>>> Europe : Brokers Upgrades & Downgrades -21st of April 2020 V2(+)

>>> Up
* Assa Abloy Raised to Buy at Jefferies; PT 217 kronor
* Aurubis Raised to Add at Baader Helvea; PT 47.50 euros
* BAE Raised to Buy at AlphaValue
* Basic-Fit Raised to Buy at Berenberg; PT 28 euros
* Croda Raised to Buy at Liberum; PT 5,100 pence
* Givaudan Raised to Buy at Liberum; PT 3,588 Swiss francs
* J D Wetherspoon Raised to Buy at Jefferies; PT 1,150 pence
* Jyske Raised to Buy at SEB Equities; PT 192 kroner
* Mol Raised to Buy at Erste Group; PT 2,640 forint (+)
* Petropavlovsk Raised to Buy at BofA (+)
* Probi Raised to Buy at SEB Equities; PT 235 kronor
* Sartorius Stedim PT Raised to 202 euros at Oddo BHF (+)
* Symrise Raised to Hold at Liberum; PT 102 euros

>>> Down
* BASF Cut to Hold at Bankhaus Metzler; PT 49 euros (+)
* Centrica Cut to Reduce from Hold by HSBC; PT to 28p from 80p
* Covestro Cut to Sell at Bankhaus Metzler; PT 27 euros (+)
* Daetwyler Cut to Add at Baader Helvea; PT 185 Swiss francs
* DNB PT Cut to 94 kroner from 125 kroner at Jefferies
* Europcar Cut to Hold at SocGen; PT 1.70 euros (+)
* Faurecia SE Cut to Hold at SocGen; PT 34 euros (+)
* GTT Cut to Hold at SocGen; PT 70 euros
* Heidelberger Druck Cut to Reduce at HSBC; PT 40 euro cents
* Incap Cut to Reduce at Inderes; PT 12 euros (+)
* Polar Capital Cut to Hold at Investec; PT 390 pence (+)
* Schoeller-Bleckmann Cut to Hold at Wiener Privatbank
* Simcorp Cut to Hold at Danske Bank Markets; PT 690 kroner (+)
* Telenor Cut to Hold at Berenberg; PT 165 kroner
* Tubacex Cut to Hold at Mirabaud Securities; PT 1.70 euros (+)

>>> Initiation
* Joules Reinstated Buy at Liberum on Ample Financial Flexibility (+)

>>> Call
* AB Foods’ Outlook Commentary ‘Fairly Downbeat,’ MS Says (+)
* Aurubis on Track for Long-Term Growth, Raised to Add: Baader
* Bayer May Reach 2020 Earnings Target Despite Virus, Citi Says (+)
* Danone 1Q Sales Reassuring, Guidance Withdrawal ‘Logical’: Citi (+)
* RBC Sees London Office Rents Slumping, Cuts Landlord Estimates
* SAP 1Q Results Play Second Fiddle to co-CEO’s Departure: Citi (+)
* Sika Target Confidence ‘Reassuring,’ Jefferies Says (+)
* Stora Enso Set for Boost From 1Q Earnings Beat: Handelsbanken (+)
* Symrise, Givaudan to Boost Revenue in 1H; Croda Safe: Liberum (+)
* Tele2 Shares to Underperform After 1Q Report: Handelsbanken (+)
* U.K. Pub Estimates Slashed But Wetherspoon Upgraded: Jefferies
* U.K. Homebuilder Shares Have Upside, Liberum and Jefferies Say (+)