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

>>> Up
*Allianz Raised to Equal-Weight at Morgan Stanley, PT EU184
*Beni Stabili SpA SIIQ Raised to Overweight at JPMorgan
*GALP ENERGIA RAISED TO OUTPERFORM AT BMO CAPITAL MARKETS
*Hershey Raised to Hold at SocGen, PT $110
*Marks & Spencer Raised to Buy at Jefferies, PT 370p
*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
*Tullow Raised to Outperform at BMO, PT GBP3.80

>>> Down
*BW LPG Cut to Hold at ABG Sundal, PT NOK37
*Exxon Cut to Hold at Erste Group
*LEG Immobilien Cut to Hold at SocGen, PT EU87
*Nordex Cut to Neutral at Citi, PT EU14.60
*Rhoen Klinikum Cut to Underperform at Jefferies, PT EU17.60
*Swiss Re Cut to Sell at SocGen, PT CHF85

>>> Initiation
*Auto Trader Rated New Sell at UBS, PT 375p
*BANCO BPM Rated New Buy at SocGen, PT EU3.10
*Buwog Rated New Buy at SocGen, PT EU29
*Cellectis Rated New Outperform at Wells Fargo
*Geberit Rated New Buy at Erste Group
*IP Group Rated New Hold at Jefferies, PT 169p
*Rheinmetall Rated New Outperform at Main First Bank AG, PT EU80
*Scout24 Rated New Neutral at UBS, PT EU34.75
*Vinci Rated New Buy at Erste Group