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

>>> Up
* Credit Suisse Raised to Outperform at KBW; PT 14 Swiss francs
* Kojamo Raised to Buy at Goldman; PT 21.40 euros
* Meggitt Raised to Outperform at Bernstein; PT 479 pence
* Neles Raised to Buy at Handelsbanken; PT 13 euros
* Next Fifteen Raised to Buy at Peel Hunt; PT 590 pence
* Sparebanken Telemark Raised to Buy at Norne Securities
* SSE Raised to Outperform at RBC; PT 1,625 pence
* Swiss Re Raised to Buy at Citi
* Swiss Re Raised to Buy at Oddo BHF
* VAT Raised to Neutral at Kempen & Co; PT 180 Swiss francs

>>> Down
* Amedeo Air Four Plus Cut to Hold at Jefferies
* ASML Cut to Neutral at Kempen & Co; PT 350 euros
* BMW Cut to Equal-Weight at Morgan Stanley; PT 66 euros
* ContourGlobal Cut to Sector Perform at RBC; PT 205 pence
* EDP Renovaveis Cut to Sector Perform at RBC; PT 17.50 euros

* Fortum Cut to Reduce at AlphaValue
* HelloFresh Cut to Underweight at JPMorgan; PT 35 euros
* Maersk Drilling Cut to Sell at SEB Equities; PT 170 kroner
* Orsted AS Cut to Sector Perform at RBC; PT 1,050 kroner
* Solaria Energia Cut to Sector Perform at RBC; PT 18 euros
* United Utilities Cut to Sector Perform at RBC; PT 950 pence

>>> Initiation
* BEWi Rated New Buy at SpareBank; PT 30 kroner
* DWF Group Rated New Hold at Liberum; PT 90 pence
* Elekta Rated New Market Perform at Bernstein; PT 120 kronor
* Gateley Rated New Buy at Liberum; PT 220 pence
* Knights Rated New Buy at Liberum; PT 485 pence
* Northern Data Rated New Buy at Stifel; PT 90 euros

>>> Call
* BMW Lacks Clear Path to Electrification, Morgan Stanley Says
* Lundin Mining Candelaria Labor Progress is Positive Catalyst: MS
* Sell Latour Shares as High NAV Premium Hard to Justify: DI
* Swiss Re Upgraded at Citi With 2021 to Mark Earnings Inflection