>>> Europe : Brokers Upgrades & Downgrades - 3rd of September 2021

>>> Up
* Acciona Raised to Buy at Alantra Equities; PT 179.74 euros
* Arkema Raised to Buy at HSBC; PT 129 euros
* Boreo Oyj Raised to Buy at Inderes; PT 98 euros
* Endesa Raised to Overweight at JPMorgan; PT 25 euros
* Glaston Raised to Buy at Inderes; PT 1.45 euros
* Harvia Raised to Buy at Inderes; PT 64 euros
* Innate Pharma ADRs Raised to Outperform at SVB Leerink
* MTU Aero Raised to Buy at SocGen; PT 225 euros
* Raiffeisen Raised to Equal-Weight at Morgan Stanley; PT 24 euros
* SEB Raised to Overweight at Barclays; PT 135 kronor
* SKF Raised to Buy at HSBC; PT 260 kronor
* UBM Development Raised to Buy at Erste Group; PT 54.50 euros

>>> Down
* AIB Group Cut to Hold at Berenberg; PT 2.65 euros
* Assa Abloy Cut to Reduce at HSBC; PT 240 kronor
* Schindler Cut to Hold at HSBC; PT 305 Swiss francs
* Schneider Electric Cut to Hold at HSBC; PT 160 euros
* Zignago Vetro Cut to Hold at Berenberg; PT 18.50 euros

>>> Initiation
* Tecnoinvestimenti Rated New Buy at Stifel; PT 49.50 euros

>>> Call
* Flutter’s U.S. Opportunity is Still Undervalued, Jefferies Says
* H&M’s Valuation Looks Attractive Versus Inditex, RBC Says