>>> Europe : Brokers Upgrades & Downgrades - 21st of January 2021 V2(+)

>>> Up
* Ashtead Raised to Buy at Deutsche Bank; PT 4,100 pence
* BASF Raised to Buy at M.M. Warburg; PT 77 euros (+)
* Carlsberg Raised to Buy at ABG; PT 1,100 kroner
* HighCo Raised to Buy at Oddo BHF (+)
* NENT Raised to Buy at Nordea (+)
* Odfjell Drilling Raised to Buy at ABG; PT 30 kroner
* Palfinger Raised to Accumulate at Erste Group; PT 34.10 euros
* Renault Raised to Hold at Jefferies; PT 37 euros
* Richemont Raised to Market Perform at ZKB
* Richter PT Raised to 10,000 forint at Jefferies
* Rotork Raised to Overweight at Barclays; PT 375 pence
* Sainsbury Raised to Hold at Berenberg; PT 214 pence
* Voestalpine Raised to Accumulate at Erste Group; PT 36.50 euros

>>> Down
* AB InBev Cut to Sell at SocGen; PT 50 euros
* Ambu Cut to Sell at ABG; PT 197 kroner
* Ambu Cut to Hold at SEB Equities; PT 270 kroner
* Equinor Cut to Hold at Grupo Santander; PT 190 kroner
* Hiscox Cut to Hold at Jefferies; PT 1,000 pence
* Lundin Energy Cut to Hold at ABG; PT 260 kronor
* Piippo Cut to Sell at Inderes; PT 3 euros
* Royal Unibrew Cut to Hold at ABG; PT 650 kroner
* Soprano Cut to Sell at Inderes; PT 30 euro cents
* Wartsila Cut to Reduce at Inderes; PT 9.40 euros

>>> Initiation
* AJ Bell New Business Flows ‘Well Ahead’ of Consensus: Jefferies (+)
* Autoneum Up in Pre-Market, ZKB Says Guidance ‘Very Good News’ (+)
* BP Reinstated Hold at Jefferies; PT 270 pence
* BP ADRs Reinstated Hold at Jefferies; PT $20.80
* Eni Reinstated Hold at Jefferies; PT 8.60 euros
* Entain PLC Resumed Overweight at Morgan Stanley; PT 1,500 pence
* Galp Reinstated Hold at Jefferies; PT 9.20 euros
* Equinor Reinstated Buy at Jefferies; PT 190 kroner
* Moncler Rated New Buy at Oddo BHF; PT 56 euros
* Neste Reinstated Hold at Jefferies; PT 62.10 euros
* OMV Reinstated Buy at Jefferies; PT 46.50 euros
* Ontex Cut to Sell at Goldman; PT 8.50 euros
* Repsol Reinstated Hold at Jefferies; PT 9.10 euros
* Shell Reinstated Buy at Jefferies; PT 1,780 pence
* Shell ADRs Reinstated Buy at Jefferies; PT $45.70
* Skitude Holding Rated New Buy at Arctic Securities; PT 14 kroner
* Total SE Reinstated Buy at Jefferies; PT 42 euros
* Ubisoft Rated New Buy at HSBC; PT 100 euros

>>> Call
* Asos, Ocado in Berenberg’s U.K. Consumer Picks; Sainsbury Raised
* Equinor, Total, OMV, Shell Reinstated as Buy at Jefferies
* Ferragamo Board Changes Could Be Far-Reaching, Jefferies Says (+)
* Renault Upgraded at Jefferies, Goals Sound But Unimaginative
* Richter Women’s Health Line Underappreciated, Jefferies Says
* Sage Update Shows ‘Strong’ Start to 2021, Jefferies Says (+)