>>> Europe : Brokers Upgrades & Downgrades - 19th of Ocotber 2020

>>> Up
* Elisa Raised to Buy at SEB Equities; PT 54 euros
* HelloFresh PT Raised to 68 euros from 65 euros at Berenberg
* Inditex Raised to Outperform at Bernstein; PT 31 euros
* IWG Raised to Buy at Berenberg
* Publicis Raised to Buy at HSBC; PT 36.50 euros
* Rathbone Brothers Raised to Buy at Jefferies; PT 1,670 pence
* Rotork Raised to Buy at Berenberg; PT 370 pence

>>> Down
* Accor Cut to Add at AlphaValue
* Ahlstrom-Munksjo Cut to Hold at SEB Equities; PT 18.10 euros
* BE Semiconductor Cut to Neutral at Kempen & Co; PT 40 euros
* InterContinental Hotels Cut to Hold at Peel Hunt
* St James's Place Cut to Equal-Weight at Barclays

>>> Initiation
* EasyJet Rated New Hold at Peel Hunt; PT 500 pence
* Engie Resumed Overweight at Morgan Stanley; PT 15 euros
* Hoist Finance Rated New Buy at Arctic Securities; PT 40 kronor
* Instabank Reinstated Neutral at SpareBank; PT 1.20 kroner
* Oht Rated New Buy at SEB Equities; PT 32 kroner
* Siemens Energy Rated New Overweight at Morgan Stanley
* Trainline Rated New Buy at Deutsche Bank; PT 414 pence
* Unilever Resumed Buy at Deutsche Bank; PT 60 euros

>>> Call
* Berenberg Switches Business Services Top Picks, Upgrades IWG
* HelloFresh PT Raised to 68 euros from 65 euros at Berenberg
* IHG Downgraded to Hold at Peel Hunt on Weaker Hotel Recovery
* Rathbone Joins Brewin at Buy, Dividends Attractive: Jefferies
* Siemens Energy a Good Pick for 2021, MS Starts at Overweight