>>> Europe : Brokers Upgrades & Downgrades - 5th of May 2021

>>> Up
* BNP Paribas PT Raised to 69 euros from 66 euros at Jefferies
* BNP Paribas Raised to Hold at Berenberg; PT 48 euros
* Dassault Systemes Raised to Reduce at AlphaValue
* Fastighets AB Trianon Raised to Buy at Handelsbanken
* Koenig & Bauer Raised to Buy at LBBW; PT 33 euros
* Solvac Raised to Accumulate at KBC Securities; PT 135 euros
* Strabag Raised to Hold at LBBW; PT 35 euros

>>> Down
* NP3 Fastigheter Cut to Sell at Handelsbanken; PT 145 kronor
* Telenor Cut to Hold at Handelsbanken; PT 158 kroner
* WPP Cut to Underperform at Exane; PT 880 pence

>>> Initiation
* CTP Rated New Overweight at Morgan Stanley; PT 15 euros

>>> Call
* Merck KGaA Shares May Rally on Guidance Uplift: Morgan Stanley