>>> Europe : Brokers Upgrades & Downgrades - 19th of February 2021

>>> Up
* 1&1 Drillisch Raised to Buy at Stifel
* Aixtron PT Raised to 22 euros from 14 euros at Deutsche Bank
* Commerzbank Raised to Outperform at KBW; PT 7 euros
* Datagroup Raised to Buy at Berenberg; PT 75 euros
* ERG Raised to Buy at Citi; PT 28.30 euros
* L'Oreal Raised to Hold at LBBW; PT 305 euros
* Moncler Raised to Buy at SocGen; PT 59 euros
* Repsol Raised to Equal-Weight at Morgan Stanley; PT 10 euros

>>> Down
* B&M European Cut to Equal-Weight at Barclays; PT 550 pence
* BioMerieux Cut to Sell at Berenberg; PT 110 euros
* IAG Cut to Add at AlphaValue
* Neste Cut to Hold at Berenberg; PT 58 euros
* SGS Cut to Neutral at JPMorgan; PT 2,900 Swiss francs
* Stratec Cut to Hold at Berenberg; PT 130 euros

>>> Initiation
* TP ICAP Re-Initiated Buy at Peel Hunt; PT 270 pence
* VW Rated New Buy at Stifel; PT 95 euros

>>> Call
* ERG’s Renewable Transition Not Priced In, Citi Upgrades to Buy
* Nel at More Attractive Entry Point After Sector Selloff: Citi
* RWE Hit From Texas Weather Comes at Inopportune Time, RBC Says