>>> Europe : Brokers Upgrades & Downgrades - 20th of September 2022 V3(+)

>>> Up
* ADP Raised to Equal-Weight at Barclays; PT 136 euros
* Deutsche Boerse Raised to Outperform at Credit Suisse (+)
* EDP Raised to Overweight at Barclays; PT 5.90 euros
* Endesa Raised to Overweight at Barclays; PT 22.10 euros
* Fraport Raised to Overweight at Barclays; PT 56 euros
* Henry Boot Raised to Buy at Numis; PT 335 pence (+)
* Jumbo Raised to Buy at Eurobank Equities; PT 17.20 euros (+)
* Jungheinrich Raised to Outperform at Oddo BHF; PT 35 euros
* SEB Raised to Buy at DNB Markets; PT 134 kronor
* Wizz Air Raised to Neutral at Oddo BHF; PT 2,500 pence (+)

>>> Down
* Acciona Energia Cut to Neutral at Grupo Santander (+)
* Acciona Cut to Neutral at Grupo Santander; PT 214.15 euros (+)
* Adyen Cut to Hold at HSBC; PT 1,500 euros
* Aena Cut to Underweight at Barclays; PT 115 euros
* Coloplast Cut to Hold at Jefferies; PT 880 kroner
* Compleo Cut to Sell at M.M. Warburg (+)
* Euronext Cut to Neutral at Credit Suisse; PT 77 euros (+)
* Ocado Cut to Reduce at HSBC; PT 575 pence
* Pandora Cut to Sell at Nordea; PT 300 kroner
* Publicis Cut to Neutral at Oddo BHF (+)
* WPP Raised to Outperform at Oddo BHF (+)
* Zurich Airport Cut to Equal-Weight at Barclays

>>> Initiation
* Securitas Resumed Buy at Nordea; PT 87 kronor (+)

>>> Call
* Bernstein Strategists See EU Industrial Output Hit by Gas Curbs (+)
* Coloplast Cut to Hold as Jefferies Sees Inflation, China Risks
* Europe Value Stocks’ Gap to Growth Excellent Once Again: Goldman
* Goldman Says Stay Defensive on Road Toward Peak Hawkishness
* Kingfisher Showing ‘Good Resilience,’ Outlook Conservative: RBC (+)