>>> Europe : Brokers Upgrades & Downgrades - 21st of April 2021

>>> Up
* Air France-KLM Raised to Hold at HSBC; PT 4.50 euros
* Barco Raised to Accumulate at KBC Securities (+)
* Electrolux Professional Raised to Hold at SEB Equities
* Getinge Raised to Neutral at JPMorgan; PT 232 kronor
* S4 Capital PT Raised to 700 pence at Morgan Stanley
* Saipem Raised to Add at Intesa Sanpaolo; PT 2.60 euros (+)
* Siemens Healthineers Raised to Overweight at JPMorgan

>>> Down
* Atlantic Sapphire ASA Cut to Hold at SEB Equities; PT 92 kroner
* CA Immo Cut to Accumulate at Erste Group; PT 43 euros
* Covivio Cut to Hold at SocGen; PT 77 euros (+)
* Lancashire Cut to Sector Perform at RBC; PT 750 pence
* Maersk Cut to Hold at SEB Equities; PT 16,000 kroner
* Sandvik Cut to Hold at SEB Equities; PT 240 kronor
* Wacker Chemie Cut to Add at Baader Helvea; PT 148 euros

>>> Initiation
* Almawave Rated New Buy at Banca Akros (ESN); PT 6 euros
* BP Reinstated Buy at Deutsche Bank; PT 313 pence
* Eni Reinstated Buy at Deutsche Bank; PT 11.70 euros
* Iliad Rated New Buy at Citi; PT 190 euros
* Jet2 Rated New Buy at Peel Hunt; PT 1,580 pence
* Parity Group Rated New Corporate at Finncap; PT 18 pence (+)
* Poste Italiane Rated New Buy at HSBC; PT 14 euros
* Shell Reinstated Buy at Deutsche Bank; PT 1,937 pence
* Total Reinstated Buy at Deutsche Bank; PT 46.60 euros
* United Internet Rated New Buy at Stifel; PT 45 euros
* Volex Rated New Buy at HSBC; PT 425 pence
* Zalando Rated New Buy at HSBC; PT 120 euros

>>> Call
* Akzo Nobel 1Q Beats, Picture Mixed Across Portfolio: Commerzbank (+)
* Carrefour French Sales ‘Impressive,’ Spain Resilient: Jefferies
* Drax Update a ‘Mild Positive,’ Company Well Placed, RBC Says (+)
* Ericsson Reports ‘Blow-Out’ Margins, Handelsbanken Says (+)
* Handelsbanken Shows Asset-Gathering Revenue Strength: Jefferies (+)
* Heineken’s 1Q Was ‘Good Quarter,’ Says RBC Capital Markets
* Hikma Resumed Generic Launch Could See Relief Rally: Jefferies (+)
* Iliad a New Buy at Citi on Growth and Free Cash Flow Outlook
* Jet2 Well-Capitalized, Has Strong Pent-Up Demand: Peel Hunt
* Jefferies Turns Bullish on Spanish Stocks Amid Economic Rebound
* Kering’s ‘Solid’ 1Q Sales May Not Be Enough for Stock: Bernstein
* L’Oreal’s EU1.2B Buyback is ‘Beautiful’ Present, Says Bernstein
* Pendragon Consensus Estimates to Rise After Strong 1Q: Jefferies
* Randstad Update Shows Recovering Faster Than Expected, RBC Says
* Roche Sales as Expected Thanks to Diagnostics, Jefferies Says
* Travis Perkins Re-Rating Scope Sees Street-High PT at Berenberg (+)
* Vopak 1Q a Miss on Texas Weather Disruption, Jefferies Says (+)
* Worldline 1Q Revenue a Miss, Guidance ‘Realistic’: Jefferies