>>> Europe : Brokers Upgrades & Downgrades - 18th of September 2

>>> Up
* Axactor Raised to Buy at Nordea; PT 8.70 kroner
* BioPharma Credit Raised to Buy at Jefferies
* Continental Raised to Neutral at Goldman; PT 70 euros
* Energean Raised to Buy at Jefferies; PT 1,500 pence
* Fevertree Drinks Raised to Sector Perform at RBC; PT 1,300 pence
* IDS Raised to Overweight at JPMorgan; PT 310 pence
* Paradox Interactive Raised to Buy at ABG; PT 300 kronor
* Unibail Raised to Overweight at Barclays; PT 58 euros
* Vestas Raised to Buy at Jyske Bank; PT 185 kroner
* Volvo Raised to Buy at DNB Markets; PT 275 kronor

>>> Down
* 2020 Bulkers Cut to Hold at Cleaves Securities; PT 85 kroner
* Brown-Forman Cut to Underperform at Evercore ISI; PT $68
* Golden Ocean Cut to Hold at Cleaves Securities; PT 76.44 kroner
* Maersk Cut to Neutral at JPMorgan; PT 13,000 kroner
* Valeo SE Cut to Sell at Goldman; PT 17 euros

>>> Initiation
* Baltic Classifieds Group Rated New Buy at Numis; PT 266 pence
* Hansa Investment Rated New Hold at Jefferies; PT 200 pence
* Lululemon Rated New Buy at HSBC; PT $500
* Ocean Wilsons Rated New Buy at Jefferies; PT 1,600 pence
* PRISA Rated New Buy at Jefferies; PT 50 euro cents

>>> Call