>>> Europe : Brokers Upgrades & Downgrades - 3rd of August 2020

>>> Up
* Applus Raised to Overweight at JPMorgan; PT 9 euros
* Befesa PT Raised to 44 euros from 38 euros at Commerzbank
* Big Yellow Group Raised to Neutral at Kempen & Co
* Delivery Hero PT Raised to 120 euros (from 80 Euros) at Deutsche Bank
* Elekta Raised to Neutral at JPMorgan; PT 75 kronor
* Engie Raised to Buy at HSBC; PT 14.60 euros
* Fincantieri Raised to Neutral at Exane; PT 61 euro cents
* Just Eat Takeaway PT Raised to 9,000 (from 6,200) pence at Deutsche Bank
* Mediobanca PT Raised to 9 euros at Morgan Stanley
* Mitie Raised to Buy at Jefferies; PT 55 pence
* Neste PT Raised to 49 euros from 39 euros at RBC
* Robert Walters Raised to Buy at HSBC; PT 560 pence
* Safestore Raised to Buy at Kempen & Co; PT 810 pence
* Schroders PT Raised to 3,200 pence at Berenberg
* TOTAL SE Raised to Overweight at Morgan Stanley

>>> Down
* CGG Cut to Hold at SocGen; PT 83 euro cents
* Doric Nimrod Air Three Cut to Positive at Stifel
* Doric Nimrod Air Two Cut to Positive at Stifel
* Eni Cut to Underweight at Morgan Stanley
* Euronext Cut to Equal-Weight at Barclays; PT 93 euros
* IAG PT Cut to 188 pence from 335 pence at Barclays
* Lanxess Cut to Hold at SocGen; PT 48 euros
* Unite Group Cut to Hold at Panmure Gordon; PT 993 pence

>>> Initiation
* Aroundtown Rated New Underweight at Morgan Stanley; PT 5 euros

>>> call
* Aroundtown Gets First Sell With MS Cautious Given Uncertainty
* Eni’s Price Target Raised by RBC Capital on Upside Over Time
* Neste Outperform Case Still Strong, RBC Hikes PT to Street-High
* Total Upgraded, Eni Cut at Morgan Stanley on Dividend Outlooks
* Total Seen as Differentiated Pick Among Energy Shares: Berenberg