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

>>> Up
* BAM Raised to Buy at ING; PT 3.50 euros
* BAT Raised to Overweight at JPMorgan; PT 4,000 pence
* Bechtle Raised to Buy at Jefferies; PT 63 euros
* Burford Capital Raised to Buy at Peel Hunt; PT 1,000 pence
* Enel Raised to Buy at Jefferies; PT 7 euros
* Orsted Raised to Hold at Jefferies; PT 750 kroner
* OVB Holding Raised to Buy at SRC Research; PT 30 euros
* Rightmove Raised to Sector Perform at RBC; PT 630 pence
* Schnitzer Steel Raised to Overweight at KeyBanc; PT $58

>>> Down
* Alcoa Cut to Equal-Weight at Morgan Stanley; PT $100
* Drax Cut to Hold at Jefferies; PT 700 pence
* eQ Cut to Reduce at Inderes; PT 27 euros
* Finnair Cut to Sell at SEB Equities; PT 35 euro cents
* IAG Cut to Hold at Deutsche Bank; PT 155 pence
* JDE Peet's Cut to Sell at Berenberg; PT 24 euros
* L'Oreal Cut to Underperform at Jefferies; PT 314 euros
* Lufthansa Cut to Hold at Deutsche Bank; PT 7.90 euros
* Nokian Renkaat Cut to Hold at Nordea
* Wizz Air Cut to Hold at Deutsche Bank; PT 2,900 pence

>>> Initiation
* Aker BioMarine ASA Rated New Buy at Nordea; PT 60 kroner
* Befesa Rated New Overweight at Morgan Stanley; PT 81 euros
* Freenet Rated New Neutral at Oddo BHF; PT 25 euros
* Scatec Rated New Hold at Arctic Securities; PT 140 kroner

>>> Call
* European Utilities Stocks Facing ‘Defining Moment’: Jefferies
* Rightmove Upgraded at RBC on Confidence It Can Meet Expectations