>>> Europe : Brokers Upgrades & Downgrades - 3rd of August 2020 - V2(+)

>>> Up
* Ageas SA/NV Raised to Buy at Oddo BHF (+)
* Applus Raised to Overweight at JPMorgan; PT 9 euros
* Befesa PT Raised to 44 euros from 38 euros at Commerzbank
* Bertrandt Raised to Buy at M.M. Warburg; PT 45 euros (+)
* Biesse Raised to Accumulate at Banca Akros (ESN) (+)
* 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
* Gym Group Raised to Buy at Citi; PT 245 pence (+)
* Just Eat Takeaway PT Raised to 9,000 (from 6,200) pence at Deutsche Bank
* Mediobanca PT Raised to 9 euros at Morgan Stanley
* Mersen Raised to Buy at Gilbert Dupont; PT 29 euros (+)
* Mitie Raised to Buy at Jefferies; PT 55 pence
* Neste PT Raised to 49 euros from 39 euros at RBC
* Nordex PT Raised to 15.60 euros at Bankhaus Metzler (+)
* PostNL Raised to Buy at KBC Securities; PT 2.70 euros (+)
* 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
* Aegon Cut to Neutral at Oddo BHF (+)
* 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
* Oxurion Cut to Hold at KBC Securities; PT 3 euros (+)
* Pets at Home Cut to Hold at Shore Capital (+)
* Technogym Cut to Neutral at Citi; PT 7.70 euros (+)
* Unite Group Cut to Hold at Panmure Gordon; PT 993 pence

>>> Initiation
* Alstom Rated New Buy at Commerzbank; PT 59 euros (+)
* Aroundtown Rated New Underweight at Morgan Stanley; PT 5 euros
* Sats Rated New Neutral at Citi; PT 23.50 kroner (+)
* Swiss Re Resumed Neutral at Citi (+)

>>> call
* Aroundtown Gets First Sell With MS Cautious Given Uncertainty
* DSV, Kuehne & Nagel Poised for More M&A Opportunities: Jefferies (+)
* Dufry’s Guidance on Liquidity, Cash Is a Positive Surprise: MS (+)
* Eni’s Price Target Raised by RBC Capital on Upside Over Time
* Hammerson Equity Raise Won’t Solve Long-Term Issues: Liberum (+)
* Heineken Market Share Is Positive, Estimates May Fall: Jefferies (+)
* IAG Preferred at Barclays After ‘Clearer Strategy’ Outlined
* Neste Outperform Case Still Strong, RBC Hikes PT to Street-High
* Nordex Pipeline Deal Significantly Boosts Balance Sheet: Metzler (+)
* Societe Generale Results Are ‘Underwhelming’: Goldman Sachs (+)
* Total Upgraded, Eni Cut at Morgan Stanley on Dividend Outlooks
* Total Seen as Differentiated Pick Among Energy Shares: Berenberg