>>> Europe : Brokers Upgrades & Downgrades - 27th of January 2022 V2(+)

>>> Up
* Air Liquide Raised to Buy at Goldman; PT 188 euros
* Amplifon Raised to Accumulate at Banca Akros (+)
* Byggmax Raised to Hold at Kepler Cheuvreux; PT 76 kronor (+)
* Cargotec Raised to Overweight at Morgan Stanley; PT 55 euros
* Carmila Raised to Outperform at Exane; PT 15.50 euros
* Centrica Raised to Reduce at AlphaValue/Baader
* Derwent London Raised to Outperform at Exane; PT 3,820 pence
* Essity Raised to Buy at Jyske Bank; PT 305 kronor 5+-
* Experian Raised to Sector Perform at RBC; PT 2,850 pence
* Galapagos Raised to Buy at Citi; PT 61 euros
* Gecina Raised to Buy at HSBC; PT 151 euros
* HSBC Raised to Outperform at Exane; PT 650 pence
* Hufvudstaden Raised to Hold at Nordea (+)
* Konecranes Raised to Overweight at Morgan Stanley; PT 45 euros
* LEG Immobilien Raised to Outperform at Exane; PT 139 euros
* Legrand Raised to Buy at Jefferies; PT 104 euros
* Musti Group Raised to Buy at Carnegie; PT 32 euros
* Pennon Raised to Buy at Investec; PT 1,215 pence
* Viscofan Raised to Buy at Mirabaud Securities; PT 61.68 euros
* Voltalia Raised to Outperform at Oddo BHF; PT 22 euros (+)
* Volue Raised to Buy at Pareto Securities; PT 60 kroner (+)

>>> Down
* AO World Cut to Hold at Jefferies; PT 100 pence (+)
* ArcelorMittal Cut to Neutral at Goldman; PT 33 euros
* Bpost Cut to Hold at Jefferies; PT 7.50 euros
* Emmi Cut to Hold at Stifel; PT 1,060 Swiss francs (+)
* Fresnillo Cut to Hold at Jefferies; PT 790 pence
* Fresnillo Cut to Sector Perform at RBC; PT 575 pence (+°
* Grifols Cut to Neutral at Alantra Equities; PT 21.05 euros
* Grifols ADRs Cut to Neutral at Alantra Equities; PT $23.79
* Man Group Cut to Neutral at Exane; PT 240 pence
* Orpea Cut to Sell at AlphaValue/Baader
* Rentokil Cut to Neutral at Exane; PT 550 pence
* Saab Cut to Hold at SEB Equities; PT 250 kronor
* Shurgard Cut to Neutral at Exane; PT 50 euros
* Vestas Cut to Hold at Kepler Cheuvreux; PT 180 kroner (+)

>>> Initiation
* About You Rated New Buy at Jefferies; PT 23 euros
* Dianomi Re-Initiated Buy at Liberum; PT 460 pence
* Kerry Group Rated New Overweight at Morgan Stanley; PT 127 euros

>>> Call
* AO World Cut to Hold at Jefferies as Growth Story Needs Rethink
* Bpost Outlook Seems More Challenging, Cut to Hold at Jefferies
* Deutsche Bank 4Q Mixed, Future Outlook Going Right Way: JPMorgan (+)
* Fresnillo Downgraded at Jefferies on Delayed Return to Growth
* Galapagos Raised to Buy at Citi on Cash Deployment Opportunities
* JPMorgan’s Wolf Says U.S. Stock Selloff is Overdone
* J.B. Hunt Raised as Barclays Sees Favorable Returns, Volume Up
* Odds for Aggressive Tightening by Fed ‘Materially Higher’: DB
* Orpea Cut to Sell at AlphaValue/Baader on Book Allegations (+)
* SAP Drops Premarket; No Update to FY25 FCF Targets: Jefferies (+)
* Siemens Energy Would Re-Rate on Siemens Gamesa Integration: Citi (+)
* STMicro May Rise Following Strong FY22 Guidance: Morgan Stanley (+)
* UBS Buying Wealthfront may Signal Shift in Strategy, Citi Says