>>> Europe : Brokers Upgrades & Downgrades - 23rd of March 2020

>>> Up
* AB InBev Raised to Equal-Weight at Barclays; PT 48 euros
* ALK-Abello Raised to Buy at ABG; PT 1,710 kroner
* Anglo American Raised to Buy at Renaissance Capital
* BMW Raised to Overweight at JPMorgan; PT 50 euros
* Boeing Raised to Buy at Goldman; PT $173
* Bunzl Raised to Equal-Weight at Morgan Stanley
* Burford Capital Raised to Buy at Berenberg
* Castellum Raised to Hold at SEB Equities; PT 170 kronor
* C&C Raised to Equal-Weight at Barclays; PT 170 pence
* Domino's Pizza Group Raised to Hold at Berenberg; PT 250 pence
* DWS Raised to Buy at Jefferies; PT 28 euros
* Flutter Raised to Hold at HSBC; PT 6,800 pence
* GEA Group Raised to Buy at HSBC; PT 21 euros
* Hella Raised to Overweight at JPMorgan; PT 32 euros
* IHG LN Raised to Equal-Weight at Morgan Stanley; PT 2,800 pence
* Magnit GDRs Raised to Buy at Goldman; PT $11.40
* Moneysupermarket Raised to Overweight at Barclays; PT 310 pence
* Mycronic Raised to Buy at Handelsbanken; PT 169 kronor
* Pearson Raised to Equal-Weight at Barclays; PT 540 pence
* Plus500 Raised to Buy at Berenberg; PT 860 pence
* Publicis Raised to Overweight at Barclays; PT 35 euros
* Rathbone Brothers Raised to Hold at Jefferies; PT 1,430 pence
* Rheinmetall Raised to Buy at HSBC; PT 86 euros
* Salzgitter Raised to Hold at Jefferies; PT 10 euros
* SES GDRs Raised to Overweight at Barclays; PT 7.15 euros
* Siltronic Raised to Hold at Berenberg; PT 63 euros
* Vetropack Raised to Buy at Baader Helvea; PT 3,100 Swiss francs
* X5 Retail GDRs Raised to Buy at Goldman; PT $32
* Yara Raised to Buy at Arctic Securities; PT 400 kroner
* Zooplus Raised to Buy at Berenberg; PT 136 euros
* Zur Rose Raised to Buy at Baader Helvea; PT 165 Swiss francs

>>> Down
* BBVA Cut to Neutral at Alantra Equities; PT 4 euros
* DCC Cut to Equal-Weight at Morgan Stanley
* Galp Cut to Add at AlphaValue
* ING Cut to Sell at AlphaValue
* ISS PT Cut to 80 kroner from 100 kroner at Jefferies
* Kerry Group Cut to Sell at Goldman; PT 93 euros
* Lufthansa Cut to Sell at AlphaValue
* Petra Diamonds Cut to Market Perform at BMO
* SEB Cut to Reduce at AlphaValue
* Weir Cut to Hold at Deutsche Bank; PT 950 pence

>>> Initiation


>>> Call
* IHG Raised at Morgan Stanley on Liquidity, Covenant Headroom
* KBC Unable to Make Correct Assessment of Belgian Govt Measures
* Swedbank Probe Unearths $40 Billion of ‘High Risk’ Transactions