>>> Europe : Brokers Upgrades & Downgrades - 22nd of August 2018

>>> Up
* Danske Raised, Now Preferred Over DNB at Morgan Stanley
* Huber + Suhner Upgraded to Outperform at ZKB
* Lancashire Upgraded to Hold at Berenberg
* Latour Upgraded to Buy at DNB Markets; PT 115 Kronor
* NSI Upgraded to Buy at ING; PT 36 Euros
* Provident Upgraded to Hold at Berenberg
* Rio Raised at Liberum on China Property, Iron Ore Price Outlook
* Wood Upgraded to Equal-weight at Morgan Stanley; PT 9 Pounds

>>> Down
* DNB Downgraded to Equal-weight at Morgan Stanley; PT 194 Kroner
* Hufvudstaden Downgraded to Sell at DNB Markets; PT 132 Kronor
* Implenia Downgraded to Neutral at MainFirst; PT 77 Francs
* Jyske Downgraded to Hold at SEB Equities; PT 355 Kroner
* MorphoSys Downgraded to Hold at Commerzbank; PT 107 Euros
* VP Bank Downgraded to Market Perform at ZKB

>>> Initiation
* Acciona Rated New Buy at Citi; PT 82.50 Euros
* Kuros Biosciences Rated New Buy at Mirabaud Securities
* Valora Rated New Reduce at Kepler Cheuvreux; PT 250 Francs