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

>>> Up
* Aena Raised to Buy at Goldman; PT 147 euros
* BNP Paribas Raised to Overweight at Morgan Stanley; PT 41 euros
* CNP Assurances Raised to Buy at HSBC; PT 14.60 euros
* Deutsche Wohnen PT Raised to 60 euros at Deutsche Bank
* E.On Raised to Add at AlphaValue
* Eurofins Scientific Raised to Buy at Jefferies; PT 700 euros
* KWS Saat Raised to Buy at Pareto Securities; PT 69 euros
* Ricardo Raised to Buy at HSBC; PT 430 pence
* Rockwool Raised to Overweight at Barclays; PT 2,000 kroner
* Shop Apotheke PT Raised to 140 euros at Deutsche Bank
* Unite Group Raised to Overweight at JPMorgan; PT 900 pence

>>> Down
* Bertrandt Cut to Hold at Bankhaus Metzler; PT 37 euros
* Electrolux Cut to Hold at DNB Markets; PT 160 kronor
* Fraport Cut to Sell at Goldman; PT 33 euros
* Hella Cut to Hold at MainFirst; PT 36 euros
* ISS Cut to Underperform at Jefferies; PT 80 kroner
* Kingspan Cut to Underweight at Barclays; PT 42 euros
* Pearson Cut to Sell at Berenberg; PT 400 pence

>>> Initiation
* Nordex Reinstated Buy at Jefferies; PT 12 euros
* SMA Solar Reinstated Hold at Jefferies; PT 29 euros

>>> Call
* Adidas, Brenntag, Kion, SKF Added to Berenberg’s Large-Cap Picks
* Burberry PT, EPS Estimates Cut at Citi on Tougher Mid-Term View
* Eurofins Gets Street-High PT at Jefferies on Re-Rating Potential
* European Insurance Stocks’ Underperformance is Unwarranted: RBC
* French, Benelux Bank Outlook Uncertain, BNP Paribas Raised: MS
* Pearson Cut at Berenberg on ‘Severe’ Enrollment Disruption