>>> Europe : Brokers Upgrades & Downgrades - 25th of February 2022

>>> Up
* Amundi Raised to Outperform at Exane; PT 79 euros
* BAE Raised to Neutral at JPMorgan; PT 630 pence
* BP Raised to Outperform at RBC; PT 450 pence
* Calliditas Therapeutics Raised to Buy at Carnegie; PT 120 kronor-
* Campari Raised to Sector Perform at RBC; PT 9 euros
* Johnson Matthey Raised to Equal-Weight at Barclays
* Norsk Hydro Raised to Buy at UBS; PT 100 kroner
* Saab Raised to Buy at Carnegie; PT 285 kronor

>>> Down
* abrdn plc Cut to Underperform at Exane; PT 215 pence
* TotalEnergies Cut to Sector Perform at RBC; PT 55 euros
* Unilever Cut to Neutral at Goldman; PT 4,200 pence

>>> Initiation
* Boskalis Rated New Buy at Jefferies; PT 35 euros
* Deliveroo Rated New Equal-Weight at Morgan Stanley; PT 190 pence

>>> Call
* Goldman Strategists Cut Europe Stocks Target on Ukraine Risks
* Rates Hike Delays are Key Risk for European Banks: JPMorgan