>>> Europe : Brokers Upgrades & Downgrades - 21st of September 2

>>> Up
* EDF Upgraded to Neutral at Exane
* Enel Upgraded to Outperform at Exane
* Hermes PT Raised at RBC on Higher Margin, Lower Tax Assumptions
* Maersk Upgraded to Buy at HSBC; PT 11,100 Kroner

>>> Down
* Danske Bank Downgraded to Neutral at BofAML
* Endesa Downgraded to Neutral at Exane
* Tom Tailor Downgraded to Hold at Commerzbank; PT 4.50 Euros
* Verbund Downgraded to Underperform at Exane

>>> Initiation
* Deutz Rated New Buy at Baader Helvea; PT 8.50 Euros
* Paragon Rated New Sector Perform at RBC; PT 5 Pounds
* Siemens Healthineers Reinstated Neutral at Oddo BHF; PT 39 Euros

>>> Call
*