>>> Europe : Brokers Upgrades & Downgrades - 26th of August 2020 - V2 (+)

>>> Up
* Avance Gas Raised to Buy at SEB Equities; PT 45 kroner
* Better Collective Raised to Buy at SEB Equities; PT 170 kronor
* Bunzl PT Raised to 3,000 pence from 2,900 pence at Jefferies
* Endur ASA Raised to Buy at Norne Securities; PT 1.80 kroner (+)
* Fastighets AB Trianon Raised to Buy at Handelsbanken
* Genmab PT Raised to 2,800 kroner from 2,400 kroner at Jefferies
* Inchcape Raised to Overweight at JPMorgan; PT 594.70 pence
* Philips Raised to Hold at LBBW; PT 45 euros (+)
* Qiagen Raised to Buy at Commerzbank; PT $66
* Repsol Raised to Equal-Weight at Barclays; PT 10 euros
* RWE PT Raised to 45 euros from 42.30 euros at Bankhaus Metzler
* Salvatore Ferragamo Raised to Buy at Jefferies; PT 15 euros
* Stadler Rail Raised to Buy at Oddo BHF; PT 47 Swiss francs (+)

>>> Down
* Equinor Cut to Equal-Weight at Barclays; PT 165 kroner
* Norway Royal Salmon Cut to Hold at SEB Equities; PT 232 kroner (+)
* Pihlajalinna Cut to Hold at SEB Equities; PT 16 euros
* Shell Cut to Underweight at Barclays; PT 1,500 pence
* Signature Aviation Cut to Neutral at JPMorgan; PT 266.70 pence
* VAT Cut to Underweight at JPMorgan; PT 165 Swiss francs

>>> Initiation
* Aviva Resumed Buy at Shore Capital
* Kid ASA Reinstated Buy at Arctic Securities; PT 110 kroner (+)
* WH Smith Reinstated Buy at Goldman; PT 1,500 pence

>>> Call
* ASR Nederland 1H Looks Strong Across the Board, Citi Says (+)
* Ferragamo Upgraded to Buy, Retains Strong Brand Value: Jefferies
* Genmab Gets Street-High PT at Jefferies on Strong Pipeline
* H&M Pre-Covid Recovery Encouraging, Inditex Preferred: Jefferies (+)
* Qiagen Up To Buy at Commerzbank; to See Sales Boost From Covid (+)
* RWE Balance Sheet Underestimated, Metzler Ups PT to Street-High (+)
* Shell Cut to Underweight by Barclays on Expensive Valuation (+)
* Stadler Rail PT Raised at Citi on Better-Than-Expected Outlook (+)