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

>>> Up
* Adyen Raised to Neutral at Oddo BHF (+)
* Babcock Raised to Overweight at Barclays; PT 347 pence
* DWS Raised to Buy at Commerzbank; PT 40 euros (+)
* Fresnillo Raised to Buy at Citi
* Hays Raised to Buy at HSBC; PT 153 pence
* HelloFresh PT Raised to 61 euros from 47 euros at Deutsche Bank
* Knorr-Bremse Raised to Hold at MainFirst; PT 95 euros
* Premier Oil Raised to Buy at Peel Hunt; PT 50 pence
* Topdanmark Raised to Hold at HSBC; PT 278 kroner

>>> Down
* Almirall Cut to Neutral at Credit Suisse; PT 12 euros (+)
* Antofagasta Cut to Neutral at Citi
* Banco Santander Cut to Underperform at BofA; PT 2 euros (+)
* Boliden Cut to Sell at Citi
* Carnival Cut to Hold at HSBC; PT $15.30
* Carnival Plc Cut to Hold at HSBC; PT 1,040 pence
* Evolution Gaming Cut to Hold at Pareto Securities
* Forterra Cut to Hold at Jefferies; PT 194 pence
* Kion Cut to Hold at Hauck & Aufhaeuser; PT 74 euros (+)
* Neste Cut to Underperform at Credit Suisse; PT 30.50 euros (+)
* Nornickel GDRs Cut to Underweight at Morgan Stanley; PT $22

>>> Initiation
* Antofagasta Rated New Neutral at CIBC; PT 1,100 pence
* AT&S Rated New Buy at Commerzbank; PT 21 euros (+)
* CM Rated New Hold at Jefferies; PT 18 euros
* Seeing Machines Rated New Buy at Stifel; PT 7 pence
* Silence Therapeutics Rated New Buy at Investec; PT 620 pence (+)

>>> Call
* Cellnex 2Q Results Reassure, Focus on New Deal Plans: Goldman (+)
* Europe Midcap Miners’ Ebitda Ests. Raised, 2Q to Be Trough: Citi
* GVC Stock Will Be Pressured by Widened U.K. Tax Probe: Berenberg
* Kuehne + Nagel Shares May Climb on ‘Strong’ 2Q Beat, Citi Says (+)
* Lindt’s 1H Results Are Better Than Expected, Vontobel Says (+)
* Premier Oil Raised by Peel Hunt on Debt Outlook, BP Acquisitions
* Ted Baker’s Update Shows Strategic Progress: Liberum (+)