>>> Europe : Brokers Upgrades & Downgrades - 20th of June 2020 - V2(+)

>>> Up
* A.G. Barr Raised to Hold at HSBC; PT 430 pence
* Assa Abloy Raised to Buy at Pareto Securities; PT 220 kronor (+)
* BillerudKorsnas Raised to Buy at SEB Equities; PT 160 kronor
* Daimler Raised to Reduce at AlphaValue
* Orion Raised to Reduce at Inderes; PT 42 euros
* Piaggio Raised to Buy at Banca Akros (ESN); PT 3 euros (+)
* Teleperformance Raised to Overweight at Morgan Stanley

>>> Down
* AcelRx Cut to Underperform at Credit Suisse; PT 69 cents (+)
* BAT Cut to Hold at Jefferies; PT 3,000 pence
* DCC Cut to Sector Perform at RBC; PT 7,400 pence
* Elmos Semiconductor SE Cut to Reduce at Oddo BHF (+)
* Gamma Communications Cut to Add at Peel Hunt; PT 1,562 pence (+)
* Kion Cut to Sell at DZ Bank; PT 59 euros (+)
* Kone Cut to Hold at SocGen; PT 64 euros
* SSE Cut to Hold at SocGen
* Standard Life Aberdeen Cut to Underweight at Barclays
* Swedbank Cut to Hold at Arctic Securities; PT 155 kronor
* TFF Group Cut to Hold at Berenberg; PT 33 euros

>>> Initiation
* Future PLC Rated New Overweight at Barclays; PT 1,500 pence
* IDOX PLC Rated New Buy at Canaccord; PT 68 pence (+)
* Keywords Studios Rated New Buy at Stifel; PT 2,150 pence (+)
* Team17 Rated New Buy at Stifel; PT 750 pence (+)

>>> Call
* Aryzta May Have Trouble Maximizing Shareholder Value: Vontobel (+)
* Benettons Won't Rue a Clean Break from Autostrade: Chris Hughes
* Buy Nordic Telcos on Growth, 2021 Recovery Potential: Goldman
* Daimler Raised at AlphaValue on Positive Preliminary 2Q Surprise
* Julius Baer Results Slightly Better Than Expected: Jefferies
* Kion Shares Double Downgraded at DZ Bank Following Recent Surge
* Reckitt’s Premium to Staples Peers Is Justified: Deutsche Bank (+)
* Teleperformance Raised on 2H Recovery Potential: Morgan Stanley
* Tobacco Sector’s Re-Rating Delayed, BAT Cut to Hold: Jefferies