>>> Europe : Brokers Upgrades & Downgrades - 3nd of April 2020 V2 (+)

>>> Up
* Aena Raised to Hold at Ahorro Corporacion; PT 121.70 euros
* Akzo Nobel Raised to Buy at HSBC; PT 75 euros (Yest)
* Akzo Nobel Raised to Buy at Berenberg; PT 70 euros
* Atlantia Raised to Buy at BofA; PT 20 euros (Yest)
* Avanza Raised to Hold at SEB Equities; PT 90 kronor
* Avanza Raised to Buy at ABG; PT 98 kronor
* B&O Raised to Hold at Danske Bank Markets; PT 24 kroner (+)
* Bankia Raised to Buy at Jefferies; PT 1.20 euros
* Biotest Raised to Buy at Pareto Securities; PT 24.10 euros
* Boskalis Raised to Buy at ABN Amro Bank; PT 20 euros (+)
* Carlsberg Raised to Neutral at Goldman; PT 800 kroner (+)
* Close Brothers Raised to Buy at Investec; PT 1,110 pence (+)
* Colruyt Raised to Hold at HSBC; PT 48 euros
* Continental AG Raised to Buy at Pareto Securities; PT 80 euros (+)
* Derwent London Raised to Buy at Goldman; PT 4,174 pence
* Dometic Raised to Hold at Handelsbanken; PT 42 kronor
* Everest Re Raised to Outperform at KBW (Yest)
* Gjensidige Raised to Hold at SEB Equities; PT 173 kroner
* Industrivarden Raised to Buy at DNB Markets; PT 220 kronor
* Intesa Sanpaolo Raised to Hold from Underperform at Jefferies; PT 1.50 euros
* Jyske Raised to Hold at SEB Equities; PT 172 kroner (+)
* Latour Raised to Hold at DNB Markets; PT 140 kronor
* Lundbergforetagen Raised to Hold at DNB Markets; PT 400 kronor
* Merlin Raised to Neutral at Goldman; PT 7.70 euros
* Norma Raised to Buy at Baader Helvea; PT 28 euros
* Pets at Home Raised to Buy at HSBC; PT 270 pence
* Segro Raised to Buy at Goldman; PT 913 pence
* Siltronic Raised to Buy at Oddo BHF; PT 90 euros (Yest)
* Spar Nord Raised to Buy at SEB Equities; PT 45 kroner (+)
* SSP Raised to Buy at Stifel; PT 400 pence
* United Internet Raised to Buy at LBBW; PT 30 euros (+)

>>> Down
* Acerinox Cut to Neutral at BofA (Yest)
* Bankia Raised to Buy From Underperform by Jefferies (+)
* Daimler Cut to Reduce at Oddo BHF (+)
* DSV Panalpina Cut to Sell at Handelsbanken; PT 575 kroner
* Entra Cut to Neutral at Goldman; PT 129 kroner
* Europcar Cut to Neutral at Goldman; PT 1.60 euros
* GB Group Cut to Hold at Stifel; PT 565 pence (+)
* Johnson Matthey Cut to Hold at HSBC; PT 1,850 pence (Yest)
* Rolls-Royce Cut to Underperform at BofA; PT 240 pence (Yest)
* Rolls-Royce Cut to Neutral at UBS; PT 328 pence (Yest)
* Leoni PT Cut to 2 euros from 8 euros at Bankhaus Lampe (Yest)
* Melexis Cut to Reduce at Oddo BHF; PT 45 euros(Yest)
* Mol Cut to Neutral at Goldman; PT 2,200 forint
* National Grid Cut to Hold at Deutsche Bank; PT 910 pence (+)
* Nichols Cut to Hold at HSBC; PT 1,200 pence
* Nokian Renkaat Cut to Reduce at Oddo BHF (+)
* Red Electrica Cut to Hold at Deutsche Bank; PT 16.50 euros (+)
* Redrow Cut to Hold at Liberum; PT 390 pence (Yest)
* Salzgitter Cut to Underperform at BofA (Yest)
* Securitas PT Cut to 70 kronor from 85 kronor at Jefferies
* SocGen Cut to Sell at DZ Bank; PT 12 euros (+)
* Solvay Cut to Hold at MainFirst; PT 71 euros
* SpareBank 1 Nord Norge Raised to Buy at SEB Equities (+)
* Suez PT Cut to 7.50 euros from 9.50 euros at Deutsche Bank (+)

>>> PT Change


>>> Initiation
* ADO Properties Still Rated Hold at Hauck & Aufhaeuser
* Crayon Rated New Buy at Arctic Securities; PT 75 kroner (+)
* DSV Back to Sell at Handelsbanken After Brief Buy Stint (+)

>>> Call
* Accor’s ‘Aggressive’ Cost-Cutting Measures a Positive: Jefferies (+)
* Akzo Nobel Is at an Attractive Entry Point, Berenberg Says
* Beiersdorf Warning Not as Bad as Feared, Morgan Stanley Says (+)
* European Exchanges Resilient Even if Volatility Drops: Jefferies
* Carlsberg Well-Placed to Ride Out Coronavirus Impact: Jefferies
* Picture Not as Bad as Feared for S. European Banks: Jefferies
* Remy Warning Likely to Weigh on Stock, Citi Says; Watch Pernod
* Stagecoach Short-Term Risks Eased by Government Funding: RBC
* Sulzer Upgraded at ZKB as ‘Substantial’ Liquidity Seen Helping (+)