>>> Europe : Brokers Upgrades & Downgrades - 26th of March 2021

>>> Up
* Assa Abloy Raised to Overweight at Barclays; PT 280 kronor
* BAT Raised to Buy at Jefferies; PT 3,606 pence
* CA Immo Raised to Buy at SRC Research; PT 41 euros
* Celyad Oncology SA ADRs Cut to Hold at JonesTrading
* Deutsche Wohnen Raised to Buy at LBBW; PT 45 euros
* ITM Power Raised to Buy at HSBC; PT 550 pence
* Nel Raised to Buy at HSBC; PT 33 kroner
* Next Raised to Outperform at RBC; PT 8,800 pence
* Polytec Holding Raised to Buy at Erste Group; PT 12.30 euros
* Rockwool Raised to Hold at Nordea
* Schibsted Raised to Overweight at JPMorgan; PT 432 kroner
* Zooplus PT Raised to 270 euros from 220 euros at Liberum

>>> Down
* Danone Cut to Neutral at Credit Suisse; PT 62 euros
* Hamburger Hafen Cut to Sell at LBBW; PT 18 euros
* Imperial Brands Cut to Hold at Jefferies; PT 1,466 pence
* Kuehne + Nagel Cut to Reduce at Baader Helvea
* Standard Life Aberdeen Cut to Hold at HSBC; PT 300 pence
* u-blox Cut to Reduce at Baader Helvea; PT 63 Swiss francs

>>> Initiation
* Ambea Rated New Buy at SEB Equities; PT 88 kronor
* Apple Reinstated Outperform at Exane; PT $150
* Autoliv Reinstated Equal-Weight at Wells Fargo; PT $97
* EFG International Rated New Outperform at Mediobanca SpA
* Neste ADRs Rated New Underperform at Cowen; PT $21
* Ocado Cut to Hold at Berenberg; PT 2,390 pence
* Poste Italiane Rated New Overweight at Barclays; PT 14 euros
* Richemont Rated New Hold at Investec; PT 95 Swiss francs
* Vontobel Rated New Neutral at Mediobanca SpA

>>> Call
* Next Upgraded on Strong Positioning, Cash Return Potential: RBC
* Ocado Cut With High Expectations to Weigh on Stock: Berenberg