>>> Europe : Brokers Upgrades & Downgrades - 25th of May 2020

>>> Up
* Coca-Cola HBC Raised to Buy at Wood & Company; PT 2,383 pence
* JPMorgan Asia Growth & Income PLC Raised to Positive at Stifel
* Marks & Spencer Raised to Buy at Liberum

>>> Down
* Scottish Oriental Cut to Neutral at Stifel

>>> Initiation


>>> Call
* Carlsberg Fixes Its U.K. Problem With Marston’s JV, Citi Says