>>> Europe : Brokers Upgrades & Downgrades - 1st of April 2021

>>> Up
* Aveva Raised to Overweight at Morgan Stanley; PT 3,925 pence
* BMW Raised to Buy at Deutsche Bank; PT 105 euros
* Empiric Student Raised to Buy at Berenberg; PT 100 pence
* Fortum Raised to Reduce at AlphaValue
* Foxtons Raised to Add at Peel Hunt; PT 70 pence
* Premier Oil Raised to Overweight at Barclays; PT 30 pence
* Sumo Raised to Buy at Peel Hunt; PT 402 pence
* Victrex Raised to Outperform at Exane; PT 2,450 pence

>>> Down
* Global Petroleum Cut to Hold at Panmure Gordon; PT 2 pence
* Peach Property Cut to Accumulate at SRC Research
* Pirelli Cut to Hold at Stifel; PT 5.40 euros

>>> Initiation
* Aveva Resumed Overweight at Morgan Stanley; PT 3,925 pence
* Barratt Rated New Neutral at Exane; PT 786 pence
* Bellway Rated New Neutral at Exane; PT 3,560 pence
* Berkeley Rated New Neutral at Exane; PT 4,842 pence
* Carnival Rated New Buy at Citi; PT $30
* Cint Group Rated New Hold at Jefferies; PT 85 kronor
* Heidelberger Druck Rated New Buy at Stifel; PT 1.50 euros
* Persimmon Rated New Outperform at Exane; PT 3,445 pence
* Redrow Rated New Outperform at Exane; PT 726 pence
* Science Group Rated New Buy at Stifel; PT 422 pence
* Taylor Wimpey Rated New Outperform at Exane; PT 220 pence
* Titan Cement International Rated New Outperform at Oddo BHF
* Vistry Group Rated New Outperform at Exane; PT 1,236 pence

>>> Call
* Aveva Can Be Manufacturing Digitalization Leader: Morgan Stanley
* Empiric Raised to Buy at Berenberg on Sector Demand Tailwinds
* Foxtons Purest Way to Play London Market Recovery: Peel Hunt