>>> Europe : Brokers Upgrades & Downgrades - 3rd of January 2019

>>> Up
* Ascential Upgraded to Buy at Berenberg
* Games Workshop Upgraded to Buy at Peel Hunt; PT 35 Pounds

>>> Down
* Adecco Downgraded to Underperform at Credit Suisse; PT 40 Francs
* *APPLE PRICE TARGET CUT TO $211 VS $236 AT MORGAN STANLEY
* *APPLE PRICE TARGET CUT TO $187 VS $222 AT PIPER JAFFRAY
* *APPLE PRICE TARGET CUT TO $140 VS $182 AT GOLDMAN SACHS
* Randstad Downgraded to Neutral at Credit Suisse; PT 41 Euros
* SAF Holland Cut to Reduce at Kepler Cheuvreux; PT 9.50 Euros

>>> Initiation
* Asos Reinstated at Peel Hunt With Buy; PT 40 Pounds
* SFS Rated New Sell at Berenberg; PT 65 Francs

>>> Call