>>> Europe : Brokers Upgrades & Downgrades - 8th of June 2022

>>> Up
* AIB Group Raised to Outperform at KBW; PT 3.30 euros
* Assa Abloy Raised to Hold at HSBC; PT 225 kronor
* Atlas Copco Raised to Buy at HSBC; PT 130 kronor
* BT Raised to Hold at HSBC; PT 185 pence
* Hexpol Raised to Buy at SEB Equities; PT 107 kronor
* Johnson Matthey Raised to Buy at Panmure Gordon; PT 3,888 pence
* MFE Raised to Overweight at JPMorgan; PT 1.20 euros
* MOL Raised to Buy at Erste Group; PT 3,520 forint
* Safran Raised to Outperform at Exane; PT 134 euros
* Sanoma Raised to Buy at Nordea; PT 15.90 euros
* Standard Chartered PT Raised to 991 pence at Jefferies
* Yara Raised to Overweight at Morgan Stanley; PT 580 kroner

>>> Down
* Altria Cut to Underweight at Morgan Stanley; PT $50
* OCI Cut to Equal-Weight at Morgan Stanley; PT 36 euros
* Schindler Cut to Reduce at HSBC; PT 173 Swiss francs

>>> Initiation
* Investec Rated New Overweight at ABSA Securities
* Kingspan Reinstated Buy at Goldman; PT 105 euros
* Pensionbee Group Rated New Buy at Jefferies; PT 220 pence
* Rockwool Reinstated Neutral at Goldman; PT 2,257 kroner
* Telefonica Deutschland Rated New Sell at Berenberg

>>> Call
* Altria Gets Only Negative Rating as MS Cites Competitive Risks
* Pensionbee New Buy as Jefferies Sees High Growth Continuing
* Safran Raised to Outperform at Exane for First Time in 9 Years
* Telefonica Deutschland New Sell at Berenberg on Dividend Risks
* Yara Now Top Fertilizer Pick at Morgan Stanley, OCI Downgraded