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

>>> Up
* Acerinox Raised to Outperform at Credit Suisse; PT 9.50 euros
* Dometic Raised to Buy at ABG; PT 120 kronor
* Grafton Raised to Buy at Peel Hunt; PT 950 pence
* H&M Raised to Market Perform at Bernstein; PT 175 kronor
* Intermediate Capital PT Raised to 2,000 pence at Jefferies
* Intesa Sanpaolo Raised to Buy at Goldman; PT 2.40 euros
* LafargeHolcim Raised to Buy at Deutsche Bank
* Legrand Raised to Sector Perform at RBC; PT 70 euros
* Lindt & Spruengli Raised to Buy at Goldman
* LVMH PT Raised to 519 euros from 437 euros at Oddo BHF (+)
* Orpea SA Raised to Hold at Berenberg; PT 100 euros
* Rathbone Brothers Raised to Buy at Berenberg; PT 1,850 pence
* Paradox Interactive Raised to Hold at SEB Equities
* Scor Raised to Outperform at RBC; PT 37 euros
* Solvay Raised to Overweight at Morgan Stanley; PT 102 euros
* Stabilus Raised to Buy at Stifel; PT 75 euros
* Tesla Raised to Overweight at Morgan Stanley; PT $540
* Valora Raised to Buy at Kepler Cheuvreux (+)
* Virgin Money UK Raised to Overweight at Barclays; PT 165 pence
* Whitbread Raised to Buy at Deutsche Bank; PT 3,500 pence

>>> Down
* ADS Crude Carriers Cut to Hold at Pareto Securities (+)
* Compass Cut to Neutral at UBS
* Compass Cut to Neutral at Goldman
* Duerr Cut to Hold at M.M. Warburg; PT 31 euros (+)
* EasyJet Cut to Hold at Berenberg; PT 820 pence
* Jenoptik Cut to Hold at LBBW; PT 27 euros
* RTL Cut to Hold at LBBW; PT 41 euros
* Schaeffler Cut to Hold at M.M. Warburg; PT 6.50 euros (+)
* UBS Cut to Neutral at Goldman; PT 15.20 Swiss francs
* Vetropack Cut to Add at Baader Helvea; PT 62 Swiss francs

>>> Initiation
* CRH Reinstated Buy at Deutsche Bank; PT 39 euros
* HeidelbergCement Reinstated Buy at Deutsche Bank; PT 77 euros
* Neinor Reinstated Neutral at Credit Suisse; PT 11.40 euros (+)
* NENT Rated New Buy at Berenberg; PT 505 kronor
* Saint-Gobain Reinstated Buy at Deutsche Bank; PT 48 euros
* Shaftesbury Reinstated Hold at Liberum; PT 565 pence (+)
* THG Holdings Rated New Overweight at Morgan Stanley
* Treatt Rated New Buy at Peel Hunt; PT 775 pence

>>> Call
* Croda Price for Iberchem ‘Not Exceptional’ in Sector: Berenberg (+)
* EasyJet Cut at Berenberg, Cash Burn ‘Still Eroding Equity Value’ (+)
* H&M Addresses Key Issues, Making it Leaner, Raised at Bernstein (+)
* Orpea ‘Surprisingly’ Resilient, Berenberg Upgrades and Lifts PT
* Royal Unibrew’s 3Q Ebit Beats, Results Are Strong, Citi Says (+)
* Software AG’s New Targets Show Transformation on Track: Baader (+)
* Solvay Recovery Path Clearer, Up to Overweight: Morgan Stanley
* THG Beauty Business Attractive, Risks to Upside: Morgan Stanley
* U.K. Wealth Managers Still Cheap, Rathbone Raised: Berenberg
* Virgin Money Double-Upgraded on Mortgage Tailwind: Barclays (+)