Neutral at JPMorgan; PT 3,500 pence
* EasyJet Raised to Buy at HSBC; PT 1,200 pence
* Elis Raised to Buy at Deutsche Bank; PT 18.81 euros
* HSBC Raised to Neutral at JPMorgan; PT 440 pence
* Maersk Raised to Outperform at Exane (+)
* Neles Raised to Buy at DNB Markets; PT 13.30 euros (+)
* Ryanair Raised to Buy at HSBC; PT 19 euros
* Schumag Raised to Buy at GSC Research; PT 2 euros
* Stellantis PT Raised to 23 euros from 18 euros at Oddo BHF (+)
* Symrise Raised to Neutral at JPMorgan; PT 106 euros
* Valmet Raised to Buy at DNB Markets; PT 42 euros (+)
* Wizz Air Raised to Hold at HSBC; PT 4,500 pence
* Zalando Raised to Buy at Nordea; PT 115 euros (+)

>>> Down
* Assa Abloy Cut to Hold at Nordea (+)
* Demant Cut to Hold at ABG; PT 368 kroner
* Hellenic Telecom Cut to Hold at Wood & Company; PT 16.90 euros
* McPhy Cut to Hold at Berenberg; PT 30 euros
* Swedish Match Cut to Neutral at JPMorgan; PT 82.50 kronor
* Trelleborg Cut to Equal-Weight at Morgan Stanley; PT 240 kronor

>>> Initiation
* Cofinimmo Rated New Buy at ING; PT 150 euros
* Embracer Rated New Buy at DNB Markets; PT 300 kronor (+)
* Encavis Rated New Buy at Raiffeisen Bank; PT 20 euros (+)
* Grupo Catalana Occidente Rated New Buy at JB Capital Markets
* Tryg Reinstated Equal-Weight at Morgan Stanley; PT 150 kroner

>>> Call
* Alstom Raised to Buy at Citi on Rail Travel Recovery Prospects
* Bobst Indicated Higher; Stock Upgraded at ZKB on Guidance Raise (+)
* Elis Is Poised to ‘Shine’ Post Pandemic, Deutsche Bank Upgrades (+)
* Europe Capital Goods Have Further to Run, Sandvik Resumed: Citi
* Inchcape Is Resuming Its Appealing Equity Story, Jefferies Says (+)
* Jefferies Predicts More Luxury-Aviation M&A as Travel Rebounds
* Maersk Could Face ‘Abnormal’ Profitability Next Year, Exane Says (+)
* McPhy Cut to Hold, PT Trimmed at Berenberg After Warning
* Rotork Up to Overweight as Good Late Cycle Play: Morgan Stanley
* Tesco Shares to React Positively to Sales Beat: Morgan Stanley (+)
* Tryg Good, But Trades at Premium to Peers, Morgan Stanley Says