>>> Europe : Brokers Upgrades & Downgrades - 6th of January 2021 V2(+)

>>> Up
* Hannover Re Raised to Buy at Deutsche Bank
* LVMH PT Raised to 590 euros from 455 euros at Jefferies
* Patrizia PT Raised to 31 euros from 28.50 euros at M.M. Warburg (+)
* Robert Walters Raised to Neutral at Credit Suisse; PT 485 pence (+)
* 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
* AAP Implantate Cut to Hold at M.M. Warburg; PT 3.77 euros (+)
* ASR Nederland Cut to Hold at Deutsche Bank
* Bunzl Cut to Underperform at Credit Suisse; PT 2,250 pence (+)
* ElringKlinger Cut to Sell at M.M. Warburg; PT 12.50 euros (+)
* Hays Cut to Underperform at Credit Suisse; PT 125 pence (+)
* Intertek Cut to Neutral at Credit Suisse; PT 5,900 pence (+)
* 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
* Securitas Cut to Underperform at Credit Suisse; PT 125 kronor (+)

>>> Initiation
* Acacia Pharma Rated New Buy at Jefferies; PT 7.50 euros
* Nanobiotix SA ADRs Rated New Outperform at Evercore ISI
* ReNeuron Resumed Buy at Stifel; PT 400 pence (+)
* 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
* Recovery of Insurers Should Continue This Year: Deutsche Bank (+)
* LVMH Outlook Remains Strong, More Cautious on Kering: Jefferies (+)
* Tesla Gets Street-High Target at Morgan Stanley on Strong Sales
* Vodafone Simplifying Can Drive Re-Rating, Up to Buy: Berenberg