>>> Europe : Brokers Upgrades & Downmgrades - 24th June 2019

>>> Up
* Admiral Upgraded to Overweight at Barclays; PT 23 Pounds
* BAKKAVOR RAISED TO EQUAL-WEIGHT AT MORGAN STANLEY, PT 145P
* Deere Upgraded to Buy at Jefferies; PT $190
* Julius Baer Upgraded to Outperform at RBC; PT 57 Francs
* Metro AG Raised to Market Perform at Bernstein; PT 16 Euros

>>> Down
* Nanoco Downgraded to Hold at Jefferies; PT 9 Pence
* Natixis Downgraded to Neutral at JPMorgan; PT 3.90 Euros
* RWE Downgraded to Reduce at HSBC; Price Target 21 Euros
* Tod's Downgraded to Underperform at Credit Suisse; PT 32 Euros

>>> Initiation
* Entertainment One Rated New Buy at Berenberg; PT 4.75 Pounds
* Melrose Industries Rated New Buy at Citi; PT 2.20 Pounds
* Recipharm Rated New Hold at Jefferies; PT 117 Kronor
* Urban Exposure Rated New Buy at Jefferies; PT 90 Pence

>>> Call
* Melrose Initiated Buy, Has Self-Help Opportunity Upside: Citi