>>> Europe : Brokers Upgrades & Downgrades - 4th of March 2020 V2(+)

>>> Up
* Albioma PT Raised to 38 euros at Gilbert Dupont (+)
* Acciona Raised to Buy at Goldman; PT 140 euros
* Bayer Raised to Buy at Deutsche Bank; PT 85 euros
* BHP Raised to Overweight at JPMorgan
* CMC Markets Raised to Buy at Peel Hunt
* DKSH Raised to Buy at MainFirst; PT 70 Swiss francs
* Edenred Raised to Overweight at JPMorgan; PT 54 euros
* EDP Renovaveis Raised to Buy at Goldman; PT 14.50 euros
* Eurocash Raised to Buy at VTB Capital; PT 24 zloty (+)
* Freenet Raised to Buy at M.M. Warburg; PT 22.30 euros (+)
* Handelsbanken Raised to Hold at DNB Markets; PT 100 kronor
* HeidelbergCement Raised to Buy at LBBW; PT 60 euros
* Howden Joinery Raised to Add at Peel Hunt
* ICA Gruppen Raised to Hold at Handelsbanken; PT 385 kronor
* Infineon Raised to Buy at Bankhaus Lampe; PT 21 euros (+)
* Lundbeck Raised to Neutral at JPMorgan; PT 265 kroner
* Munich Re Raised to Hold at Jefferies; PT 215 euros
* PGNiG Raised to Buy at Citi
* Rockwool Raised to Buy at Handelsbanken; PT 1,850 kroner
* Subsea 7 Raised to Neutral at BofA (+)
* Sunrise Raised to Outperform at Credit Suisse (+)
* Swedbank Raised to Buy at DNB Markets; PT 180 kronor
* Voltabox Raised to Buy at FMR Frankfurt Main; PT 8.80 euros

>>> Down
* Bakkavor Cut to Hold at Investec; PT 105 pence (+)
* Borr Drilling Cut to Hold at SEB Equities; PT 15 kroner
* EN+ Group International PJSC GDRs Cut to Neutral at BofA (+)
* HSBC PT Cut to 470 pence from 500 pence at Citi (+)
* Interparfums PT Cut to 31.50 euros at Gilbert Dupont (+)
* Qiagen Cut to Hold at Berenberg; PT 39 euros

>>> Initiation
* Addex Therapeutics Rated New Sell at Baader Helvea

>>> Call
* Bayer Is Undervalued, Deutsche Bank Says, Upgrading Stock to Buy (+)
* Brenntag’s ‘Okay 2020 Outlook’ Could Boost Shares: Baader (+)
* DS Smith’s 3Q Resilient, Watch for Coronavirus Impact: Citi (+)
* European Banks Face Pressure on Many Fronts, Berenberg Says
* Evonik Posts ‘Decent Results’ in 4Q with Robust FCF: Analysts (+)
* Home-Bound Players Could Boost EU Video Games Stocks: Jefferies
* Howden to Benefit From Better Kitchens Market, U.K. Budget: Peel
* Inchcape PT Lowered From Street-High at Jefferies on Weaker EPS (+)
* Infineon Raised to Buy at Bankhaus Lampe; PT 21 euros (+)
* Intu Shares Now Just ‘Option Value’ on Assets, Berenberg Says (+)
* I-Res Political Concern Overdone, Goodbody Says; Moves to ‘Buy’
* Morgan Stanley Cuts Europe Oil Stock PTs, Sees Buybacks Shelved (+)
* Munich Re Raised at Jefferies With Capital Expectations Exceeded
* Rockwool Virus Exposure Limited, Stock Raised at Handelsbanken (+)