>>> Europe : Brokers Upgrades & Downgrades - 9th of February 2021 V2(+)

>>> Up
* Aggreko PT Raised at RBC on Chance of Higher Bid Emerging
* Alfa Laval Raised to Outperform at Credit Suisse; PT 275 kronor (+)
* Asos Raised to Buy at BofA; PT 5,800 pence (+)
* Ceconomy Raised to Add at AlphaValue
* Cementir Raised to Buy at AlphaValue
* Dialog Semi PT Raised to 70 euros from 60 euros at Deutsche Bank
* Electrocomponents Raised to Overweight at JPMorgan
* GEA Group Raised to Add at Baader Helvea; PT 34 euros
* HSBC Raised to Sector Perform at RBC; PT 420 pence
* HSBC Raised to Neutral at BofA; PT 405 pence (+)
* Iliad Raised to Buy at HSBC; PT 190 euros
* IQE Raised to Buy at Stifel; PT 100 pence (+)
* Kungsleden PT Raised to 110 kronor from 92 kronor at Barclays (+)
* Vinci Raised to Buy at HSBC; PT 98 euros

>>> Down
* Carlsberg Cut to Sector Perform at RBC; PT 1,000 kroner (+)
* Dialog Semi Cut to Market Perform at Cowen; PT 67.50 euros
* Dialog Semi Cut to Neutral at Credit Suisse; PT 67.50 euros (+)
* Dialog Semi Cut to Hold at Hauck & Aufhaeuser; PT 67.50 euros (+)
* Dialog Semi Cut to Hold at M.M. Warburg; PT 67.50 euros (+)
* Entra Cut to Equal-Weight at Barclays; PT 205 kroner
* Publicis Cut to Neutral at Oddo BHF; PT 51 euros (+)
* Sagax Cut to Hold at Pareto Securities; PT 165 kronor
* Spire Healthcare Cut to Hold at Liberum; PT 180 pence
* Spirent Raised to Buy at Canaccord; PT 275 pence (+)

>>> Initiation
* Aptitude Software Group Rated New Buy at Panmure Gordon
* Inventiva SACA Rated New Buy at Bryan Garnier; PT 26 euros
* JDE Peet's NV Rated New Buy at Berenberg; PT 41 euros
* MPC Energy Solutions Rated New Buy at Fearnley; PT 90 kroner
* Red Electrica Rated New Market Perform at Bernstein

>>> Call
* AMS Results Strong, Though 1Q Sales Guidance ‘Light:’ Vontobel (+)
* Asos Double Upgraded at BofA on Reopening Benefits, Valuation (+)
* Bellway Update Should Provide Some Reassurance, Jefferies Says (+)
* Carlsberg Cut at RBC After Recent Gains; Performing ‘Admirably’ (+)
* Daetwyler FY20 ‘Slightly’ Above Expectations: Vontobel (+)
* Grenke’s COO Resignation a ‘Reputational Disaster’: Commerzbank (+)
* GEA Group Delivering on Margin Improvement, Raise to Add: Baader
* JDE Peet’s Positioned Strongly For Growth, Berenberg Rates Buy
* Lonza on Path to Becoming Health Care Pure-Play, Jefferies Says (+)
* Richemont Upgraded at Citi, Focus Moves Toward Jewelry Business