>>> Europe : Brokers Upgrades & Downgrades - 27th of January 2020

>>> Up
* Babcock Raised to Add at Peel Hunt
* Bureau Veritas Raised to Buy at Berenberg
* Computacenter Raised to Buy at Berenberg; PT 2,150 pence
* DCC Raised to Buy at Peel Hunt
* GN Store Nord Raised to Hold at MainFirst; PT 344 kroner
* IMCD Raised to Buy at Berenberg
* Just Eat Raised to Overweight at Barclays; PT 1,018 pence
* Mowi Raised to Buy at SEB Equities; PT 250 kroner
* Ricardo Raised to Add at Peel Hunt
* RPS Group Raised to Add at Peel Hunt
* Vectura Raised to Buy at Peel Hunt; PT 114 pence

>>> Down
* Ashtead Cut to Hold at Peel Hunt
* Bunzl Cut to Sell at Berenberg
* Equiniti Cut to Hold at Peel Hunt
* FFP Cut to Hold at HSBC; PT 113 euros
* GBL Cut to Reduce at HSBC; PT 83 euros
* Horizon Discovery Cut to Hold at Peel Hunt
* LPKF Cut to Reduce at HSBC; PT 16 euros
* Medica Cut to Reduce at Peel Hunt
* NCC Cut to Hold at Berenberg
* SEB Cut to Hold at HSBC; PT 150 euros
* Serco Cut to Hold at Peel Hunt
* SFC Energy Cut to Reduce at Commerzbank; PT 9.20 euros
* Silence Therapeutics Cut to Hold at Peel Hunt

>>> Initiation


>>> Call
* Arion 4Q Negative Effects Seen Insignificant for Capital: Citi
* Bureau Veritas, IMCD Now Top Business Services Ideas: Berenberg
* *UK GENERAL RETAIL SECTOR VIEW CUT TO CAUTIOUS: MORGAN STANLEY
* Swatch, Richemont, Burberry Most Exposed to New Virus Risk: RBC
* Watch Italian Stocks After Salvini’s Defeat in Key Local Vote