>>> Europe : Brokers Upgrades & Downgrades - 22nd of February 20

>>> Up
*Cellnex Raised to Hold at Kepler Cheuvreux, PT EU15
*Euronext Raised to Buy at AlphaValue
*Flughafen Wien Raised to Accumulate at Erste Group, PT EU29.50
*Lukoil Raised to Buy at Deutsche Bank
*STMicroelectronics Raised to Overweight at Barclays

>>> Down
*Allianz Cut to Hold at Berenberg, PT EU175
*InterContinental Cut to Equal-Weight at Barclays
*Jyske Cut to Sell at ABG Sundal, PT DKK325
*Norwegian Air Cut to Sell at Citi, PT NOK225
*Salzgitter Cut to Hold at Bankhaus Lampe, PT EU40
*Swedish Match Cut to Hold at SocGen, PT SEK300

>>> Initiation
*IMI Rated New Buy at Liberum, PT 1460p
*Phoenix Reinstated Underweight at Barclays, PT 673p

>>> Call