>>> Europe : Brokers Upgrades & Downgrades - 7th of September 20

>>> Up
*ATLAS COPCO RAISED TO OVERWEIGHT VS EQUALWEIGHT: MORGAN STANLEY
*AVIVA RAISED TO BUY VS NEUTRAL AT UBS
*EDP RENOVAVEIS RAISED TO NEUTRAL VS SELL AT GOLDMAN
*ENEL RAISED TO BUY, ADDED TO CONVICTION LIST AT GOLDMAN
*IBERDOLA RAISED TO OVERWEIGHT AT MORGAN STANLEY
*NN GROUP RAISED TO BUY VS HOLD AT KEPLER CHEUVREUX
*STANDARD LIFE RAISED TO OUTPERFORM AT BERNSTEIN
*SSE RAISED TO MARKET PERFORM VS UNDERPERFORM AT BERNSTEIN
*SWEDISH MATCH RAISED TO OUTPERFORM VS NEUTRAL AT EXANE
*WEIR RAISED TO OVERWEIGHT VS EQUALWEIGHT AT MORGAN STANLEY

>>> Down
*ARCAM CUT TO HOLD AT NORDEA
*BARCLAYS CUT TO HOLD AT SANTANDER
*CENTRICA CUT TO SELL AT GOLDMAN
*EDF CUT TO SELL VS NEUTRAL AT GOLDMAN
*ENDESA CUT TO SELL VS NEUTRAL AT GOLDMAN
*ENGIE CUT TO NEUTRAL VS BUY AT GOLDMAN
*E.ON CUT TO NEUTRAL VS BUY AT GOLDMAN
*FERROVIAL CUT TO SECTOR PERFORM AT RBC CAPITAL
*MAXIM INTEGRATED CUT TO SECTOR PERFORM AT RBC CAPITAL
*NATIONAL GRID CUT TO MARKET PERFORM VS OUTPERFORM AT BERNSTEIN
*NESTE CUT TO SELL AT NORDEA
*RECKITT BENCKISER CUT TO NEUTRAL VS OUTPERFORM AT EXANE
*RICHEMONT CUT TO EQUALWEIGHT VS OVERWEIGHT AT BARCLAYS
*ROLLS-ROYCE HOLDINGS CUT TO ’UNDERPERFORM’ AT EXANE BNP PARIBAS
*SWATCH CUT TO UNDERWEIGHT VS EQUALWEIGHT AT BARCLAYS
*SIEMENS CUT TO NEUTRAL VS BUY AT UBS
*SLM SOLUTIONS CUT TO HOLD VS BUY AT HSBC

>>> PT Change


>>> Initiation
*BARRICK GOLD RATED NEW SELL AT BERENBERG; PT $15.2
*COCA-COLA EUROPEAN PARTNERS RATED NEW BUY AT CITI, PT EU41
*FORTUM RATED NEW SELL AT GOLDMAN; PT EU12.5
*GOLDCORP RATED NEW HOLD AT BERENBERG; PT $16.5
*JUNGHEINRICH RATED NEW NEUTRAL AT CITI, PT EU31
*KINROSS GOLD RATED NEW HOLD AT BERENBERG; PT $4.6
*KION GROUP RATED NEW BUY AT CITI, PT EU64
*NESTLE RESUMED AT MARKET PERFORM AT BERNSTEIN; PT CHF80, WAS PREVIOUSLY RATED OUTPERFORM AT BERNSTEIN
*POLYMETAL INTERNATIONAL RATED NEW BUY AT BERENBERG; PT 1,200P
*RANDGOLD RESOURCES RATED NEW HOLD AT BERENBERG; PT 7,190P
*SSE RATED NEW NEUTRAL AT GOLDMAN; PT 1,603P

>>> Call
>> Stock
*ENERGIAS DE PORTUGAL EXITS CONVICTION SELL LIST AT GOLDMAN, *ENERGIAS DE PORTUGAL STILL RATED SELL AT GOLDMAN