>>> Europe : Brokers Upgrades & Downgrades - 19th of February 2021 V2(+)

>>> Up
* 1&1 Drillisch Raised to Buy at Stifel
* Aixtron PT Raised to 22 euros from 14 euros at Deutsche Bank
* Citycon Raised to Hold at Kepler Cheuvreux; PT 8.10 euros (+)
* 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
* Dialog Semi Cut to Neutral at UBS; PT 67.50 euros (+)
* IAG Cut to Add at AlphaValue
* Neste Cut to Hold at Berenberg; PT 58 euros
* Paypoint Cut to Hold at Investec; PT 602 pence (+)
* SGS Cut to Neutral at JPMorgan; PT 2,900 Swiss francs
* Stratec Cut to Hold at Berenberg; PT 130 euros

>>> Initiation
* Avacta Group Rated New Buy at Stifel; PT 23,000 pence (+)
* TEN Entertainment Rated New Hold at Panmure Gordon; PT 220 pence (+)
* TP ICAP Re-Initiated Buy at Peel Hunt; PT 270 pence
* VW Rated New Buy at Stifel; PT 95 euros

>>> Call
* Allianz 4Q Results ‘Materially Ahead’ of Expectations: Jefferies (+)
* Danone Results in Line, Stock Reaction May Depend on Call: Citi (+)
* Dialog Semi Downgraded to Neutral at UBS Following Renesas Offer (+)
* Eni Profit Slightly Ahead, Cash Flow In Line, RBC Says (+)
* EON’s Higher Debt May Limit Options, Metzler Downgrades to Hold (+)
* ERG’s Renewable Transition Not Priced In, Citi Upgrades to Buy
* Hermes ‘Outstanding’ in Luxury’s Most Horrible Year: Bernstein (+)
* Nel at More Attractive Entry Point After Sector Selloff: Citi
* Repsol Upgraded at Morgan Stanley on Dividend Growth Potential (+)
* RWE Hit From Texas Weather Comes at Inopportune Time, RBC Says
* Sika 4Q Ebit Beats Estimates, 2020 Earnings at Record: Vontobel (+)
* Swiss Re Results Hard to Read, Overall Disappointing: Jefferies (+)