>>> Europe : Brokers Upgrades & Downgrades - 5th of November 2020 V2 (+)

>>> Up
* Airbus Raised to Hold at Nord/LB; PT 63 euros
* Amadeus PT Raised to 67 euros from 57 euros at Morgan Stanley
* BPER Banca Raised to Buy at Banca Akros (ESN) (+)
* Bpost PT Raised to 12 euros from 10 euros at Jefferies
* Cellnex Raised to Neutral at JB Capital Markets; PT 56 euros (+)
* Cyfrowy Raised to Buy at Wood & Company; PT 30.60 zloty
* Fresenius SE Raised to Buy at Nord/LB; PT 40 euros
* Galenica Raised to Buy at Mirabaud Securities (+)
* Glaxo Raised to Hold at Shore Capital
* Hannover Re Raised to Buy at LBBW; PT 155 euros (+)
* INWIT Raised to Buy at Intesa Sanpaolo; PT 12 euros (+)
* ISS Raised to Buy at SEB Equities; PT 125 kroner
* LPP Raised to Buy at HSBC; PT 7,560 zloty
* Salzgitter Raised to Buy at Bankhaus Metzler; PT 22 euros (+)
* Segro Raised to Hold at Peel Hunt
* Trainline Raised to Overweight at JPMorgan; PT 430 pence (+)
* Tritax Big Box Raised to Add at Peel Hunt
* Zalando Raised to Buy at Invest Securities SA; PT 102 euros (+)

>>> Down
* Coats Cut to Hold at HSBC; PT 62 pence
* Endesa Cut to Neutral at Alantra Equities; PT 28 euros (+)
* Tele Columbus Double-Downgraded at H&A on TV Challenges, Debt (+)

>>> Initiation
* Hensoldt Rated New Buy at Citi; PT 15 euros
* Homeserve Reinstated Outperform at Credit Suisse (+)
* Kin & Carta PLC Rated New Buy at Liberum; PT 175 pence (+)
* Siemens Energy Rated New Buy at SocGen; PT 26 euros
* Watches of Switzerland Rated New Buy at Jefferies; PT 470 pence

>>> Call
* Hensoldt to Benefit From Growth in German Defense Spending: Citi
* Lancashire Shares Set to Outperform After Update: Morgan Stanley (+)
* Lufthansa Capacity ‘Ambitious,’ Cash Burn Needs Focus: Bernstein (+)
* SocGen Results Strong as Net Profit Dwarfs Consensus: Jefferies (+)
* Tele Columbus Double-Downgraded at H&A on TV Challenges, Debt (+)
* UniCredit 3Q Results Solid, Strong Beat on Capital: Jefferies (+)
* Watches of Switzerland Has Further Upside Scope: Jefferies