>>> Europe : Brokers Upgrades & Downgrades -28th of May 2020

>>> Up
* EKF Diagnostics Cut to Hold at Panmure Gordon; PT 49 pence
* FirstGroup Raised to Buy at HSBC; PT 80 pence
* M6 Raised to Overweight at JPMorgan; PT 12.90 euros
* Nokian Renkaat Raised to Buy at Handelsbanken; PT 26 euros
* Proximus Raised to Buy at Citi
* Salvatore Ferragamo Raised to Hold at Jefferies; PT 11 euros
* Stagecoach Raised to Hold at HSBC; PT 60 pence
* TF1 Raised to Overweight at JPMorgan; PT 7 euros
* Travis Perkins Raised to Neutral at Davy

>>> Down
* Aumann Cut to Reduce at Commerzbank; PT 8.40 euros
* BillerudKorsnas Cut to Neutral at Citi
* Campari Cut to Sell at Citi
* EDP Cut to Hold at SocGen; PT 4.10 euros
* FLEX LNG Cut to Hold at SEB Equities; PT 50 kroner
* Go-Ahead Cut to Hold at HSBC; PT 1,190 pence
* Maersk Cut to Sell at Berenberg; PT 5,500 kroner
* Orpea Cut to Sell at Berenberg; PT 81 euros
* Rieter Cut to Sell at Baader Helvea; PT 75 Swiss francs
* Signature Aviation Cut to Sell at Berenberg

>>> Initiation
* Electrolux Professional Rated New Hold at SEB Equities
* Games Workshop Rated New Buy at Jefferies; PT 8,500 pence
* Greggs Rated New Buy at Jefferies; PT 2,375 pence
* Ice Group Rated New Hold at Arctic Securities; PT 18 kroner
* Infineon Reinstated Overweight at Morgan Stanley; PT 24 euros
* QSC Rated New Buy at MainFirst; PT 2.25 euros
* Sika Rated New Buy at Berenberg; PT 210 Swiss francs

>>> Call
* Berenberg Cautious on European Care Homes, Cuts Orpea to Sell
* BillerudKorsnas Caught up With Valuation, Rating Cut at Citi
* Games Workshop’s Premium Valuation Is Deserved, Jefferies Says
* Greggs a High-Quality Asset With Focused Growth Plan: Jefferies
* Infineon Preferred European Semiconductor Play: Morgan Stanley
* Proximus Upgraded to Buy at Citi on ‘Compelling’ Valuation
* Pandemic Pushes Sika Shares to Rare Entry Point, Berenberg Says
* Shipping’s Real Downside Might Come in 3Q; Maersk Cut: Berenberg