>>> Europe : Brokers Upgrades & Downgrades - 2nd of July 2020 - V2(+)

>>> Up
* Assa Abloy Raised to Buy at Deutsche Bank; PT 220 kronor
* Boiron Raised to Buy at Oddo BHF (+)
* CRH Raised to Outperform at Credit Suisse; PT 38 euros (+)
* ERG Raised to Outperform at Mediobanca SpA (+)
* Heineken PT Raised to 106 euros from 90.80 euros at Berenberg
* Lloyds Raised to Buy at Investec; PT 36 pence (+)
* Nobia Raised to Buy at Handelsbanken; PT 62 kronor
* Pernod Ricard PT Raised to 165 euros at Berenberg
* Piaggio Raised to Accumulate at Banca Akros (ESN) (+)
* Rio Tinto Raised to Buy at Deutsche Bank
* Tesla PT Raised to $1,250 from $1,000 at Wedbush (+)
* Zalando Raised to Buy at MainFirst; PT 75 euros

>>> Down
* Alfen Cut to Hold at ABN Amro Bank; PT 38.50 euros
* Auto Trader Cut to Hold at Liberum; PT 515 pence
* Auto Trader Cut to Add at Peel Hunt; PT 560 pence (+)
* BHP Group PLC Cut to Hold at Deutsche Bank
* BNP Paribas Cut to Sell at DZ Bank; PT 28 euros (+)
* Deutsche Bank Cut to Sell at SocGen; PT 6.50 euros
* Deutsche Boerse Cut to Hold at LBBW; PT 165 euros (+)
* Europris Cut to Neutral at SpareBank; PT 50 kroner
* Heineken Cut to Neutral at JPMorgan; PT 80 euros
* MIPS AB Cut to Hold at Pareto Securities; PT 330 kronor (+)
* National Grid Cut to Hold at HSBC; PT 1,000 pence
* Norsk Hydro Cut to Hold at Nordea (+)
* Valmet Cut to Hold at SEB Equities; PT 25 euros
* Varta Cut to Sell at M.M. Warburg; PT 75 euros (+)

>>> Initiation
* Bossard Rated New Hold at Mirabaud Securities (+)
* CENIT AG Rated New Buy at MainFirst; PT 12 euros
* CM Rated New Buy at ABN Amro Bank; PT 23 euros
* va-Q-tec Rated New Buy at Bankhaus Metzler; PT 25.50 euros (+)
* Wacker Chemie Rated New Underperform at BofA; PT 55 euros

>>> Call
* AB Foods’ 3Q Update is Very Reassuring, Jefferies Says (+)
* Aena, Zurich and Vienna Top Airport Recovery Picks: Berenberg
* Assa Abloy Raised on Attractive Growth Prospects: Deutsche Bank (+)
* Auto Trader Shares Get Two Downgrades Amid Uncertain Outlook (+)
* Kingfisher Added to RBC’s Top 30 Ideas in 3Q Update, Diageo Out
* Meggitt Update In-Line With Market, Cash May Disappoint: MS (+)
* Insurance Top Pick in Financials, UniCredit and BNP in Banks: MS
* Heineken, Pernod, AB InBev PTs Lifted at Berenberg Amid Recovery (+)