>>> Europe : Brokers Upgrades & Downgrades - 30th of June 2021

>>> Up
* BayWa Raised to Hold at LBBW; PT 35 euros
* CTS Eventim Raised to Reduce at Baader Helvea; PT 52 euros
* Fielmann Raised to Buy at Baader Helvea; PT 78 euros
* Generali Raised to Overweight at JPMorgan; PT 21 euros
* Shell Raised to Neutral at Citi
* Vallourec Raised to Buy at Jefferies; PT 12.80 euros
* Workspace Raised to Outperform at RBC; PT 1,050 pence

>>> Down
* ADP Cut to Hold at Berenberg; PT 115 euros
* Aker Offshore Wind Cut to Hold at SEB Equities; PT 6 kroner
* Cairn Energy Cut to Hold at Berenberg; PT 170 pence
* Fraport Cut to Hold at Berenberg; PT 59 euros

>>> Initiation
* Fastned GDRs Rated New Hold at ING; PT 60 euros
* Inditex Reinstated Neutral at Oddo BHF; PT 31 euros
* Jadestone Energy Rated New Buy at Jefferies; PT 100 pence
* Kahoot Reinstated Buy at DNB Markets; PT 100 kroner
* Poste Italiane Rated New Outperform at KBW; PT 14 euros

>>> Call
* Capri Rises as Jefferies Says Shares Should Go Much Higher
* Lack of Discount in Essilor/GrandVision Deal a Surprise: MS
* European Airports’ Risk-Reward is Less Appealing, Berenberg Says
* Shell Upgraded at Citi on Valuation, Ending Its 4-Year Sell Call
* Vallourec Raised to Buy, Has Upside Risk to Guidance: Jefferies
* Workspace Recovery Potential Ignored, RBC Upgrades to Outperform