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

>>> Up
* Deutsche Boerse Raised to Buy at UBS; PT 165 euros
* ISS Raised to Buy at Handelsbanken; PT 145 kroner
* Straumann Raised to Outperform at Bernstein

>>> Down
* BillerudKorsnas Cut to Hold at ABG; PT 175 kronor

>>> Initiation
* Kalera Rated New Buy at Roth Capital; PT 15 kroner
* Nordex Rated New Buy at Stifel; PT 20 euros
* Petrofac Coverage Dropped by Morgan Stanley

>>> Call
* Deutsche Boerse Upgraded at UBS as Cyclical Headwinds Abate
* TUI New Hold at Peel Hunt, Recovery Potential With Uncertainties