>>> Europe : Brokers Upgrades & Downgrades - 29th of October 2021 V2(+)

>>> Up
* Argenx ADRs Raised to Strong Buy at Raymond James; PT $390
* Argenx ADRs Raised to Buy at Guggenheim; PT $330
* Bossard PT Raised to 460 Swiss francs at Berenberg
* Ence Raised to Neutral at Alantra Equities; PT 2.72 euros
* Great Portland Raised to Neutral at Citi
* Kingspan Raised to Outperform at Exane; PT 115 euros
* Scandic Raised to Buy at Handelsbanken; PT 50 kronor
* Scor Raised to Buy at SocGen; PT 32.50 euros
* SwedenCare Raised to Buy at Pareto Securities; PT 170 kronor
* United Utilities Raised to Hold at HSBC; PT 1,090 pence

>>> Down
* Aker BP Cut to Hold at SEB Equities; PT 325 kroner
* Aker BP Cut to Hold at Nordea (+)
* Altria Cut to Equal-Weight at Morgan Stanley; PT $47
* Arjo Cut to Hold at Handelsbanken; PT 130 kronor
* Catena Cut to Hold at ABG; PT 570 kronor
* CNP Assurances Cut to Hold at HSBC; PT 21.90 euros
* EasyJet Cut to Sell at Citi; PT 450 pence
* JM Cut to Hold at Handelsbanken; PT 365 kronor
* J. Martins Cut to Hold at Jefferies; PT 20 euros
* OKEA Cut to Hold at SEB Equities; PT 28 kroner
* QT Group Cut to Reduce at Inderes; PT 160 euros
* Schaltbau Cut to Hold at Stifel; PT 53.50 euros
* SR-Bank Cut to Hold at Arctic Securities; PT 135 kroner
* SRV Group Cut to Reduce at Inderes; PT 55 euro cents
* STMicroelectronics Cut to Neutral at Citi; PT 45 euros
* Telecom Italia Cut to Equal-Weight at Barclays; PT 35 euro cents
* Telenet Cut to Hold at HSBC; PT 35 euros
* XXL Cut to Hold at ABG; PT 17 kroner

>>> Initiation
* M&G Rated New Neutral at Goldman; PT 200 pence
* Melia Hotels Re-Initiated Underperform at Exane; PT 5.70 euros

>>> Call
* BNP Paribas Results Mixed, Buyback is Surprise: Jefferies (+)
* CaixaBank Results “Lacklustre,” Jefferies Expects Shares to Fall
* Cellnex Results Solid and In Line With Expectations: Goldman (+)
* Daimler Stock Likely to React Positively After ‘Solid’ 3Q: RBC (+)
* EasyJet Cut to Sell at Citi on Pricing and Margin Pressures
* Safran Aftermarket Strength Bodes Well for Margins, Citi Says (+)
* Salzgitter Guidance Conservative After 3Q Beat, Jefferies Says
* UMG Reiterate Buy PT 27 euros (note attached)