>>> Europe : Brokers Upgrades & Downgrades - 3rd of February 2022 V2(+)

>>> Up
* BAM Raised to Reduce at AlphaValue/Baader
* dotdigital Raised to Add at Peel Hunt; PT 170 pence
* Eurofins Scientific Raised to Buy at Goldman; PT 112 euros
* Evonik Raised to Add at Baader Helvea
* Fresenius Medical PT Raised to 84.90 euros at Berenberg
* Gurit Raised to Buy at Baader Helvea
* L'Oreal Raised to Neutral at Credit Suisse; PT 395 euros
* Renault Raised to Buy at AlphaValue/Baader (+)
* Sika Raised to Buy at Baader Helvea
* Vitrolife Raised to Buy at Carnegie; PT 510 kronor
* Wood Raised to Buy at Investec; PT 270 pence (+)

>>> Down
* Addiko Cut to Market Perform at KBW; PT 11.70 euros
* AlzChem Group Cut to Add at Baader Helvea
* Banca Sistema Cut to Accumulate at Banca Akros (+)
* Bunzl Cut to Sell at Goldman; PT 2,650 pence
* IMCD Raised to Buy at Goldman; PT 194 euros
* Julius Baer Cut to Hold at SocGen; PT 65 Swiss francs
* Kalera Cut to Hold at DNB Markets; PT 9 kroner
* Kellogg Cut to Hold at Edward Jones
* Kering Cut to Hold at Jefferies; PT 770 euros
* Meta Platforms Cut to Trading Buy at Mirae Asset Daewoo; PT $356 (+)
* Nabaltec Cut to Add at Baader Helvea
* Sparebanken Vest Cut to Hold at DNB Markets; PT 115 kroner
* Sparebanken More Cut to Hold at Pareto Securities; PT 500 kroner

>>> Initiation
* Beiersdorf Rated New Outperform at Credit Suisse; PT 105 euros
* BHP Resumed Neutral at Citi; PT 2,250 pence (+)
* Danone Rated New Neutral at Credit Suisse; PT 58 euros
* Kempower Rated New Hold at Carnegie; PT 8.90 euros
* NextEnergy Solar Rated New Outperform at RBC; PT 115 pence
* Take off Rated New Outperform at EnVent S.p.A.; PT 7.11 euros

>>> Call
* Stay Long Value and Energy Stocks, Berenberg Strategists Say (+)
* BBVA Net Profit Beat Strong, 2022 Outlook Upbeat: Jefferies (+)
* Dotdigital Raised to Add at Peel Hunt Following Recent Weakness
* Fuchs Petrolub, Clariant Among Top Chemicals Picks at Baader
* Kering Cut at Jefferies, Drivers of More Outperformance Unclear
* ABB Orders Strong, But Ebita Margin Guidance May Disappoint: RBC (+)
* Bet on New York’s Rebound With Real Estate and ETFs, UBS Says
* Ukraine Risk Largely Reflected for Carlsberg, CCH, Says Citi (+)
* Swisscom Ebitda Outlook Beat Expectations, CEO Pick ‘Good:’ ZKB (+)