>>> Europe : Brokers Upgrades & Downgrades - 6th of January 2021

>>> Up
* Hannover Re Raised to Buy at Deutsche Bank
* LVMH PT Raised to 590 euros from 455 euros at Jefferies
* Siemens Healthineers Raised to Buy at Stifel; PT 51 euros
* Tesla PT Raised to $810 from $540 at Morgan Stanley
* Vodafone Raised to Buy at Berenberg; PT 155 pence
* WPP PT Raised to 1,300 pence from 1,050 pence at Citi

>>> Down
* ASR Nederland Cut to Hold at Deutsche Bank
* LPKF Cut to Hold at HSBC; PT 32 euros
* Maersk Drilling Cut to Neutral at JPMorgan; PT 224 kroner
* NN Cut to Hold at Deutsche Bank

>>> Initiation
* Acacia Pharma Rated New Buy at Jefferies; PT 7.50 euros
* Nanobiotix SA ADRs Rated New Outperform at Evercore ISI
* Sensorion Rated New Buy at Jefferies; PT 2.30 euros
* S4 Capital Rated New Buy at Peel Hunt; PT 630 pence
* Swiss Life Rated New Buy at Citi; PT 474 Swiss francs

>>> Call
* Tesla Gets Street-High Target at Morgan Stanley on Strong Sales
* Vodafone Simplifying Can Drive Re-Rating, Up to Buy: Berenberg