>>> Europe : Brokers Upgrades & Downgrades - 9th of July 2020 V2(+)

>>> Up
* Fortum Raised to Overweight at Barclays; PT 22 euros
* Inditex Raised to Buy at Mirabaud Securities; PT 26 euros (+)
* Sartorius Raised to Hold at Hauck & Aufhaeuser; PT 320 euros (+)
* Verbund Raised to Equal-Weight at Barclays; PT 44 euros

>>> Down
* Aixtron Cut to Hold at M.M. Warburg; PT 11 euros (+)
* Brenntag Cut to Add at Baader Helvea; PT 51 euros (+)
* Compass Cut to Underperform at RBC; PT 1,000 pence
* CropEnergies Cut to Hold at LBBW; PT 10.20 euros
* Engie Cut to Neutral at Citi; PT 12.70 euros
* Husqvarna Cut to Hold at ABG; PT 85 kronor
* Lonza Cut to Hold at MainFirst; PT 540 Swiss francs
* Probi Cut to Hold at SEB Equities; PT 283 kronor
* Uniper Cut to Underweight at Barclays; PT 27.50 euros
* Wartsila Cut to Sell at DNB Markets; PT 6 euros

>>> Initiation
* Amryt Pharma ADRs Rated New Overweight at Cantor; PT $45
* DFV GY Rated New Hold at Bankhaus Metzler; PT 24.20 euros
* Ferrari Rated New Outperform at RBC; PT 200 euros
* JDE PEET'S Rated New Buy at Deutsche Bank; PT 41 euros
* JDE PEET'S Rated New Overweight at JPMorgan; PT 43 euros
* JDE PEET'S Rated New Neutral at Goldman; PT 40 euros
* JDE PEET'S Rated New Neutral at Citi; PT 41 euros (+)
* Michelin Rated New Outperform at RBC; PT 112 euros
* Ninety One Rated New Buy at HSBC; PT 249.70 pence
* Pacifico European Renewables Yieldco Rated New Buy at MainFirst
* Uniper Rated New Reduce at Oddo BHF; PT 24.30 euros

>>> Call
* Barry Callebaut’s Raised Guidance a Sign of Confidence: Vontobel (+)
* Compass Too Expensive Amid Uncertainty, RBC Cuts to Underperform
* Dart Group Well Positioned Following Record Year: Jefferies
* Delivery Hero Is Pick Over Just Eat on Market Share, RBC Says
* Deutsche Post PTs Raised at Berenberg, Citi on 2Q Earnings Jump (+)
* Telefonica Deutschland Cut to Reduce at New Street Research (+)
* DWS, Partners Group Among Top Asset Manager Picks, MS Says
* Ferrari Has Upside From Purosangue SUV, RBC Starts at Outperform
* Hargreaves Lockdown Clients May Prove Less Profitable: Berenberg
* Persimmon Update Shows Progress Made Ahead of Peers, Citi Says (+)
* Rolls-Royce Future ‘Brighter’ on Cash Flow Guidance: Jefferies (+)
* SAP Update Better Than Expected, Guidance Achievable: Jefferies (+)
* Sodexo Remains Expensive, RBC Says, Cutting Forecasts (+)
* Swedbank, SEB Seen Having Good Momentum Ahead of 2Q: MS (+)