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

>>> Up
* Allianz Upgraded to Buy at Berenberg
* DiaSorin Upgraded to Buy at Kepler Cheuvreux; PT 100 Euros
* Telenor Upgraded to Neutral at JPMorgan; PT 167 Kroner

>>> Down
* Ceconomy Downgraded to Hold at Commerzbank; PT Set to 9 Euros
* Equinor Downgraded to Sell at DZ Bank; PT 190 Kroner
* Heidelberger Druck Downgraded to Reduce at AlphaValue
* Zurich Ins. Downgraded to Hold at Berenberg

>>> Initiation
* Adyen Rated New Outperform at Evercore ISI; PT 508 Euros
* Epiroc Rated New Buy at SEB Equities; PT 102 Kronor
* FirstGroup Rated New Buy at Goldman
* Immobel Rated New Buy at Kepler Cheuvreux; PT 62 Euros
* NFON Rated New Buy at Baader-Helvea; PT 20 Euros
* Spire Healthcare Rated New Add at Peel Hunt; PT 2.78 Pounds
* Terna Energy Rated New Buy at Wood & Company; PT 6.90 Euros

>>> Call