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

>>> Up
* Air Liquide Raised to Overweight at JPMorgan; PT 170 euros
* Airtel Africa Raised to Overweight at Barclays; PT 125 pence
* Atlas Copco Raised to Hold at Pareto Securities; PT 520 kronor
* Banca Ifis Raised to Outperform at KBW; PT 15 euros
* Befesa PT Raised to 78 euros from 69 euros at Berenberg
* Ocado Raised to Overweight at Morgan Stanley; PT 2,825 pence
* St James's Place Raised to Buy at Deutsche Bank; PT 1,620 pence

>>> Down
* BBVA Cut to Sell at Banco Sabadell; PT 5.03 euros
* Nordic Semiconductor Cut to Sell at Pareto Securities
* Orphazyme ADRs Cut to Market Perform at Cowen
* Philips Cut to Hold at HSBC; PT 50 euros
* SSE Cut to Hold at Jefferies; PT 1,680 pence

>>> Initiation
* Baidu ADRs Rated New Buy at Guosheng Securities; PT $269
* Engie Reinstated Buy at Citi; PT 15 euros
* Fashionette Rated New Buy at Berenberg; PT 60 euros
* HelloFresh Rated New Buy at Jefferies; PT 104 euros

>>> Call
* Europe Hydrogen Share Prices Have Up to 60% Upside, Citi Says
* Engie Valuation Doesn’t Reflect Attractive Growth Profile: Citi
* St James’s Place Raised at Deutsche Bank on Outlook Optimism
* Morgan Stanley Sees Oil-Drilling Budgets Expanding Through 2024
* Goldman to RBC See a Slow-But-Sure European Green Stocks Revival
* HelloFresh a Buy With Growth Outlook Not Appreciated: Jefferies
* Ocado at Attractive Entry Point, Risks Priced In: Morgan Stanley
* SSE Cut at Jefferies as Capex Plans Could Pressure Balance Sheet