>>> Europe : Brokers Upgrades & Downgrades - 8th of January 2021 V2(+)

>>> Up
* CFE PT Raised to 90 euros from 70 euros at Berenberg
* Elisa Raised to Neutral at Citi; PT 47 euros
* Elkem Raised to Buy at SEB Equities; PT 36 kroner
* Energean PLC Raised to Outperform at RBC; PT 1,075 pence
* EQT Raised to Hold at Nordea (+)
* Mitchells & Butlers Raised to Overweight at Morgan Stanley (+)
* Naturgy Raised to Neutral at Exane; PT 19.20 euros
* RWE Raised to Outperform at Exane; PT 41 euros
* Synergie SE Raised to Buy at Midcap Partners; PT 36 euros (+)

>>> Down
* ADP Cut to Sell at Stifel; PT 75 euros
* Aegon Cut to Hold at HSBC; PT 3.70 euros
* Basic-Fit Cut to Hold at Berenberg; PT 28 euros
* EDP Renovaveis Cut to Neutral at Exane; PT 21 euros
* Interroll Cut to Underperform at Credit Suisse
* Kesla Cut to Reduce at Inderes; PT 4.20 euros
* Questfor Gr-Pricaf Cut to Accumulate at KBC Securities (+)
* Roche Cut to Equal-Weight at Morgan Stanley; PT 365 Swiss francs
* Sioen Cut to Hold at Berenberg; PT 23 euros
* Taylor Morrison Cut to Sector Perform at RBC; PT $27
* Trigano Cut to Hold at SocGen; PT 163 euros (+)
* Wood Cut to Hold at Investec; PT 355 pence (+)
* Yara Cut to Hold at Arctic Securities; PT 400 kroner

>>> Initiation
* Alstria Office Rated New Sell at SocGen; PT 12.40 euros
* Gecina Rated New Sell at SocGen; PT 98 euros
* Helios Towers Rated New Buy at Citi; PT 195 pence
* Inmobiliaria Colonial Rated New Sell at SocGen; PT 6.60 euros
* Merlin Properties Rated New Hold at SocGen; PT 8.30 euros
* Poxel Rated New Corporate at Bryan Garnier; PT 14 euros

>>> Call
* Barratt’s Completions Guidance Upgrade Positive, Jefferies Says (+)
* Daimler ‘Best Way’ to Tap Into Europe Cars Growth: Deutsche Bank (+)
* Elisa Raised to Neutral at Citi After Recent Underperformance (+)
* Energean Upgraded at RBC on Upside Risks, ESG Attractions
* M&S’s ‘Healthy’ 3Q Food Sales Offset Weak Clothing and Home: MS (+)
* RBC Bullish on European Staffers, Raises Adecco and Randstad PTs (+)
* Sodexo Maintaining Guidance ‘Impressive’ Given Virus: Bernstein (+)
* Steico to Benefit From EU Building Renovation Stimulus: Warburg (+)
* Wind Energy Risks Are Skewed to the Upside, Citi Says (+)