>>> Europe : Brokers Upgrades & Downgrades - 9th of August 2021

>>> Up
* Commerzbank Raised to Buy at Citi
* Nurminen Logistics Raised to Reduce at Inderes; PT 1.10 euros
* Outokumpu Raised to Add at AlphaValue/Baader
* Pirelli Raised to Neutral at JPMorgan; PT 5.60 euros
* Stellantis Raised to Buy at AlphaValue/Baader
* Tesla Raised to Buy at Jefferies; PT $850

>>> Down
* Bet-at-Home Cut to Hold at FMR Frankfurt Main; PT 32 euros
* CM Cut to Neutral at Kempen & Co; PT 45 euros
* ConvaTec Cut to Underperform at RBC; PT 213 pence
* Daimler Cut to Hold at Jefferies; PT 82 euros
* Galapagos Cut to Hold at Deutsche Bank
* HeidelbergCement Cut to Underweight at Barclays; PT 73 euros
* Hikma Cut to Equal-Weight at Morgan Stanley; PT 2,600 pence
* IG Group Cut to Add at Peel Hunt; PT 1,000 pence
* Iliad Cut to Equal-Weight at Barclays; PT 182 euros
* IMCD Cut to Hold at Berenberg; PT 145 euros
* Kongsberg Cut to Neutral at SpareBank; PT 260 kroner
* Raiffeisen Cut to Underperform at KBW; PT 22.50 euros
* Savills Cut to Hold at Peel Hunt; PT 1,210 pence

>>> Initiation
* Acciona Resumed Buy at Citi; PT 190 euros
* Allianz Tech Rated New Buy at Investec
* ANE SM Rated New Overweight at Morgan Stanley; PT 36 euros
* AstraZeneca Resumed Overweight at Morgan Stanley; PT 9,800 pence
* Corp Acciona Energias Renovables Rated New Buy at Citi
* Corp Acciona Energias Renovables Rated New Neutral at Goldman
* Orion Reinstated Sell at Goldman; PT 26 euros
* Hexicon Rated New Buy at SpareBank; PT 5 kronor
* Qiagen Reinstated Overweight at Morgan Stanley
* Taylor Maritime Investments Rated New Buy at Jefferies
* Tufton Oceanic Assets/The Fund Rated New Buy at Jefferies
* Vifor Pharma Reinstated Neutral at Goldman; PT 129 Swiss francs

>>> Call
* Corp Acciona Energias Renovables Rated New Buy at Berenberg
* EU Real Estate Stocks May Follow U.S. Peers Higher on Breakout
* Tesla Up to Buy on Earnings Momentum, Daimler to Hold: Jefferies