>>> Europe : Brokers Upgrades & Downgrades - 20th of November 20

>>> Up
* BP Raised to Outperform at Raymond James; PT Set to 6.90 Pounds
* Dermapharm Upgraded to Buy at Oddo BHF; PT 28 Euros
* Deutsche Boerse Upgraded to Hold at Berenberg
* Lundin Petroleum Raised to Overweight at JPMorgan; PT 333 Kronor
* Melrose Industries Upgraded to Top Pick at RBC; PT 2.35 Pounds
* Rotork Upgraded to Outperform at RBC
* Siemens Gamesa Upgraded to Add at AlphaValue
* Voestalpine Upgraded to Accumulate at Erste Group; PT 36 Euros

>>> Down
* Aker BP Downgraded to Neutral at JPMorgan; PT 315 Kroner
* Gjensidige Downgraded to Neutral at Goldman; PT 147 Kroner
* SES GDRs Downgraded to Reduce at AlphaValue
* Smiths Downgraded to Underperform at RBC
* Spirax Downgraded to Underperform at RBC; PT 64 Pounds
* Tryg Downgraded to Sell at Goldman; Price Target 153 Kroner

>>> Initiation
* Bodycote Rated New Outperform at RBC; PT 9.50 Pounds
* Coats Rated New Outperform at RBC; PT 1.10 Pounds
* CYBG Resumed at Citi With Neutral; PT 3 Pence
* IMI Rated New Sector Perform at RBC; PT 10.10 Pounds
* KAZ Minerals Rated New Hold at VTB Capital; PT 5.40 Pounds
* Morgan Advanced Rated New Sector Perform at RBC; PT 3.10 Pounds
* RHI Magnesita Rated New Outperform at RBC; PT 52.50 Pounds
* Sioen Rated New Buy at Kepler Cheuvreux; PT 29 Euros
* Vesuvius Rated New Top Pick at RBC

>>> Call
* RBC Adds Melrose and Vesuvius to European Best Ideas Lists