>>> Europe : Brokers Upgrades & Downgrades - 23rd if June 2021 V2(+)

>>> Up
* Assa Abloy Raised to Hold at Handelsbanken; PT 280 kronor
* Atlantia Upgraded to BB by S&P, Outlook Positive
* BHP Group PLC Raised to Overweight at Morgan Stanley
* Cairn Energy Raised to Speculative Buy at Canaccord (+)
* DNB Raised to Buy at Citi
* EnQuest Raised to Speculative Buy at Canaccord; PT 26 pence (+)
* Hunting Raised to Overweight at JPMorgan; PT 290 pence
* IMI Raised to Buy at HSBC; PT 2,065 pence
* Partners Group Raised to Hold at Berenberg
* Shell Raised to Buy at SocGen; PT 1,702.53 pence
* Swedbank Raised to Overweight at JPMorgan; PT 195 kronor
* Travis Perkins Raised to Buy at Deutsche Bank; PT 2,056 pence
* Tullow Raised to Hold at Canaccord; PT 60 pence (+)
* Vallourec Raised to Buy at SocGen; PT 13.40 euros
* Virgin Money UK Raised to Hold at Investec; PT 205 pence (+)
* Wacker Chemie Raised to Buy at Baader Helvea; PT 165 euros (+)

>>> Down
* Burberry Cut to Hold at HSBC; PT 2,350 pence (+)
* DNB Cut to Neutral at JPMorgan; PT 200 kroner
* Glencore Cut to Equal-Weight at Morgan Stanley; PT 334 pence
* Hermes International Cut to Reduce at HSBC; PT 1,000 euros (+)
* Hurricane Energy Cut to Sell at Canaccord; PT 0.30 pence (+)
* Kering Cut to Hold at HSBC; PT 820 euros (+)
* Richemont Cut to Hold at HSBC; PT 124 Swiss francs (+)
* Wartsila Cut to Hold at Pareto Securities; PT 13.50 euros (+)

>>> Initiation
* Alphawave IP Rated New Outperform at BMO; PT 425 pence
* Alphawave IP Rated New Overweight at Barclays; PT 475 pence (+)
* CentralNic Rated New Buy at Berenberg; PT 180 pence
* dotdigital Rated New Buy at Berenberg; PT 290 pence
* Gusbourne Rated New Buy at Panmure Gordon; PT 118 pence (+)
* Momentum Rated New Buy at Danske Bank Markets; PT 240 kronor (+)
* Paion Rated New Buy at Stifel; PT 4.15 euros
* Polar Capital Rated New Buy at Panmure Gordon; PT 929 pence
* Spirent Rated New Buy at Berenberg; PT 310 pence
* Trustpilot Rated New Buy at Peel Hunt; PT 430 pence
* VP Rated New Buy at Berenberg; PT 1,310 pence

>>> Call
* Berkeley Profit Beats, Enquiry Levels Should Reassure: Jefferies (+)
* Castellum, Fabege Best Prepared for Climate Adaptation: SHB
* DNB Premium Versus Peers Justified, Upgraded to Buy at Citi
* Nordea, DNB's $15 Billion Payout Leads Likes of Barclays, SocGen
* Pernod FY Guidance Upgrade Stronger Than Anticipated: Jefferies (+)
* Spirent, DotDigital and CentralNic All Rated Buy at Berenberg (+)
* Travis Perkins Upgraded at Deutsche Bank; Other Brokers Lift PTs (+)
* Upside Potential Across Israeli Banks as Economy Grows: Barclays
* VW’s Performance in China Is Somewhat Worrisome, Bernstein Says