>>> Europe : Brokers Upgrades & Downgrades - 2nd of august 2021 V2(*)

>>> Up
* Capri Holdings PT Raised to $80 from $75 at Wells Fargo
* DNO Raised to Buy at SpareBank; PT 11 kroner (+)
* Elekta PT Raised to 145 kronor from 132 kronor at Berenberg
* Erste Raised to Overweight at JPMorgan; PT 42 euros
* Reckitt Raised to Market Perform at Bernstein; PT 5,400 pence
* Renault Raised to Buy at HSBC; PT 43 euros
* Segro PT Raised to 1,335 pence from 1,220 pence at Barclays (+)
* Square Raised to Outperform at Oddo BHF; PT $340 (+)
* Unite Group Raised to Overweight at Barclays; PT 1,250 pence
* VW Raised to Buy at DZ Bank; PT 240 euros (+)
* Workspace Raised to Buy at Panmure Gordon; PT 930 pence

>>> Down
* Atos Cut to Neutral at Exane; PT 44 euros
* ConvaTec Cut to Hold at Stifel; PT 240 pence (+)
* DiscoverIE Cut to Hold at Jefferies; PT 1,085 pence
* Elmos Semiconductor Cut to Hold at Hauck & Aufhaeuser (+)
* Iliad Cut to Hold at HSBC; PT 182 euros
* MTU Aero Cut to Hold at HSBC; PT 225 euros
* Simcorp Cut to Sell at SEB Equities; PT 775 kroner
* Smurfit Kappa Cut to Hold at Jefferies; PT 51.50 euros
* TUI Cut to Underweight at Barclays; PT 2.93 euros

>>> Initiation
* Bike24 Holding Rated New Buy at Berenberg; PT 26.40 euros
* MLP Rated New Buy at Bankhaus Metzler; PT 9.20 euros
* Rapid7 Reinstated Overweight at KeyBanc; PT $135
* SmartCraft Rated New Hold at Berenberg; PT 29 kroner

>>> Call
* Porsche SE Raised at AlphaValue on Diversification, VW Dividends
* Senior 1H Results Show Recovery, PT Raised to 200p: Jefferies (+)
* Smurfit Kappa Cut at Jefferies on Limited Valuation Upside