>>> Europe : Brokers Upgrades & Downgrades - 29th of March 2022

>>> Up
* Admiral Raised to Overweight at Barclays; PT 3,050 pence
* Bankinter Raised to Equal-Weight at Barclays; PT 5.50 euros
* Delivery Hero Raised to Neutral at Exane; PT 45 euros
* HelloFresh Raised to Outperform at Exane; PT 48 euros
* Kamux Raised to Buy at Handelsbanken
* Just Eat Takeaway Raised to Outperform at Exane; PT 40 euros
* Tullow Raised to Buy at Peel Hunt; PT 80 pence
* Valmet Raised to Buy at SEB Equities; PT 38 euros

>>> Down
* Direct Line Cut to Equal-Weight at Barclays; PT 323 pence
* Hapag-Lloyd Cut to Hold at Deutsche Bank; PT 305 euros
* Kuehne + Nagel Cut to Hold at Deutsche Bank; PT 300 Swiss francs
* Maersk Cut to Hold at Deutsche Bank; PT 22,500 kroner
* Royal Mail Cut to Sell at Deutsche Bank; PT 275 pence

>>> Initiation
* Alan Allman Associates Rated New Neutral at Oddo BHF
* AstraZeneca Rated New Buy at Goodbody; PT 11,250 pence
* GSK Rated New Buy at Goodbody; PT 1,950 pence
* J. Martins Rated New Neutral at Oddo BHF; PT 21.70 euros
* QuantumScape Rated New Neutral at SMBC Nikko; PT $20

>>> Call