>>> Europe : Brokers Upgrades & Downgrades - 24th of June 2022 V2(+)

>>> 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
* Immofinanz Raised to Hold at Wood & Company; PT 15.80 euros (+)
* Pernod Ricard Raised to Buy at SocGen; PT 204 euros

>>> Down
* Akzo Nobel Cut to Neutral at Oddo BHF; PT 74 euros
* Cadeler Raised to Buy at Pareto Securities; PT 42 kroner (+)
* Covestro PT Cut to 32 euros from 38 euros at Citi
* Epiroc Cut to Neutral at Citi; PT 165 kronor
* Indra Cut to Hold at Mirabaud Securities; PT 11.48 euros (+)
* Swedbank Cut to Underweight at Morgan Stanley; PT 157 kronor

>>> Initiation
* Made.com Rated New Buy at Investec; PT 121 pence (+)
* Siemens Healthineers Rated New Buy at Bankhaus Metzler (+)
* 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
* Citi Sees Growth for European Capital Goods Amid Recession Fears (+)
* Epiroc Cut to Neutral at Citi on ‘Imminent’ Stalling of Growth
* Heineken Upgraded at Deutsche Bank on Defensive Qualities (+)
* Nordic Banks Exposed to Housing Correction, MS Cuts Swedbank
* Siemens Healthineers a Buy at Metzler on Robust Device Portfolio (+)
* Vinci New Buy at Berenberg, Resilient in Inflationary Scenario