>>> Europe : Brokers Upgrades & Downgrades - 31st of March 2020 v2 (+)

>>> Up
* Banca Farmafactoring Raised to Buy at Banca Akros (+)
* Berkeley Raised to Overweight at JPMorgan; PT 4,520 pence
* Bertrandt Raised to Buy at Bankhaus Metzler; PT 40 euros (+)
* Blue Prism Raised to Hold at Canaccord; PT 1,050 pence (+)
* Compass Raised to Buy at MainFirst; PT 1,600 pence (+)
* CompuGroup Raised to Buy at Berenberg; PT 64 euros
* Credit Agricole Raised to Buy at Goldman; PT 11.90 euros
* Gjensidige Raised to Buy at Pareto Securities; PT 200 kroner
* Imperial Brands Raised to Overweight at Piper Sandler (+)
* Kingspan Raised to Hold at Jefferies; PT 49.40 euros
* Meggitt Raised to Overweight at Morgan Stanley; PT 382 pence
* Moneysupermarket Raised to Hold at Berenberg
* Nordea Raised to Buy at Goldman; PT 79 kronor
* ProSieben Raised to Buy at Oddo BHF; PT 11.50 euros (+)
* Renishaw Raised to Buy at Panmure Gordon; PT 4,417 pence
* Roche Raised to Buy at Oddo BHF (+)
* Saint-Gobain Raised to Hold at Jefferies; PT 24.50 euros
* Tate & Lyle Raised to Buy at Jefferies; PT 720 pence


>>> Down
* Adecco Cut to Add at AlphaValue
* ADVA Optical Cut to Reduce at Commerzbank; PT 4.30 euros
* Atresmedia Cut to Neutral at Oddo BHF (+)
* Aveva Cut to Equal-Weight at Barclays; PT 3,320 pence
* Bawag Cut to Neutral at Goldman; PT 40 euros
* BayWa Cut to Hold at LBBW; PT 26 euros
* BME Cut to Neutral at JB Capital Markets; PT 33.40 euros (+)
* Campari Cut to Underperform at RBC
* Cerved Cut to Neutral at JPMorgan; PT 8 euros
* Daimler Cut to Sell at Bankhaus Metzler; PT 24 euros (+)
* ElringKlinger Cut to Sell at Bankhaus Metzler; PT 3 euros (+)
* Eramet Cut to Hold at Portzamparc; PT 30 euros (+)
* Fellow Finance Cut to Reduce at Inderes; PT 3.10 euros (+)
* Ferratum Cut to Hold at Pareto Securities; PT 3 euros
* Jenoptik Cut to Hold at LBBW; PT 15 euros
* Leoni Cut to Hold at Bankhaus Metzler; PT 8 euros (+)
* Leoni Cut to Sell at M.M. Warburg; PT 4 euros (+)
* Mediaset Cut to Reduce at Oddo BHF (+)
* Mikron Cut to Hold at MainFirst; PT 5.50 Swiss francs
* Natixis Cut to Neutral at Goldman; PT 4.20 euros
* Nexity Cut to Hold at MainFirst; PT 31 euros (+)
* Orkla Cut to Sell at SpareBank; PT 82 kroner
* Prosegur Cash PT Cut to 1.20 euros at Deutsche Bank
* Prosegur PT Cut to 2.85 euros from 4.25 euros at Deutsche Bank
* Recordati Cut to Neutral at Oddo BHF (+)
* Redrow Cut to Neutral at JPMorgan; PT 420 pence
* RIB Software Cut to Sell at M.M. Warburg; PT 22 euros (+)
* Royal Mail PT Cut to 93 pence from 100 pence at Deutsche Bank
* RTL Cut to Neutral at Oddo BHF (+)
* SDL Cut to Speculative Buy at Canaccord; PT 635 pence (+)
* Taylor Wimpey Cut to Neutral at JPMorgan; PT 110 pence
* TF1 Cut to Neutral at Oddo BHF (+)
* UBS PT Cut to 9 Swiss francs at Deutsche Bank

>>> Initiation


>>> Call
* AlzChem PT Cut to Street-Low, Div. Yield ‘Attractive’: Berenberg (+)
* Campari May Take Longer to Bounce Back Than Spirits Rivals: RBC
* CompuGroup Raised at Berenberg on Telemedicine Product Potential
* Europe Aerospace ‘Cheap’ as Consumers to Fly by Christmas: MS
* Euronext Walking Away From BME Should Provide Relief: Jefferies
* Jefferies Likes Building Materials Names With Solid End Markets
* L’Oreal Vulnerable to Earnings Downgrades, Valuation High: Citi
* Price Comparison Sites a Resilient Virus Pick, Berenberg Says
* Royal Mail Street-Low Price Target Cut Further by Deutsche Bank (+)
* WPP Savings Large, Dividend Suspension Surprising: Berenberg (+)