>>> Europe : Brokers Upgrades & Downgrades - 25th of June 2021 V2(+)

>>> 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
* Future PLC PT Raised to 3,510 pence from 2,300 pence at Barclays (+)
* 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
* Serica Raised to Buy at Investec; PT 150 pence (+)

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

>>> Initiation
* CAF Rated New Buy at Mirabaud Securities; PT 46.29 euros (+)
* Comcast Rated New Buy at Redburn (+)
* 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
* Essilor-GrandVision Legal Battle Unlikely Right Now: Bernstein (+)
* Vifor’s New CEO Will Face Immediate Challenges, Vontobel Says (+)