>>> Europe : Brokers Upgrades & Downgrades - 18th of May 2020 V2(+)

>>> Up
* Great Portland Raised to Buy at Stifel; PT 750 pence (+)
* Ipsen Raised to Neutral at JPMorgan; PT 70 euros
* Leifheit Raised to Buy at Berenberg; PT 23 euros
* Rockwool Raised to Equal-Weight at Morgan Stanley
* Royal Mail Raised to Market Perform at Bernstein; PT 165 pence
* Sonova Raised to Buy at MainFirst; PT 215 Swiss francs
* Teva ADRs Raised to Hold at HSBC; PT $10.60
* Wienerberger Raised to Buy at Wiener Privatbank; PT 21.80 euros

>>> Down
* Accor Cut to Sell at Goldman; PT 20 euros (+)
* Ashtead Cut to Equal-Weight at Morgan Stanley; PT 2,200 pence
* Aurubis Cut to Neutral at BofA; PT 49 euros (+)
* GN Store Nord Cut to Sell at MainFirst; PT 280 kroner
* Intu Cut to Sell at AlphaValue
* Kingspan Cut to Equal-Weight at Morgan Stanley
* Zooplus Cut to Sell at Bankhaus Metzler; PT 118 euros

>>> Initiation
* GoCo Group PLC Rated New Hold at Jefferies; PT 85 pence
* Moneysupermarket Reinstated Buy at Jefferies; PT 410 pence
* Trufin Rated New Buy at Liberum; PT 29.30 pence (+)

>>> Call
* European Bank Stocks Cheapest on Record Still Can’t Find Takers
* Ashtead Cut at MS as Second Dip Likely to be Worse Than First
* Jefferies Positive on Price Comparison, Prefers Moneysupermarket
* Kingspan More Pressured Near-Term Than Rockwool: Morgan Stanley
* Royal Mail Could Fix Union Ties, Consider Unit Sale: Bernstein (+)
* Stagecoach Rated New Hold at Peel Hunt After Bus Stocks Plunge (+)