>>> Europe : Brokers Upgrades & Downgrades - 28th of October 2021

>>> Up
* BASF Raised to Buy at Nord/LB; PT 74 euros
* Consti Raised to Buy at Inderes; PT 15 euros
* Corbion Raised to Equal-Weight at Barclays; PT 43 euros
* Industrivarden Raised to Add at AlphaValue/Baader
* Leoni Raised to Neutral at JPMorgan; PT 12.10 euros
* Spotify PT Raised to $310 from $300 at Barclays
* Spotify PT Raised to $385 from $300 at Pivotal
* Symrise Raised to Hold at SRH AlsterResearch; PT 116 euros
* TESLA TARGET RAISED TO STREET-HIGH $1,300 AT PIPER SANDLER

>>> Down
* AKVA Cut to Hold at Norne Securities; PT 95 kroner
* Axactor Cut to Hold at Arctic Securities; PT 9 kroner
* FOCUS HOME CUT TO HOLD VS BUY AT BERENBERG, PT EU50
* Incap Cut to Reduce at Inderes; PT 70 euros
* Nordic Semiconductor Cut to Hold at Arctic Securities
* Red Electrica Cut to Underperform at Renta 4; PT 16.28 euros
* Siemens Healthineers Cut to Hold at Kepler Cheuvreux
* Temenos Cut to Equal-Weight at Barclays; PT 130 Swiss francs

>>> Initiation
* KMC Properties ASA Rated New Buy at Pareto Securities
* Prosegur Cash Rated New Neutral at Oddo BHF
* ReWorld Media Rated New Buy at Kepler Cheuvreux; PT 9.30 euros
* Vitesco Rated New Hold at Berenberg; PT 58 euros

>>> Call
* Iberdrola Upgraded at Citi on Energy Prices, Underperformance
* Indra Shares Should Rise After Large Ebit Beat: Morgan Stanley
* Nemetschek 3Q Numbers ‘Difficult Not to Like,’ Baader Says
* Ontex Results Suggest Cuts to Consensus Estimates: Jefferies
* Solvay 3Q a Beat, Free Cash Flow Guidance Better: Jefferies
* UMG 3Q Decent, Though Questions on Quality of Earnings: Citi
* Unibail Update Shows More Evidence of Stabilization, RBC Says
* Wacker Chemie 3Q Cash Flow Strong, Ebitda Ahead: Morgan Stanley