>>> Europe : Brokers Upgrades & Downgrades - 20th of January 2022

(FULL GS Internet & Media 2022 Outlook Resume Coverage attached)
>>> Up
* Atrium Ljungberg Raised to Buy at Handelsbanken; PT 220 kronor
* Balder Raised to Hold at Handelsbanken; PT 570 kronor
* British Land Raised to Buy at Peel Hunt; PT 650 pence
* Bucher Raised to Buy at Kepler Cheuvreux; PT 530 Swiss francs
* Burberry Raised to Buy at Kepler Cheuvreux; PT 2,280 pence
* Castellum Raised to Buy at Handelsbanken; PT 260 kronor
* Catena Raised to Buy at Handelsbanken; PT 600 kronor
* Coloplast Raised to Hold at Carnegie; PT 1,015 kroner
* Commerzbank Raised to Outperform at Exane; PT 9 euros
* Embraer ADRs Raised to Overweight at Morgan Stanley; PT $23
* Entra Raised to Buy at Handelsbanken; PT 230 kroner
* EVOLVA RAISED TO BUY VS HOLD AT BERENBERG
* FDJ Raised to Outperform at Oddo BHF; PT 38 euros
* Hemnet Raised to Buy at Carnegie; PT 184 kronor
* HIKMA PHARMACEUTICALS RAISED TO BUY VS HOLD AT PEEL HUNT
* MOL Raised to Buy at Goldman; PT 3,700 forint
* Platzer Raised to Buy at Handelsbanken; PT 150 kronor
* Rentokil Raised to Buy at Citi Following Terminix Acquisition
* Sagax Raised to Hold at Handelsbanken; PT 280 kronor
* Siemens Healthineers Raised to Buy at Jefferies; PT 75 euros
* Simcorp Raised to Buy at SEB Equities; PT 775 kroner
* Thule Raised to Buy at SEB Equities; PT 550 kronor
* Vinci Raised to Buy at SocGen; PT 114.60 euros

>>> Down
* Compass Cut to Hold at Deutsche Bank
* Countryside Cut to Hold at Peel Hunt; PT 330 pence
* EDF Cut to Equal-Weight at Morgan Stanley; PT 10 euros
* Erste Cut to Hold at Raiffeisen Bank; PT 49 euros
* Ford Cut to Hold at Jefferies; PT $25
* Hellenic Petroleum Cut to Neutral at Goldman; PT 7.50 euros
* InPost Cut to Underperform at Exane; PT 5.90 euros
* Paradox Interactive Cut to Hold at Jefferies; PT 175 kronor
* Philips Cut to Hold at Jefferies; PT 32 euros
* SEB Cut to Neutral at Exane; PT 136 kronor
* TCM Group Cut to Hold at SEB Equities; PT 160 kroner
* Walmart Cut to Sector Weight at KeyBanc

>>> Initiation
* Adevinta Reinstated Neutral at Goldman; PT 133.30 kroner
* AUTO1 Reinstated Buy at Goldman; PT 27 euros
* Auto Trader Reinstated Neutral at Goldman; PT 799 pence
* Believe Rated New Neutral at Goldman; PT 19 euros
* Bouygues Reinstated Neutral at Oddo BHF; PT 34 euros
* Directa SIM Rated New Neutral at EnVent S.p.A.; PT 5.61 euros
* Elekta Reinstated Underperform at Jefferies; PT 90 kronor
* Evotec SE Rated New Buy at Berenberg; PT 51 euros
* Informa Reinstated Sell at Goldman; PT 519 pence
* ITV Reinstated Sell at Goldman; PT 125 pence
* JCDecaux Reinstated Sell at Goldman; PT 21.20 euros
* Kahoot Rated New Buy at Goldman; PT 54.70 kroner
* Learning Tech Reinstated Buy at Goldman; PT 220 pence
* MFE-MediaForEurope Rated New Sell at Goldman; PT 1.17 euros
* Pearson Reinstated Buy at Goldman; PT 896 pence
* ProSieben Reinstated Buy at Goldman; PT 18.10 euros
* Prosus Reinstated Buy at Goldman; PT 127.10 euros
* Publicis Reinstated Buy at Goldman; PT 73.90 euros
* RELX Reinstated Buy at Goldman; PT 2,866 pence
* Rightmove Reinstated Neutral at Goldman; PT 826 pence
* RTL Reinstated Buy at Goldman; PT 62.80 euros
* Schibsted Reinstated Neutral at Goldman; PT 358 kroner
* Scout24 SE Reinstated Neutral at Goldman; PT 66.70 euros
* Stroeer Reinstated Neutral at Goldman; PT 76.80 euros
* UMG Rated New Buy at Goldman; PT 29.90 euros
* Vivendi Reinstated Buy at Goldman; PT 14.70 euros
* Wolters Kluwer Reinstated Neutral at Goldman; PT 100 euros
* WPP Reinstated Buy at Goldman; PT 1,450 pence

>>> Call
* EDF Cut at Morgan Stanley on More Nuclear Risks, Low Visibility
* Hikma Upgraded to Buy at Peel Hunt on Strategy, Stock Weakness
* Unilever Unlikely to Win Support For GSK Unit Deal: Bernstein