>>> Europe : Brokers Upgrades & Downgrades - 25th of July 2019

>>> Up
* AMS Upgraded to Buy at AlphaValue
* Drax Upgraded to Neutral at Citi
* Lindt & Spruengli Upgraded to Reduce at AlphaValue
* Logista Upgraded to Buy at SocGen; PT 24 Euros
* Nexity Upgraded to Buy at AlphaValue
* Repsol Upgraded to Buy at Goldman; PT 20 Euros
* Segro Upgraded to Neutral at JPMorgan; PT 7.75 Pounds
* Software AG Raised to Equal-weight at Morgan Stanley

>>> Down
* Asos Downgraded to Hold at HSBC; PT 24.30 Pounds
* Basic-Fit Cut to Underweight at Morgan Stanley; PT 27 Euros
* Concentric Downgraded to Hold at SEB Equities; PT 132 Kronor
* Duerr Downgraded to Hold at HSBC; PT 31 Euros
* Informa Downgraded to Hold at Kepler Cheuvreux; PT 9.10 Pounds
* Informa Downgraded to Hold at Berenberg

>>> Initiation
* Stratec Rated New Buy at Bankhaus Lampe; PT 76 Euros

>>> Call
* Informa Cut to Hold, Fairly Valued But Limited Upside: Berenberg