>>> Europe : Brokers Upgrades & Downgrades - 20th of October 2021 V2(+)

>>> Up
* Castellum Raised to Hold at Handelsbanken; PT 230 kronor
* Lonza Raised to Buy at UBS; PT 830 Swiss francs (+)
* Moneysupermarket Raised to Buy at Berenberg; PT 275 pence
* Network International Raised to Overweight at Barclays (+)
* Platzer Raised to Hold at Handelsbanken; PT 150 kronor
* Wizz Air Raised to Buy at Wood & Company; PT 5,500 pence

>>> Down
* BHP Group PLC Cut to Hold at Jefferies; PT 2,000 pence
* BHP Group PLC ADRs Cut to Hold at Jefferies; PT $56
* Endesa Cut to Equal-Weight at Barclays; PT 19.90 euros (+)
* Rio Tinto ADRs Cut to Hold at Jefferies; PT $71

>>> Initiation
* Alstom Reinstated Buy at HSBC; PT 40 euros
* B&M European Rated New Sell at Deutsche Bank; PT 500 pence (+)
* Dufry Rated New Hold at Deutsche Bank; PT 55 Swiss francs (+)
* Esken Rated New Outperform at Davy; PT 30 pence (+)
* flatexDEGIRO Rated New Buy at Deutsche Bank; PT 30 euros (+)
* Kingfisher Rated New Hold at Deutsche Bank; PT 355 pence (+)
* Pets at Home Rated New Buy at Deutsche Bank; PT 555 pence (+)
* WH Smith Rated New Buy at Deutsche Bank; PT 1,840 pence (+)

>>> Call
* Akzo Nobel Outlook May See Shares Under Pressure: Jefferies
* ASML Third-Quarter Results ‘OK’, Outlook is ‘Soft-ish’: Kempen (+)
* Danone PT Cut at RBC on Expected Margin Reset, Pricey Turnaround (+)
* IAG Downgraded to Hold at Peel Hunt on Fuel Cost Pressures
* Goldman Sachs chief insists bank can close valuation gap with rivals
* Gucci ‘Party Is Postponed’ as 3Q Misses Expectations: Bernstein
* Kering 3Q More About Gucci Miss Than Other Wins: Jefferies
* Kuehne + Nagel Indicated Higher; ZKB Notes Profitability Beat
* Lonza a ‘Compelling’ Long-Term Growth Story, UBS Upgrades to Buy (+)
* Moneysupermarket Upgraded at Berenberg, Risks Skewed to Upside
* Nestle’s Lack of Negative Margin Update Should Reassure: Citi
* Netcompany Pullback Creates Opportunity; Morgan Stanley Upgrades
* Roche Beating 3Q Expectations ‘Largely on Covid-19’: Jefferies (+)
* Telekom Austria 3Q Strength Driven Outside Austria: Jefferies