>>> Europe : Brokers Upgrades & Downgrades - 24th of June 2022

>>> Up
* Air France-KLM Raised to Hold at Deutsche Bank; PT 1.50 euros
* Altria Raised to Equal-Weight at Morgan Stanley; PT $43
* Capita Raised to Buy at Peel Hunt; PT 48 pence
* Danske Bank Raised to Overweight at Morgan Stanley
* Heineken Raised to Buy at Deutsche Bank; PT 106 euros
* Pernod Ricard Raised to Buy at SocGen; PT 204 euros

>>> Down
* Akzo Nobel Cut to Neutral at Oddo BHF; PT 74 euros
* Covestro PT Cut to 32 euros from 38 euros at Citi
* Epiroc Cut to Neutral at Citi; PT 165 kronor
* Swedbank Cut to Underweight at Morgan Stanley; PT 157 kronor

>>> Initiation
* Var Energi Rated New Hold at SEB Equities; PT 40 kroner
* Vinci Rated New Buy at Berenberg; PT 105 euros

>>> Call
* Capita ‘Becoming More Investable,’ Peel Hunt Upgrades to Buy
* Epiroc Cut to Neutral at Citi on ‘Imminent’ Stalling of Growth
* Nordic Banks Exposed to Housing Correction, MS Cuts Swedbank
* Vinci New Buy at Berenberg, Resilient in Inflationary Scenario