>>> Europe : Brokers Upgrades & Downgrades - 4th June 2021

>>> Up
* Beiersdorf Raised to Buy at Citi
* Syncona Limited Raised to Buy at Peel Hunt; PT 279 pence

>>> Down
* Deutsche Wohnen Cut to Sell at LBBW; PT 52 euros
* Galp Cut to Equal-Weight at Barclays; PT 12 euros
* ING Cut to Underweight at Barclays; PT 9 euros
* Provident Cut to Reduce at Peel Hunt; PT 200 pence

>>> Initiation
* ACS Reinstated Neutral at Oddo BHF; PT 28 euros
* Burford Capital Rated New Outperform at Wedbush
* FCC Rated New Outperform at Oddo BHF; PT 14.40 euros
* Ferrovial Rated New Outperform at Oddo BHF; PT 29.50 euros
* JD Sports Assumed Equal-Weight at Morgan Stanley; PT 1,000 pence
* Kingfisher Assumed Equal-Weight at Morgan Stanley; PT 400 pence
* Ocean Outdoor Rated New Buy at Liberum; PT $9.70
* Singulus Tech Rated New Buy at Hauck & Aufhaeuser; PT 8.20 euros

>>> Call
* Kingfisher Self-Help Priced In, Equal-Weight: Morgan Stanley