>>> Europe : Brokers Upgrades & Downgrades - 26th of October 2021 V2(+)

>>> Up
* B&M European Raised to Overweight at JPMorgan; PT 720 pence
* Burckhardt Raised to Outperform at ZKB (+)
* Coty Raised to Buy at Deutsche Bank; PT $11
* Fortum Raised to Neutral at Oddo BHF (+)
* Renishaw Raised to Buy at Stifel; PT 6,000 pence (+)

>>> Down
* Aker BP Cut to Hold at Norne Securities; PT 350 kroner (+)
* Aker Carbon Capture Cut to Hold at Berenberg; PT 29 kroner
* Aker Carbon Capture Cut to Sell at Fearnley; PT 12 kroner
* EYEMAXX Real Cut to Sell at SRC Research; PT 60 euro cents
* James Fisher Cut to Hold at Peel Hunt; PT 550 pence
* KBC Group Cut to Market Perform at KBW; PT 80 euros
* Softcat Cut to Hold at Numis (+)
* Uniper Cut to Underperform at Oddo BHF (+)
* Xplora Technologies Cut to Neutral at SpareBank; PT 30 kroner

>>> Initiation
* Embracer Rated New Underperform at BofA; PT 70 kronor (+)
* DS Smith Rated New Overweight at Morgan Stanley; PT 450 pence (+)
* MPC Energy Solutions Rated New Buy at Arctic Securities
* Segro Rated New Buy at Berenberg; PT 1,500 pence
* Smurfit Kappa Rated New Equal-Weight at Morgan Stanley (+)
* Stora Enso Rated New Underweight at Morgan Stanley (+)
* Tritax EuroBox Rated New Buy at Berenberg; PT 130 pence
* Tritax Big Box Rated New Buy at Berenberg; PT 250 pence
* Urban Logistics REIT Rated New Buy at Berenberg; PT 200 pence
* UPM-Kymmene Rated New Equal-Weight at Morgan Stanley (+)
* Warehouse Rated New Buy at Berenberg; PT 200 pence

>>> Call
* Alfa Laval 3Q Beats, Citi Sees Upside Risk to Near-Term Orders (+)
* Berenberg Sees More Upside for Logistics Property Stocks
* Bunzl Estimates Raised at Citi on 3Q Beat, Guidance Boost (+)
* DSV Update on GIL Deal Integration ‘Sentiment Positive’: Citi (+)
* Essentra Pure-Play Components Plan Seen Adding Value: Peel Hunt (+)
* Faurecia 3Q Revenue ‘Broadly’ In Line, Guidance Confirmed: Citi (+)
* Novartis’ Beat May Lead to ‘Small Uptick’ for Shares: Jefferies (+)
* Orange Results Show Pressure on Wholesale Division, Goldman Says (+)
* Richemont Is ‘Rudderless’ With Future Unclear, Alphavalue Says
* Symrise 3Q Sales Beats on Flavor & Nutrition Strength: Jefferies (+)
* THG’s 3Q Results ‘Mixed’ With Slight Sales Beat, Citi Says (+)
* U.K. Homebuilder Stocks Offer Significant Value, Citi Says
* Value Retail Sector Well-Placed, B&M Up to Overweight: JPMorgan
* Whitbread Could Rise as Hotelier Predicts Faster Recovery: MS (+)