>>> Europe : Brokers Upgrades & Downgrades - 25th of June 2021

>>> Up
* Arkema Raised to Reduce at AlphaValue
* Aveva Raised to Buy at HSBC; PT 4,345 pence
* Coloplast Raised to Buy at SEB Equities; PT 1,125 kroner
* CRH Raised to Buy at Berenberg; PT 51 euros
* DFS Furniture PT Raised to 450 pence from 390 pence at Peel Hunt
* Nokia Raised to Buy at Goldman; PT 5.40 euros
* Nokia ADRs Raised to Buy at Goldman; PT $6.50
* Phoenix Group Raised to Outperform at Exane; PT 860 pence

>>> Down
* Fluidra Cut to Hold at HSBC; PT 33.50 euros
* Logitech Cut to Neutral at Goldman; PT 135 Swiss francs

>>> Initiation
* Dianomi Rated New Buy at Panmure Gordon; PT 385 pence
* Recordati Rated New Neutral at JPMorgan; PT 47 euros
* Vidrala Rated New Outperform at Oddo BHF; PT 111 euros

>>> Call
* CRH Up to Buy at Berenberg With Valuation Upside Seen Compelling