>>> Europe : Brokers Upgrades & Downgrades - 1st of February 2022 V2(+)

>>> Up
* Anglo American Raised to Buy at Liberum; PT 3,210 pence (+)
* Antofagasta Raised to Hold at Liberum; PT 1,350 pence (+)
* Aumann Raised to Buy at Hauck & Aufhaeuser; PT 22 euros (+)
* Barry Callebaut Raised to Add at Baader Helvea
* Cellavision Raised to Hold at Carnegie; PT 275 kronor
* Cellavision Raised to Buy at Pareto Securities; PT 380 kronor
* Deutsche Telekom PT Raised to 27 euros at Berenberg
* Hugo Boss Raised to Buy at Stifel; PT 70 euros
* IMPERIAL BRANDS RAISED TO EQUAL-WEIGHT AT MORGAN STANLEY
* Leonteq Raised to Outperform at ZKB (+)
* Leroy Raised to Buy at Nordea; PT 80 kroner (+)
* LondonMetric Raised to Buy at Liberum
* Mowi Raised to Buy at Nordea; PT 250 kroner (+)
* Orsted Raised to Neutral at Citi; PT 680 kroner
* Safran Raised to Buy at Deutsche Bank; PT 125 euros
* Stabilus Raised to Buy at Hauck & Aufhaeuser; PT 67 euros (+)
* Voltalia Raised to Overweight at Morgan Stanley

>>> Down
* Acciona Energia Cut to Neutral at Citi; PT 157 euros
* Alstria Office Cut to Sell at M.M. Warburg (+)
* Derwent London Cut to Hold at Liberum
* Joules Cut to Hold at Peel Hunt; PT 110 pence (+)
* Land Sec. Cut to Hold at Liberum
* Metro Cut to Neutral at Invest Securities SA; PT 10.20 euros (+)
* Proximus Cut to Sell at Citi; PT 16.60 euros
* Saipem Cut to Sell at AlphaValue/Baader
* Saipem Cut to Underperform at Mediobanca SpA; PT 1.20 euros (+)
* SWEDISH MATCH CUT TO EQUAL-WEIGHT AT MORGAN STANLEY, PT SEK80

>>> Initiation
* Avantium N.V. Rated New Buy at Bryan Garnier; PT 10 euros
* Clipper Logistics Rated New Buy at Panmure Gordon; PT 800 pence
* Grolleau Rated New Buy at Stifel; PT 11.80 euros
* Grupo Catalana Occidente Rated New Outperform at Oddo BHF
* Hensoldt Reinstated Buy at Deutsche Bank; PT 16.50 euros
* Leonardo Reinstated Hold at Deutsche Bank; PT 7.60 euros
* Mapfre Reinstated Outperform at Oddo BHF; PT 2.40 euros
* Meta Platforms Resumed Buy at Stifel; PT $400
* SLM Solutions Rated New Buy at Jefferies; PT 22 euros
* Technip Energies Rated New Buy at Jefferies; PT 18 euros
* Tremor Intl ADRs Resumed Buy at Stifel; PT $20

>>> Call
* Givaudan PT Cut at Deutsche Bank With Inflation Hitting Margins (+)
* Orsted Upgraded at Citi, Has Headwinds But ‘Palatable’ Valuation
* Proximus Has ‘Plethora of Challenges,’ Cut to Sell at Citi
* Technip Energies Set for Energy Transition, New Buy at Jefferies