>>> Europe : Brokers Upgrades & Downgrades - 6th of January 2020 - V2 (+)

>>> Up
* ASR Nederland Raised to Buy at Deutsche Bank
* DNB Raised to Buy at Arctic Securities; PT 185 kroner (+)
* Jost Werke Raised to Overweight at JPMorgan; PT 42 euros
* Michelin Raised to Overweight at JPMorgan; PT 125 euros
* Molecular Partners Raised to Overweight at JPMorgan
* PGS ASA Raised to Buy at Arctic Securities; PT 25 kroner (+)
* Plastic Omnium Raised to Overweight at JPMorgan; PT 29 euros
* Renault Raised to Overweight at JPMorgan; PT 47 euros
* Sanofi Raised to Overweight at JPMorgan; PT 103 euros
* Sbanken Raised to Buy at Arctic Securities; PT 85 kroner (+)
* Schaeffler Raised to Overweight at JPMorgan; PT 11 euros
* Sonova Raised to Overweight at JPMorgan; PT 236 Swiss francs
* Telefonica Deutschland Raised to Buy at HSBC; PT 3.20 euros
* TI Fluid Raised to Overweight at JPMorgan; PT 315 pence
* UCB Raised to Overweight at JPMorgan; PT 91 euros

>>> Down
* Bakkavor Cut to Hold at HSBC; PT 144.90 pence
* Casino Cut to Neutral at BofA (+)
* Galapagos ADRs Cut to Neutral at JPMorgan; PT $205
* Galapagos Cut to Neutral at JPMorgan; PT 185 euros
* Gamma Communications Cut to Hold at Jefferies; PT 1,280 pence
* Golden Ocean Cut to Hold at Cleaves Securities
* Hikma Cut to Underweight at JPMorgan; PT 1,850 pence
* Intrum Cut to Hold at SEB Equities; PT 299 kronor
* Ipsen Cut to Underweight at JPMorgan; PT 82 euros
* Metro AG Cut to Underperform at Bernstein; PT 11.50 euros
* Next Cut to Sell at SocGen; PT 6,588 pence
* Pagegroup Cut to Hold at Jefferies; PT 555 pence
* Scatec Solar Cut to Hold at DNB Markets; PT 125 kroner
* SP Group Cut to Hold at ABG; PT 270 kroner
* St James's Place Cut to Hold at Deutsche Bank
* TGS Cut to Hold at Arctic Securities; PT 300 kroner (+)
* Wm Morrison Supermarkets Cut to Underperform at BofA (+)

>>> Initiation
* FDJ Rated New Buy at SocGen; PT 28.40 euros
* FDJ Rated New Hold at HSBC; PT 24.50 euros
* STMicroelectronics ADRs Reinstated Hold at Jefferies; PT $30
* STMicroelectronics Rated New Hold at Jefferies; PT 30 euros

>>> Call
* RBC’s Calvasina Boosts S&P 500 Year-End Target to 3,460