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

>>> Up
* eQ Raised to Accumulate at Inderes; PT 22 euros (+)
* Kloeckner PT Raised to 15.50 euros from 14 euros at M.M. Warburg (+)
* LVMH PT Raised to 750 euros from 660 euros at Jefferies
* Marks & Spencer Raised to Reduce at AlphaValue
* Smith & Nephew Raised to Outperform at Credit Suisse (+)
* UniCredit Raised to Buy at Citi

>>> Down
* Danone Cut to Underperform at RBC; PT 52 euros
* Medacta Cut to Neutral at Credit Suisse; PT 121 Swiss francs (+)
* Phoenix Group Cut to Add at Investec; PT 760 pence (+)

>>> Initiation
* GenSight Biologics Rated New Buy at Kempen & Co; PT 16 euros
* PolyPeptide Group Rated New Buy at Berenberg; PT 88 Swiss francs
* PolyPeptide Group Rated New Overweight at Morgan Stanley
* TotalEnergies SE ADRs Rated New Buy at MKM; PT $70

>>> Call
* Danone Cut at RBC, Things Set to Get Worse Before Improving
* Ferrari’s CEO Appointment ‘Highly Unexpected,’ Jefferies Says (+)
* Grenke Gets Another Buy as Berenberg Cites Fundamental Upside (+)
* LVMH, Kering PTs Raised on Luxury Sector Momentum: Jefferies
* PolyPeptide Analysts Start With Positive Ratings on Positioning