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

>>> Up
* ABB Raised to Hold at Jefferies; PT 29 Swiss francs
* Adecco Raised to Hold at Jefferies; PT 47 Swiss francs
* Alstria Office Raised to Buy at M.M. Warburg; PT 18.40 euros (+)
* Beiersdorf Raised to Market Perform at Bernstein; PT 93 euros
* Danone Raised to Market Perform at Bernstein; PT 54 euros
* DuPont de Nemours Raised to Buy at Fermium Research; PT $87
* DuPont de Nemours Raised to Buy at Vertical Research; PT $95
* Ferrari Raised to Buy at SocGen; PT $290 (+)
* Ferrari Raised to Neutral at Banca Akros (ESN) (+)
* Under Armour Raised to Outperform at William Blair
* Unilever Raised to Market Perform at Bernstein
* WPP Raised to Market Perform at Bernstein; PT 990 pence
* WPP ADRs Raised to Market Perform at Bernstein; PT $67.60
* XXL Raised to Neutral at SpareBank; PT 15 kroner

>>> Down
* Activision Blizzard Cut to Equal-Weight at Morgan Stanley
* Aareal Bank Cut to Hold at HSBC; PT 29 euros
* Elkem Cut to Neutral at SpareBank; PT 36 kroner
* Enersense Cut to Reduce at Inderes; PT 8 euros
* Erste Cut to Accumulate at Concorde; PT 43 euros
* Webstep Cut to Hold at Arctic Securities; PT 37 kroner

>>> Initiation
* Adyen Rated New Outperform at SMBC Nikko; PT 3,194.34 euros
* ANTIN FP Rated New Equal-Weight at Morgan Stanley
* Cary Group Rated New Hold at Jefferies; PT 117 kronor
* Kape Technologies Reinstated Buy at Stifel; PT 553.77 pence (+)
* Majorel Rated New Neutral at Goldman; PT 37 euros
* Majorel Rated New Overweight at JPMorgan; PT 38.50 euros
* Montana Aerospace Rated New Outperform at Oddo BHF
* Oxurion Rated New Buy at HC Wainwright; PT 5 euros
* Square Rated New Outperform at SMBC Nikko; PT $300
* Tencent ADRs Rated New Overweight at Barclays; PT $84

>>> Call
* ABB Raised to Hold at Jefferies With Valuation Now Balanced
* Anglo American Raised at Liberum as Only Pro-Growth Mining Major
* BMW Flat in Premarket; RBC Says 3Q ‘Solid’ as Expected (+)
* *BOOHOO RE-INITIATED AS BUY AT SHORE CAPITAL; PREV. RATING SELL (+)
* Europe Staffing Estimates Raised at Jefferies, Adecco Upgraded
* Antin Infrastructure Partners Rated New Buy at Citi
* Geberit 3Q Sales in Line But Another Ebitda Beat: Jefferies (+)
* Kloeckner 3Q a Small Beat, Dividend a Major Positive: Jefferies (+)
* Oerlikon Indicated Higher; ZKB Says 3Q Figures Are Positive (+)
* Orsted Results Mixed But Bioenergy Unit a ‘Big Beat’: Jefferies (+)
* Rational 3Q Strong, Guidance Now Appears Conservative: Warburg (+)
* Smurfit Kappa Update Reassures Amid Pricing Boost, Goodbody Says (+)
* TeamViewer 3Q In Line, Enterprise Momentum Positive, RBC Says (+)
* Tesla Buying Surge Driven by Institutions, JPMorgan Says
* Zalando’s 3Q Is Slightly Ahead of Expectations, RBC Says (+)