>>> Europe : Brokers Upgrades & Dpwngrades - 2nd of July 2021 V2(+)

>>> Up
* Anglo American Raised to Outperform at Bernstein; PT 3,510 pence
* Barratt Raised to Buy at Jefferies; PT 876 pence
* BASF Raised to Neutral at JPMorgan; PT 68 euros
* Bellway Raised to Buy at Jefferies; PT 4,096 pence
* Givaudan Raised to Neutral at Goldman; PT 4,600 Swiss francs
* Informa Raised to Buy at Berenberg; PT 640 pence
* Morgan Advanced PT Raised to 420 pence at Jefferies
* SKF Raised to Hold at Jefferies; PT 215 kronor
* Titanium Raised to Accumulate at Inderes; PT 15.50 euros

>>> Down
* Aker BP Cut to Neutral at Citi
* BHP Group PLC Cut to Sell at Liberum; PT 1,900 pence
* Evonik Cut to Sell at Goldman; PT 27.60 euros
* H&M Cut to Neutral at Goldman; PT 225 kronor
* H&M Cut to Neutral at Citi; PT 206 kronor
* Pennon Cut to Hold at SocGen; PT 1,160 pence
* Sanne Group Cut to Hold at HSBC; PT 875 pence
* Swedbank Cut to Hold at Arctic Securities; PT 170 kronor (+)
* Windar Photonics Cut to Hold at Cenkos Securities (+)

>>> Initiation
* Aedas Homes SA Rated New Outperform at Oddo BHF; PT 31 euros
* Beiersdorf Reinstated Buy at Stifel; PT 115 euros
* Bidstack Group Rated New Buy at Cenkos Securities (+)
* Chemring Group Reinstated Buy at Jefferies; PT 370 pence
* C-Rad Rated New Buy at Pareto Securities; PT 75 kronor
* Henkel Reinstated Hold at Stifel; PT 100 euros
* Metrovacesa Rated New Neutral at Oddo BHF; PT 8 euros
* Neinor Rated New Outperform at Oddo BHF; PT 13.90 euros
* Nexi Rated New Overweight at JPMorgan; PT 23 euros
* Novartis Rated New Market Perform at Cowen
* OMV Resumed Neutral at Citi

>>> Call
* Barratt, Bellway Upgraded, Still Positive on Builders: Jefferies
* Chemring Gets Another Buy as Jefferies Sees ‘Compelling’ Story
* H&M Cut at Citi, Upside Not Enough for Positive Rating
* Informa Has Potential for Strong Recovery, Up to Buy: Berenberg
* Royal Unibrew Delivering on Bolt-on Deals is a Positive: Citi (+)
* SKF Earnings May Be Positive Surprise, Raised at Jefferies (+)