>>> Europe : Brokers Upgrades & Downgrades - 22nd of June 2021 V2(+)

>>> Up
* British Land Raised to Overweight at JPMorgan; PT 600 pence
* Couche-Tard Raised to Buy at Goldman; PT C$52
* EasyJet Raised to Neutral at Citi
* Epiroc Raised to Buy at Pareto Securities; PT 210 kronor (+)
* F-Secure Raised to Buy at SEB Equities; PT 4.70 euros
* Italgas Raised to Hold at Deutsche Bank
* Land Sec. Raised to Overweight at JPMorgan; PT 850 pence
* Munich Re Raised to Buy at SocGen; PT 270 euros (+)
* Nordex Raised to Buy at SocGen; PT 27 euros
* Noreco Raised to Buy at SpareBank; PT 165 kroner
* Nynomic Raised to Buy at M.M. Warburg (+)
* Pandora Raised to Buy at Nordea; PT 1,100 kroner (+)
* SSE Raised to Buy at Deutsche Bank (+)
* Terna SPA Raised to Buy at Deutsche Bank (+)
* Yara Raised to Buy at Pareto Securities; PT 525 kroner (+)

>>> Down
* ADP Cut to Sell at Citi; PT 101 euros
* Aker BP Cut to Neutral at SpareBank; PT 280 kroner
* Altri Cut to Hold at Bestinver; PT 6.25 euros
* Boohoo Cut to Hold at Investec; PT 332 pence (+)
* BW Energy Cut to Neutral at SpareBank; PT 30 kroner
* DNO Cut to Neutral at SpareBank; PT 12 kroner
* Ence Cut to Hold at Bestinver; PT 3.45 euros
* Galp Cut to Sector Perform at RBC; PT 11.50 euros
* Gulf Keystone Cut to Neutral at SpareBank; PT 224 pence
* HAL Cut to Neutral at Oddo BHF; PT 146 euros (+)
* Iberdrola Cut to Hold at Deutsche Bank (+)
* Klepierre Cut to Underweight at JPMorgan; PT 20 euros
* Pennon Cut to Hold at Deutsche Bank (+)
* Red Electrica Cut to Sell at Deutsche Bank (+)
* Sonova Cut to Hold at Stifel; PT 370 Swiss francs
* United Utilities Cut to Hold at Deutsche Bank (+)
* Zurich Airport Cut to Sell at Citi; PT 143 Swiss francs

>>> Initiation
* Antares Vision Rated New Equal-Weight at Morgan Stanley
* Antares Vision Rated New Overweight at JPMorgan; PT 14.30 euros
* Bossard Rated New Buy at Berenberg; PT 340 Swiss francs
* Deutsche Industrie REIT Rated New Hold at Jefferies; PT 19 euros
* Montana Aerospace Rated New Buy at Berenberg; PT 49 Swiss francs
* Norsk Titanium Rated New Buy at SEB Equities; PT 15 kroner
* Sirius Real Estate Rated New Buy at Jefferies
* Technotrans Rated New Buy at LBBW; PT 32 euros
* VIB Vermoegen Rated New Buy at Jefferies; PT 44 euros

>>> Call
* ADP, Zurich Airport Cut to Sell at Citi, Sector Risks Looming
* Bossard a Buy as Model is ‘Misunderstood,’ Berenberg Says
* CNH Buying Raven Positive for Ag Growth Unit, National Bank Says
* Diageo Shares Likely to Be Held Back by FX Headwinds: Citi (+)
* Europe Airlines Face Mixed Recovery Path, Easyjet Upgraded: Citi
* EU Telecoms to Rerate on NGEU Funds, But Still Lack EPS Momentum
* Morrison Has ‘Material Valuation Upside’ Above CD&R’s Bid: Quest
* Pandora Upgraded at Nordea With Further Upside Seen for Stock (+)
* VIB, Sirius RE Are Jefferies’s German Logistics Property Picks