>>> Europe : Brokers Upgrades & Downgrades - 9th of February 202

>>> Up
* H&M Raised to Add at AlphaValue/Baader
* K+S Raised to Neutral at Citi; PT 22 euros
* Publicis PT Raised to 65 euros from 53 euros at Morgan Stanley
* Swiss Re Raised to Buy at HSBC; PT 115 Swiss francs

>>> Down
* Barratt Cut to Add at Peel Hunt; PT 490 pence
* Bunge Cut to Neutral at Baird; PT $115
* Hannover Re Cut to Hold at HSBC; PT 193 euros
* Hiscox Cut to Hold at HSBC; PT 1,250 pence
* Shop Apotheke Cut to Underperform at Credit Suisse

>>> Initiation
* Ashtead Technology Rated New Buy at Berenberg
* Ithaca Energy Rated New Underweight at Barclays; PT 140 pence

>>> Call
* Kone Downgraded at Exane on Slowing Growth, Margin Profile