>>> Europe : Brokers Upgrades & Downgrades - 3rd of December 2021 V2(+)

>>> Up
* Adidas Raised to Buy at DZ Bank; PT 300 euros (+)
* AJ Bell Raised to Hold at Jefferies; PT 400 pence
* BP Raised to Buy at Deutsche Bank; PT 404 pence
* FirstGroup PT Raised to 123 pence from 115 pence at Liberum (+)
* HelloFresh PT Raised to 115 euros at Deutsche Bank
* Pandox Raised to Buy at SEB Equities; PT 165 kronor
* Rotork Raised to Overweight at JPMorgan; PT 395 pence
* Schoeller-Bleckmann Raised to Buy at Raiffeisen Bank
* SSE Raised to Buy at Jefferies; PT 1,810 pence
* Verbund Raised to Hold at Raiffeisen Bank; PT 94 euros
* Vonovia Raised to Buy at DZ Bank; PT 61 euros (+)

>>> Down
* Aalberts Cut to Equal-Weight at Morgan Stanley; PT 58 euros
* Alfa Laval Cut to Underweight at JPMorgan; PT 310 kronor
* Amundi Cut to Neutral at Exane; PT 87 euros
* Dufry Cut to Reduce at Baader Helvea; PT 39 Swiss francs
* Vestas Cut to Underweight at JPMorgan; PT 180 kroner

>>> Initiation
* Bekaert Rated New Buy at Kepler Cheuvreux; PT 43 euros (+)
* Bio-Gate Rated New Buy at GBC AG; PT 8 euros
* Damartex Rated New Buy at Euroland Corporate; PT 27 euros
* Fevertree Drinks Rated New Hold at Peel Hunt; PT 2,400 pence
* Hermes Rated New Outperform at CICC; PT 1,800 euros
* Moncler Rated New Outperform at CICC; PT 80 euros
* Nacon Rated New Buy at Euroland Corporate; PT 9 euros
* Pandora Rated New Market Perform at CICC; PT 900 kroner
* Pyrum Innovations Rated New Buy at Pareto Securities
* Richemont Rated New Market Perform at CICC; PT 120 Swiss francs
* Salvatore Ferragamo Rated New Market Perform at CICC
* Swatch Rated New Market Perform at CICC; PT 270 Swiss francs
* Titan Cement Rated New Hold at Berenberg; PT 14 euros
* Tonies Rated New Buy at Berenberg; PT 18 euros
* Vicat Rated New Hold at Berenberg; PT 42 euros

>>> Call
* Allianz Update Is ‘Early Christmas’ for Investors: Jefferies (+)
* Citi Cuts U.S., Japan Stock Recommendations on Omicron, Fed
* Fevertree Rated New Hold at Peel Hunt; Share Price is Full (+)
* Morgan Stanley Sees End to Shipper Supply Chain Logjam in 2022
* Vicat, Titan Cement Get New Hold Ratings at Berenberg (+)