>>> Europe : Brokers Upgrades & Downgrades - 26th of April 2022 V2(+)

>>> Up
* CVS Group Raised to Buy at Jefferies; PT 2,110 pence
* DEFAMA AG Raised to Buy at SRC Research; PT 32 euros
* Essity Raised to Hold at HSBC; PT 240 kronor
* Gerresheimer Raised to Outperform at Oddo BHF; PT 101 euros
* Global Petroleum Raised to Buy at Panmure Gordon; PT 1.20 pence (+)
* Intesa Sanpaolo Raised to Buy at Banca Akros (+)
* Pennon Raised to Buy at HSBC; PT 1,220 pence (+)
* Randstad Raised to Buy at KBC Securities (+)
* Rilba Raised to Buy at Handelsbanken
* Stabilus Raised to Overweight at JPMorgan; PT 62 euros

>>> Down
* Altarea Cut to Neutral at Oddo BHF; PT 160 euros (+)
* EDP Renovaveis Cut to Sell at SocGen; PT 21 euros
* Intesa Sanpaolo Cut to Hold at DZ Bank; PT 2.15 euros (+)
* SpareBank 1 SMN Cut to Sell at ABG; PT 130 kroner
* SR-Bank Cut to Sell at ABG; PT 129 kroner

>>> Initiation
*
* Embracer Rated New Buy at ABG; PT 150 kronor
* Nilfisk Rated New Buy at SEB Equities; PT 240 kroner

>>> Call
* Goldman Strategists Prefer Stocks Despite Narrowing Yield Gap (+)
* Bayer Seen Outperforming as Citi Cites Improving Narrative (+)
* Carrefour Raised on FX, Inflation, But Still Cautious: Bernstein
* CVS Group Raised at Jefferies on Solid Growth, Pricing Power
* Santander Beat Helped By Lower Provisions; CET1 Solid: Jefferies (+)
* SIG Group 1Q ‘Steady,’ Showed Defensive Credentials: Citi (+)
* Taylor Wimpey Trading Update Looks ‘Reassuring,’ Citi Says (+)
* UBS 1Q Was a Strong Beat, Helped by Investment Bank: Jefferies (+)