>>> Europe : Brokers Upgrades & Downgrades - 28th of March 2022

>>> Up
* BASF Raised to Buy at HSBC; PT 65 euros
* Moonpig Raised to Add at Peel Hunt; PT 300 pence
* Temple Bar Investment Trust PLC Raised to Buy at Investec
* VIB Vermoegen Raised to Buy at SRC Research; PT 51 euros

>>> Down
* Heineken Cut to Underweight at Barclays; PT 81 euros

>>> Initiation
* Hertz Rated New Buy at Tigress; PT $32
* MorphoSys Reinstated Buy at Berenberg; PT 65 euros

>>> Call
* Solid Cash Flow, Low Leverage Boost European Cash Returns, M&A