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

>>> Up
* Beiersdorf Raised to Buy at DZ Bank
* Fevertree Drinks Raised to Buy at Deutsche Bank; PT 3,300 pence
* Kone Raised to Reduce at Inderes; PT 59 euros
* Lindab Raised to Buy at Kepler Cheuvreux; PT 320 kronor
* Lloyds Raised to Outperform at Exane; PT 62 pence
* MTU Aero Raised to Buy at HSBC; PT 222 euros
* Nexity Raised to Buy at Stifel; PT 46 euros
* Orkla Raised to Buy at Handelsbanken; PT 92 kroner
* Sanofi Raised to Buy at HSBC; PT 100 euros

>>> Down
* Senior Cut to Underweight at Barclays; PT 137 pence
* Schibsted Cut to Neutral at Citi
* Sweco Cut to Sell at Handelsbanken; PT 105 kronor
* Sweco Raised to Buy at SEB Equities; PT 151 kronor

>>> Initiation
* Azelis Rated New Neutral at JPMorgan; PT 27.50 euros
* Linc Rated New Hold at ABG; PT 74 kronor

>>> Call
* European 3Q Earnings Beats Are ‘Very Healthy’: Morgan Stanley
* Senior Cut at Barclays With Earnings Downgrade Cycle Seen Ahead