>>> Europe : Brokers Upgrades & Downgrades - 4th of February 2021

>>> Up
* Fresenius Medical Cut to Neutral at JPMorgan; PT 51.10 euros
* HelloFresh PT Raised to 99 euros from 68 euros at Deutsche Bank
* JM Raised to Hold at SEB Equities; PT 300 kronor
* Prudential Raised to Buy at Jefferies; PT 1,450 pence
* Saint-Gobain Raised to Buy at Goldman; PT 50 euros
* Tele2 Raised to Hold at ABG; PT 110 kronor
* Voestalpine Raised to Add at Baader Helvea; PT 35.50 euros
* Volvo Raised to Buy at SEB Equities; PT 250 kronor
* Yara PT Raised to 460 kroner from 420 kroner at Citi

>>> Down
* Ahold Delhaize Cut to Hold at R5 Capital; PT 26 euros
* Aker Solutions Cut to Hold at Pareto Securities; PT 15 kroner
* Alstria Office Cut to Hold at HSBC; PT 15.50 euros
* Fresenius Medical Cut to Neutral at JPMorgan; PT 51.10 euros
* Glaxo Cut to Sell at Deutsche Bank
* Glaxo Cut to Hold at Intron Health; PT 1,400 pence
* HeidelbergCement Cut to Sell at Goldman; PT 58 euros
* Immofinanz Cut to Hold at HSBC; PT 20 euros
* TGS Cut to Hold at Pareto Securities; PT 130 kroner

>>> Initiation
* FDJ Rated New Buy at Deutsche Bank; PT 40 euros
* Grenergy Renovables Rated New Outperform at Oddo BHF
* STELLANTIS INITIATED OVERWEIGHT AT MORGAN STANLEY, PT EU16
* Supermarket Income Rated New Buy at Jefferies; PT 120 pence

>>> Call
* ABB’s Improved Op. Ebita Margin Encouraging, Bergos Says
* Commerzbank Acting to Create More Profitable Bank, Citi Says
* Nordea’s 4Q Robust, Cost-Base Guidance in Line: Jefferies
* Stellantis ‘Cheap,’ Has Synergy Opportunities: Morgan Stanley
* Voestalpine Earnings Improving, Momentum May Continue: Baader