>>> Europe : Brokers Upgrades & Downgrades - 9t of June 2022

>>> Up
* Avast Raised to Buy at HSBC; PT 620 pence
* Britvic Raised to Overweight at Morgan Stanley; PT 940 pence
* Cellnex Raised to Buy at Citi
* Informa Raised to Buy at Kepler Cheuvreux; PT 655 pence
* Partners Group Raised to Buy at SocGen; PT 1,300 Swiss francs
* Seadrill Raised to Buy at SEB Equities; PT 390 kroner
* Sodexo Raised to Buy at HSBC; PT 85 euros
* Spie PT Raised to 32 euros from 29 euros at Berenberg

>>> Down
* ACS Cut to Hold at Kepler Cheuvreux; PT 27.95 euros
* Atlantia Cut to Sector Perform at RBC; PT 23 euros
* Compass Cut to Hold at HSBC; PT 1,990 pence
* Credit Suisse Cut to Add at AlphaValue/Baader
* DNB Bank Cut to Underperform at Exane; PT 192 kroner
* Elior Group Cut to Hold at HSBC; PT 3 euros
* Ferrovial Cut to Sector Perform at RBC; PT 24 euros
* Nexi Cut to Neutral at JPMorgan; PT 10.80 euros
* Wacker Chemie Cut to Underweight at JPMorgan; PT 160 euros

>>> Initiate
* Ambea Resumed Buy at Nordea; PT 75 kronor
* EQT Rated New Hold at SocGen; PT 305 kronor
* Haffner Energy Rated New Neutral at Oddo BHF; PT 9 euros
* Lords Group Trading Rated New Buy at Berenberg; PT 120 pence

>>> Call
* Cellnex Upgraded at Citi With Risk-Reward ‘Very Attractive’
* See Opportunities in Soft Drinks, Britvic Raised: Morgan Stanley