>>> Europe : Brokers Upgrades & Downgrades - 29th of February 20

>>> Up
*Hershey Raised to Hold at SocGen, PT $110
*PostNL Raised to Neutral at Main First Bank AG, PT EU4.30
*Saint-Gobain Raised to Neutral at UBS
*Skyworks Raised to Buy at Erste Group

>>> Down
*Exxon Cut to Hold at Erste Group
*LEG Immobilien Cut to Hold at SocGen, PT EU87
* Swiss Re Cut to Sell at SocGen, PT CHF85

>>> Initiation
*BANCO BPM Rated New Buy at SocGen, PT EU3.10
*Buwog Rated New Buy at SocGen, PT EU29
*Geberit Rated New Buy at Erste Group
*Rheinmetall Rated New Outperform at Main First Bank AG, PT EU80
*Vinci Rated New Buy at Erste Group