>>> Europe : Brokers Upgrades & Downgrades - 4th of April 2022

>>> Up

* Bayer Raised to Overweight at Barclays; PT 85 euros

* Danske Bank Raised to Market Perform at KBW; PT 130 kroner

* Just Group Raised to Overweight at Barclays; PT 125 pence

* Kingfisher Raised to Buy at Deutsche Bank; PT 335 pence

* Logitech Raised to Buy at Goldman; PT 107 Swiss francs
* Swedbank Raised to Buy at Citi; PT 170 kronor

>>> Down

* Aviva Cut to Equal-Weight at Barclays; PT 480 pence
* CareTech Cut to Hold at HSBC; PT 725 pence

* DNB Bank Cut to Underperform at KBW; PT 200 kroner

* Electrolux Cut to Hold at Handelsbanken

* Essity Cut to Hold at Handelsbanken

* Grand City Properties Cut to Underweight at Barclays

* Snam Cut to Sell at Citi; PT 4.50 euros

* Terna Cut to Neutral at Citi; PT 8 euros

* Wartsila Cut to Hold at Handelsbanken

>>> Initiation

* ADP Reinstated Underweight at Barclays; PT 98 euros
* Aena Reinstated Equal-Weight at Barclays; PT 145 euros

* Air France-KLM Reinstated Equal-Weight at Barclays

* Embracer Reinstated Neutral at Goldman; PT 85 kronor

* *HEXAGON RATED NEW BUY AT BERENBERG, PT SEK155

* IAG Reinstated Overweight at Barclays; PT 210 pence

* EasyJet Reinstated Equal-Weight at Barclays; PT 705 pence

* Enav Reinstated Overweight at Barclays; PT 4.90 euros

* Fraport Reinstated Underweight at Barclays; PT 54 euros

* Lufthansa Reinstated Underweight at Barclays; PT 5.20 euros

* Ryanair Reinstated Overweight at Barclays; PT 17.60 euros

* Siemens Gamesa Reinstated Hold at Jefferies; PT 17.30 euros

* Stelrad Group Rated New Buy at Peel Hunt; PT 250 pence

* Zurich Airport Reinstated Overweight at Barclays

>>> Call

* Bayer Upgraded on Asundexian, Strong Crop Science: Barclays

* Hexagon Gets New Buy at Berenberg on Top-Line Growth Potential

* Morgan Stanley’s Wilson Says ‘Bear Market Rally’ in Stocks Over

* Snam, Terna Cut at Citi Following Relative Stock Outperformance
* Ocado Price Target Cut at Kepler Amid Uncertain Macro Outlook