>>> Europe : Brokers Upgrades & Downgrades - 31st of March 2021

>>> Up
* IAG Raised to Add at AlphaValue
* Eni Raised to Overweight at Morgan Stanley; PT 12.30 euros
* Hikma Raised to Buy at Jefferies; PT 2,870 pence
* Kuehne + Nagel Raised to Hold at Deutsche Bank
* Tecan Raised to Buy at Berenberg; PT 455 Swiss francs
* Transgene Raised to Outperform at Oddo BHF; PT 4.50 euros

>>> Down
* BP Cut to Underweight at Morgan Stanley; PT 285 pence
* Total Cut to Equal-Weight at Morgan Stanley; PT 44 euros

>>> Initiation
* Aedifica Reinstated Outperform at Exane; PT 110 euros
* Cofinimmo Reinstated Neutral at Exane; PT 115 euros
* Media & Games Invest Rated New Buy at Pareto Securities
* Midwich Rated New Buy at Panmure Gordon; PT 530 pence
* Vantage Towers Rated New Buy at Insight Investment Research
* Zoom Video Rated New Sell at Daiwa; PT $250

>>> Call
* Hikma Product Catalysts Not Fully Reflected in Shares: Jefferies
* Kingspan PT to Street-High With Sentiment to Improve: Berenberg
* Morgan Stanley Trims European Pro-Cyclical Tilt, Upgrades Pharma
* Morgan Stanley Double-Upgrades Eni to Overweight, Cuts BP, Total
* Tecan Has Further Growth Ahead, Upgrade to Buy: Berenberg