>>> Europe : Brokers Upgrades & Downgrades - 31st of January 2022

>>> Up
* ARKEMA RAISED TO BUY VS HOLD AT BERENBERG, PT EU152
* Autoliv GDRs Raised to Buy at Carnegie; PT 1,070 kronor
* Berkeley Raised to Hold at HSBC; PT 4,400 pence
* Edenred Raised to Hold at Berenberg; PT 35 euros
* Electrolux Raised to Buy at Handelsbanken; PT 230 kronor
* Electrolux Raised to Neutral at JPMorgan; PT 220 kronor
* Electrolux Raised to Buy at Carnegie; PT 225 kronor
* Ericsson Raised to Add at AlphaValue/Baader
* Fenix Outdoor Raised to Buy at Handelsbanken; PT 1,450 kronor
* Getinge Raised to Overweight at JPMorgan; PT 425 kronor
* Givaudan Raised to Market Perform at Bernstein
* Hexpol Raised to Buy at Carnegie; PT 120 kronor
* NCAB Group Raised to Buy at Carnegie; PT 85 kronor
* Sabre Insurance Raised to Hold at Berenberg; PT 231 pence
* Sinch Raised to Buy at Handelsbanken; PT 130 kronor

>>> Down
* Anglo American Cut to Hold at Jefferies; PT 3,300 pence
* Carmila Cut to Hold at SocGen; PT 14.90 euros
* Klepierre Cut to Sell at SocGen; PT 20.40 euros
* PGS Cut to Add at AlphaValue/Baader
* SSAB Cut to Hold at Deutsche Bank; PT 59 kronor

>>> Initiation
* Autogrill Rated New Hold at Deutsche Bank; PT 6.70 euros
* IAG Resumed Overweight at Morgan Stanley
* SSP Rated New Buy at Deutsche Bank; PT 333 pence

>>> Call
* Arkema Set for Multiple Expansion, Upgrade to Buy: Berenberg
* Bayer Upgraded to Buy as Citi Sees Improvement on ‘All Fronts’
* Edenred Loses Only Sell Rating as Berenberg Sees Balanced Risks
* IAG Discount to Unwind, Resumed Overweight at Morgan Stanley