>>> Europe : Brokers Upgrades & Downgrades - 23rd of May 2019

>>> Up
* Anglo American Upgraded to Buy at SocGen
* Eutelsat Upgraded to Buy at HSBC; PT 19.50 Euros
* Heineken Upgraded to Add at AlphaValue
* HSBC Upgraded to Buy at Goldman; PT 9.25 Pounds
* Inwit Upgraded to Buy at Citi; PT Set to 9 Euros
* Opus Upgraded to Buy at Kepler Cheuvreux; PT 6.75 Kronor
* Rio Tinto Upgraded to Hold at SocGen

>>> Down
* Babcock Downgraded to Hold at Stifel; PT 4.85 Pounds
* dormakaba Cut to Reduce at Kepler Cheuvreux; PT 645 Francs
* Maha Downgraded to Neutral at SpareBank; PT 32 Kronor
* Proximus Downgraded to Neutral at Citi
* SafeCharge Downgraded to Neutral at Macquarie; PT 4.36 Pounds
* SAS Downgraded to Hold at HSBC; PT 16 Kronor
* Uniper Credit Downgrade Worry, Total Bond Sale: EU Energy Wrap

>>> Initiation
* Argenx Reinstated at Guggenheim With Buy; PT 157 Euros
* Equiniti Reinstated at Goldman With Buy; PT 3.10 Pounds
* Nexi Rated New Outperform at Mediobanca SpA; PT 10.50 Euros
* Nexi Rated New Overweight at Barclays; PT 10 Euros
* Nexi Rated New Buy at Goldman; PT 10.80 Euros
* Nexi Rated New Buy at HSBC; PT 10 Euros
* Nexi Rated New Neutral at Citi; PT 9.40 Euros
* OMV Rated New Buy at Berenberg; PT 60 Euros
* Serica Rated New Buy at Jefferies; PT 1.85 Pounds
* Swedish Match Reinstated Overweight at Barclays; PT 530 Kronor

>>> Call
* Inwit Set to Benefit From Vodafone Deal, Time to Buy: Citi