>>> Europe : Brokers Upgrades & Downgrades - 18th of May 2021

>>> Up
* Alfen Raised to Buy at Berenberg; PT 76 euros
* Aviva Raised to Overweight at Barclays; PT 466 pence
* Knorr-Bremse Raised to Buy at Stifel; PT 125 euros
* LEG Immobilien Raised to Buy at Commerzbank; PT 141 euros
* MGM Resorts Raised to Overweight at JPMorgan; PT $47
* Norden Raised to Add at AlphaValue
* Orsted Raised to Outperform at Bernstein; PT 1,000 kroner
* Picanol Raised to Add at AlphaValue
* Provident Raised to Outperform at KBW; PT 275 pence

>>> Down
* Blue Prism Cut to Neutral at Piper Sandler; PT 1,089 pence
* Euronext Cut to Equal-Weight at Morgan Stanley; PT 99.80 euros

>>> Initiation
* Abivax Rated New Outperform at Oddo BHF; PT 45 euros
* Gresham House Rated New Buy at Berenberg; PT 1,050 pence
* Impax Asset Rated New Buy at Berenberg; PT 1,250 pence
* Liontrust Rated New Hold at Berenberg; PT 1,700 pence
* LSE Resumed Overweight at Morgan Stanley; PT 8,945 pence
* Titan Cement International Reinstated Hold at HSBC; PT 15 euros

>>> Call
* Alfen Up to Buy as Still Key Energy Transition Winner: Berenberg
* LEG Upgraded, Election Risk Seen Lower Than Peers: Commerzbank
* ‘Staggering’ Growth Potential For ESG Fund Managers: Berenberg