>>> Europe : Brokers Upgrades & Downgrades - 31st August 2021 V2(+)

>>> Up
* Adesso SE PT Raised to 240 euros from 145 euros at M.M. Warburg (+)
* Infineon Raised to Buy at Stifel; PT 43 euros
* InterContinental Hotels ADRs Raised to Buy at SocGen
* InterContinental Hotels Raised to Buy at SocGen; PT 5,710 pence
* Philips Raised to Buy at ING; PT 45 euros
* ProSieben Raised to Outperform at Oddo BHF; PT 22 euros
* Rovi Raised to Outperform at Oddo BHF; PT 64.80 euros (+)
* Van de Velde Raised to Accumulate at KBC Securities; PT 28 euros (+)
* Weir Raised to Buy at Peel Hunt; PT 2,250 pence

>>> Down
* Adevinta Cut to Hold at Danske Bank Markets; PT 186 kroner (+)
* Cerved Cut to Hold at Berenberg
* Lufthansa Cut to Sell at Bankhaus Metzler; PT 7.20 euros (+)
* Safran Cut to Underweight at Morgan Stanley; PT 100 euros

>>> Initiation
* Bridgepoint Group Rated New Equal-Weight at Morgan Stanley
* Bridgepoint Group Rated New Overweight at JPMorgan; PT 600 pence
* Bridgepoint Group Rated New Neutral at Citi; PT 513 pence
* Crayon Rated New Buy at Berenberg; PT 215 kroner
* Dianomi Rated New Buy at Liberum; PT 410 pence
* Musti Group Rated New Buy at SEB Equities; PT 41 euros
* Reach Rated New Buy at Liberum; PT 475 pence
* Unicaja Rated New Overweight at Barclays; PT 1 euro

>>> Call
* InterContinental Raised at SocGen on Improving Demand Trends
* Lufthansa Cut at Metzler as Prospects Are ‘Clouding Over Again’ (+)
* Safran Expectations Need to Be Reset, Morgan Stanley Downgrades
* Weir a Market-Leading Asset at a Low Price, Peel Hunt Upgrades