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

>>> Up
* Alumetal Raised to Neutral at Biuro Maklerskie mBanku (+)
* ASML Raised to Hold at DZ Bank; PT 335 euros (+)
* Bucher PT Raised to 420 Swiss francs at Berenberg
* Chr. Hansen Raised to Neutral at Goldman; PT 660 kroner
* Corem Property Raised to Buy at Kepler Cheuvreux; PT 25 kronor (+)
* IAG Raised to Buy at Goodbody; PT 130 pence
* Jungheinrich PT Raised to 38 euros at M.M. Warburg (+)
* Kuehne + Nagel Raised to Reduce at AlphaValue
* Learning Tech Raised to Buy at Canaccord; PT 150 pence (+)
* Lundbeck Raised to Buy at SEB Equities; PT 230 kroner
* MDxHealth Raised to Buy at KBC Securities; PT 1 euro (+)
* Norma PT Raised to 44 euros from 37 euros at Berenberg
* Ponsse Raised to Accumulate at Inderes; PT 29 euros (+)
* Sartorius PT Raised to 460 euros at Bankhaus Metzler
* Somfy Raised to Buy at Oddo BHF; PT 145 euros (+)
* StanChart Upgraded at Macquarie Amid Limited Consumer Exposure
* Superdry Raised to Add at Peel Hunt; PT 200 pence
* Swedbank Raised to Buy at Arctic Securities; PT 165 kronor
* Yara Raised to Buy at SEB Equities; PT 395 kroner

>>> Down
* Air Liquide Cut to Neutral at Atlantic Equities; PT 142 euros
* Barco Cut to Accumulate at KBC Securities; PT 20 euros (+)
* Galapagos Cut to Sell at Goldman; PT 87 euros
* Kion Cut to Hold at Deutsche Bank; PT 78 euros
* Reply Cut to Hold at UBI Banca (+)
* Saab Cut to Neutral at BofA; PT 240 kronor (+)
* Yara Cut to Neutral at Credit Suisse; PT 340 kroner (+)

>>> Initiation
* AIB Group Resumed Buy at Deutsche Bank; PT 1.20 euros
* Bank of Ireland Resumed Buy at Deutsche Bank; PT 2.50 euros
* DFS Furniture Rated New Buy at Shore Capital; PT 330 pence
* Electrolux Professional Rated New Buy at Pareto Securities (+)
* Entra Reinstated Sell at Pareto Securities; PT 100 kroner
* Metro Bank Reinstated Buy at Jefferies; PT 73 pence (+)
* Permanent TSB Resumed Hold at Deutsche Bank; PT 50 euro cents
* Roche Bobois SAS Rated New Buy at Bryan Garnier; PT 22 euros (+)
* Thales Rated New Buy at Berenberg; PT 90 euros
* Wienerberger Rated New Equal-Weight at Morgan Stanley

>>> Call
* Bucher to Benefit from Recovery, Berenberg PT to New Street High (+)
* Ericsson 3Q ‘Stellar,’ Networks Margin ‘Robust’: Handelsbanken (+)
* Ericsson Could Now Be Upgraded to Investment Grade: Danske Bank (+)
* Handelsbanken 3Q Displays Ongoing Credit Strength: Jefferies (+)
* IAG Upgraded at Goodbody as 3Q ‘Should Give Investors Comfort’ (+)
* Inficon 3Q Slump in Earnings is ‘Significant,’ Mirabaud Says (+)
* Kion Cut at Deutsche Bank on Industrial-Truck Margin Weakness
* Nestle 3Q Sales Beat Led by Emerging Markets, Water: Jefferies (+)
* Segro 3Q Solid and Strong Returns Outlook Intact, MS Says (+)
* Thales ‘Overlooked,’ Organic Growth to Return in 2021: Berenberg
* Wienerberger Initiated Equal-Weight, May Be Value Trap, MS Says