>>> Europe : Brokers Upgrades & Downgrades - 21st of May 2020 v2(+)

>>> Up
* Colonial Raised to Neutral at CaixaBank BPI; PT 8.30 euros
* Drax Raised to Outperform at Credit Suisse; PT 305 pence (+)
* Leifheit Raised to Buy at Pareto Securities; PT 24.50 euros

>>> Down
* ADS Crude Carriers Cut to Hold at Cleaves Securities
* Amadeus Cut to Hold at Deutsche Bank; PT 45 euros
* Austrian Post Cut to Underweight at Barclays; PT 28 euros
* BCP Cut to Neutral at JPMorgan; PT 11 euro cents
* Euronav Cut to Sell at Cleaves Securities; PT 7.47 euros
* Experian Cut to Sector Perform at RBC; PT 2,700 pence
* Frontline Cut to Sell at Cleaves Securities; PT $4.80
* Grafton Cut to Neutral at Davy
* Hafnia Cut to Sell at Cleaves Securities; PT 11 kroner
* Hunter Group Cut to Sell at Cleaves Securities; PT 2.90 kroner
* Logitech Cut to Neutral at JPMorgan; PT 55.08 Swiss francs
* Okeanis Eco Tankers Cut to Sell at Cleaves Securities

>>> Initiation
* Capital Drilling Rated New Buy at Berenberg; PT 77 pence
* Dialog Semi Rated New Outperform at Cowen; PT 41 euros
* Frontier Developments Rated New Hold at Panmure Gordon
* Siemens Gamesa Resumed Buy at Citi; PT 17.50 euros

>>> Call
* European Banks Had Decent 1Q But Outlook is Bleak: Berenberg
* Experian Cut to Sector Perform at RBC With Limited Upside Seen
* Intertek Trading More Resilient Than Expected, JPMorgan Says (+)
* Siemens Gamesa’s 2021 Offshore Wind Opportunities Intact: Citi
* Signature Aviation May Get Business Jet Recovery Boost: Citi