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

>>> Up
* Axfood Raised to Buy at Handelsbanken
* Hapag-Lloyd Raised to Hold from Reduce at Kepler_Cheuvreux, PT 301

>>> Down
* Deliveroo Cut to Underweight at JPMorgan; PT 81.30 pence
* Sinopec ADRs Cut to Sell at Goldman; PT $41.09
* SkiStar Cut to Hold at Handelsbanken
* XXL Cut ro Reduce from Hold at Kepler-Cheuvreux PT NOK5

>>> Initiation
* JustEat Takeaway Reiterated Neutral at JPMorgan; PT cut 1,446pence from 1,758pence
* Medivir Rated New Buy at Maxim; PT 30.63 kronor
* Varta Rated New Buy at Goldman; PT 102 euros

>>> Call
* European Payment Stock PTs Cut at Citi Against Tough Backdrop
* Renault Upgraded to Buy at Jefferies, Sees Strategic ‘Pulse’