>>> Europe : Brokers Upgrades & Downgrades - 29th of March 2022 V2(+)

>>> Up
* Admiral Raised to Overweight at Barclays; PT 3,050 pence
* Anglo American Raised to Buy at Liberum; PT 3,830 pence (+)
* Bankinter Raised to Equal-Weight at Barclays; PT 5.50 euros
* BHP Raised to Hold at Liberum; PT 2,410 pence (+)
* Bunzl Raised to Buy at Stifel; PT 3,250 pence (+)
* Delivery Hero Raised to Neutral at Exane; PT 45 euros
* Endeavour Mining Raised to Hold at Liberum; PT 1,547 pence (+)
* Euromoney Raised to Buy at Investec; PT 1,250 pence (+)
* HelloFresh Raised to Outperform at Exane; PT 48 euros
* Jungheinrich Raised to Buy at Hauck & Aufhaeuser; PT 32 euros (+)
* Just Eat Takeaway Raised to Outperform at Exane; PT 40 euros
* Kamux Raised to Buy at Handelsbanken
* Munich Re Raised to Buy at SocGen; PT 275 euros (+)
* Rio Tinto Raised to Hold at Liberum; PT 5,650 pence (+)
* Tullow Raised to Buy at Peel Hunt; PT 80 pence
* Valmet Raised to Buy at SEB Equities; PT 38 euros
* Virgin Money UK Raised to Neutral at JPMorgan (+)

>>> 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
* Technoprobe Rated New Outperform at Mediobanca SpA (+)

>>> Call
* Anglo American, BHP and Rio Tinto All Upgraded at Liberum (+)
* Barclays Constructive on Spanish Banks, Bankinter Upgraded (+)
* Bernstein Sees ‘Plenty of Positives’ for Sodexo Ahead of Results (+)
* Nordex Guidance a Beat, Jefferies Says; Watch Wind Peers (+)
* Tullow Raised to Buy at Peel After Attractive Occidental Deal (+)