>>> Europe : Brokers Upgrades & Downgrades - 24th of February 2021 V2(+)

>>> Up
* BNP Paribas Raised to Equal-Weight at Barclays; PT 45.20 euros
* Credit Agricole Raised to Overweight at JPMorgan; PT 15.50 euros
* EDP Renovaveis Raised to Buy at JB Capital Markets; PT 22 euros
* ElringKlinger Raised to Hold at M.M. Warburg; PT 12.50 euros (+)
* Enagas Raised to Neutral at JPMorgan; PT 17.70 euros
* Epiroc Raised to Buy at SEB Equities; PT 220 kronor
* Frontier Developments Raised to Buy at Shore Capital (+)
* Genmab Raised to Buy at Jyske Bank; PT 2,700 kroner (+)
* GN Store Nord Raised to Hold at Stifel; PT 550 kroner
* Greencore Group Raised to Buy at HSBC; PT 170 pence
* Jungheinrich Raised to Buy at LBBW; PT 42 euros (+)
* MTU Aero Raised to Neutral at JPMorgan; PT 171 euros
* Nemetschek Raised to Buy at Hauck & Aufhaeuser; PT 62 euros (+)
* Paradox Interactive Raised to Buy at ABG; PT 225 kronor
* Re:NewCell Raised to Buy at Pareto Securities; PT 315 kronor (+)
* Simcorp Raised to Hold at Handelsbanken; PT 800 kroner
* Simcorp Raised to Hold at SEB Equities; PT 775 kroner
* Team17 Raised to Hold at Shore Capital; PT 720 pence (+)
* Tesco Raised to Outperform at Credit Suisse; PT 280 pence (+)
* Tomra Raised to Buy at Kepler Cheuvreux; PT 425 kroner
* Wizz Air PT Raised to 6,000 pence from 5,750 pence at Citi
* Zalando Raised to Buy at Erste Group

>>> Down
* Applus Cut to Neutral at Alantra Equities; PT 9.80 euros
* Assura Cut to Neutral at JPMorgan; PT 83 pence
* Bakkafrost Cut to Sell at Pareto Securities; PT 580 kroner
* EDF Cut to Sell at Bryan Garnier; PT 9 euros (+)
* Enagas Cut to Neutral at Exane; PT 19 euros
* Fagerhult Cut to Hold at Kepler Cheuvreux; PT 50 kronor (+)
* InterContinental Hotels Cut to Hold at Deutsche Bank
* JSW Cut to Sell at Citi
* Jyske Cut to Hold at Handelsbanken; PT 290 kroner
* Kosmos Energy Cut to Hold at Berenberg
* Natixis Cut to Equal-Weight at Barclays; PT 3.70 euros
* Sainsbury Cut to Neutral at Credit Suisse; PT 271 pence
* Sobi Cut to Equal-Weight at Barclays; PT 150 kronor
* Standard Chartered Cut to Hold at Investec; PT 500 pence (+)
* United Utilities Cut to Equal-Weight at Morgan Stanley
* Wizz Air Cut to Sell at Concorde; PT 4,340 pence
* Zalando Cut to Hold at Nordea (+)

>>> Initiation
* ASML ADRs Rated New Outperform at Haitong Intl; PT $700
* Gamesys Group PLC Rated New Buy at Jefferies; PT 1,930 pence
* Herald Investment Rated New Hold at Investec
* ITM Power Rated New Overweight at JPMorgan; PT 700 pence
* MPC Energy Solutions Rated New Buy at SpareBank; PT 100 kroner
* NEL Rated New Neutral at JPMorgan; PT 28 kroner
* Stellantis NV Resumed Buy at Citi; PT 20 euros
* THG PLC Rated New Market Perform at Bernstein; PT 680 pence

>>> Call
* ADP Price Target Upped at Berenberg, With ‘Relative Upside’ Seen (+)
* BioMerieux May See Consensus Upgrades on Ebit Aim: Jefferies (+)
* Enagas Dividend Could Be Cut in 2022 With New Board: Citi (+)
* Lloyds 4Q Beats on Mortgages, Guidance Reassures: Morgan Stanley (+)
* Norsk Hydro Risk/Reward ‘Compelling,’ PT Hiked at Morgan Stanley
* Ontex Shares Likely to Be Muted After Weak 4Q Results: MS (+)
* Stellantis a True Value Play, Expect Consensus Upgrades: Citi
* Synthomer M&A Interest Shows Valuation Attractive: Jefferies
* United Utilities Cut at Morgan Stanley on Valuation Headwinds