>>> Europe : Brokers Upgrqdes & Downgrades - 22nd of May 2020 V2(+)

>>> Up
* Aena Raised to Buy at CaixaBank BPI; PT 137.70 euros
* Altice Europe Raised to Buy at HSBC; PT 4.50 euros
* Big Yellow Group Raised to Buy at HSBC; PT 1,096 pence
* Electra Private Equity Raised to Buy at HSBC; PT 290 pence
* Embracer Group AB Raised to Buy at SEB Equities; PT 130 kronor
* Falck Renewables Raised to Buy at Equita; PT 5.30 euros
* G4S Raised to Overweight at JPMorgan; PT 110 pence
* Intertek Raised to Equal-Weight at Morgan Stanley
* ITV Raised to Buy at Goldman; PT 96 pence
* Securitas Raised to Overweight at JPMorgan; PT 130 kronor
* Sixt Raised to Buy at Bankhaus Metzler; PT 80 euros

>>> Down
* Aveva Cut to Hold at Stifel; PT 3,787 pence (+)
* Bouvet Cut to Neutral at SpareBank; PT 520 kroner
* Hammerson Cut to Reduce at HSBC; PT 52 pence
* Moncler Cut to Hold at Fidentiis Equities
* National Grid ADRs Cut to Neutral at Citi
* SSE Cut to Sell at Citi

>>> Initiation
* Blue Prism Rated New Overweight at Piper Sandler
* Neste Rated New Buy at Berenberg; PT 40.50 euros
* Team17 Rated New Hold at Canaccord; PT 600 pence (+)

>>> Call
* Burberry Results Show Encouraging Signs After Tough FY20 End: MS
* Buy Defensive Stocks as Pullback Looms, Bernstein Quants Say
* ITV Upgraded at Goldman Amid Expected Ad Momentum Improvement (+)
* Stadler Rail Top Investor Is Best Choice for Acting CEO: Citi (+)