>>> Europe : Brokers Upgrades & Downgrades - 4th of August 2021 V2(+)

>>> Up
* Fortum PT Raised to 30 euros from 23 euros at Berenberg
* Sonova Raised to Buy at Bank Vontobel; PT 430 Swiss francs

>>> Down
* Acea Cut to Add at Intesa Sanpaolo; PT 22.80 euros
* Infineon Cut to Hold at Liberum; PT 36 euros
* Legrand Cut to Hold at Berenberg; PT 100 euros
* Pfeiffer Vacuum Cut to Hold at DZ Bank; PT 185 euros (+)
* Prima Industrie Cut to Add at Intesa Sanpaolo; PT 24.30 euros
* Primary Health Cut to Hold at Panmure Gordon; PT 172 pence (+)

>>> Initiation
* Aberdeen Standard Rated New Outperform at RBC; PT 140 pence
* Cairn Energy Re-Initiated Hold at Peel Hunt; PT 130 pence
* Capita Reinstated Overweight at Barclays; PT 80 pence (+)
* Cherry Rated New Buy at Hauck & Aufhaeuser; PT 48.50 euros
* Delivery Hero Reinstated Buy at Goldman; PT 185 euros
* Hutchmed China ADRs Rated New Buy at China Merchants; PT $54.60
* Just Eat Takeaway Reinstated Buy at Goldman; PT 130 euros (+)
* OX2 Rated New Buy at ABG; PT 81 kronor
* Traton Rated New Buy at LBBW; PT 32 euros

>>> Call
* Fortum, Verbund PTs Upped on Carbon Price Bullishness: Berenberg
* Hugo Boss Trading Update Is ‘Promising,’ Baader Helvea Says (+)
* Legrand in ‘Great Shape,’ But Limited Upside Risk: Berenberg
* Schaeffler 2Q In Line, Guidance Raised as Expected: Jefferies (+)
* Cyclically Exposed Sectors Post Strongest 2Q Earnings: Bernstein (+)