>>> Europe : Brokers Upgrades & Downgrades - 30th of August 2019

>>> Up
* ABN AMRO Bank GDRs Upgraded to Buy at HSBC; PT 22 Euros
* Daimler Raised to Buy at Kepler Cheuvreux; Price Target 49 Euros
* J. Martins Upgraded to Buy at Goldman; PT 16.50 Euros
* Mentice Upgraded to Buy at Pareto Securities; PT 80 Kronor

>>> Down
* Novo Nordisk Downgraded at Jefferies on Pricing, Margin Concerns
* Salmar Downgraded to Hold at Fearnley; PT 427 Kroner
* Takeaway Cut to Neutral at JPMorgan; Price Target 91 Euros

>>> Initiation
* Air Partner Rated New Hold at ICBC Research; PT 80 Pence
* K2AB SS Rated New Reduce at Kepler Cheuvreux
* Ocado Reinstated Neutral at Goldman, Sees Material Opportunity
* Uniphar Rated New Outperform at RBC; PT 1.70 Euros

>>> Call