>>> Europe : BrokersUpgrades & Downgrades - 26th of October 2020

>>> Up
* Aker Solutions Raised to Buy at SEB Equities; PT 11 kroner
* Avance Gas Raised to Buy at Arctic Securities; PT 40 kroner
* Betsson Raised to Buy at Pareto Securities; PT 82 kronor
* BPER Banca Raised to Buy at HSBC; PT 1.75 euros
* BW LPG Raised to Buy at Arctic Securities; PT 55 kroner
* EDF Raised to Buy at HSBC; PT 12.10 euros
* Ipsen Raised to Overweight at Barclays; PT 96 euros
* L'Oreal Raised to Hold at Berenberg; PT 280 euros
* LEARNING TECHNOLOGIES RAISED TO BUY VS HOLD AT PEEL HUNT
* McCarthy & Stone Raised to Equal-Weight at Barclays
* New Work SE Raised to Hold at Berenberg; PT 220 euros
* PKO Raised to Buy at Goldman; PT 30.90 zloty
* RBI Raised to Buy at HSBC; PT 18 euros
* Royal Unibrew Raised to Hold at Handelsbanken; PT 650 kroner
* Synthomer Raised to Overweight at JPMorgan; PT 450 pence
* TechnipFMC Raised to Buy at SocGen; PT $8.89

>>> Down
* Adidas Cut to Hold at HSBC; PT 305 euros
* Beazley Cut to Equal-Weight at Morgan Stanley; PT 350 pence
* Fortum Cut to Neutral at Credit Suisse; PT 19 euros
* ICA Gruppen Cut to Hold at SEB Equities; PT 440 kronor
* KWS Saat Cut to Hold at Nord/LB; PT 63 euros
* SAP Cut to Neutral at JPMorgan; PT 120 euros
* Topdanmark Cut to Hold at ABG; PT 290 kroner
* Wartsila Cut to Underweight at JPMorgan; PT 6.70 euros

>>> Initiation

>>> Call
* DSV’s Good Performance Takes Pressure Off M&A for Now: Bernstein
* Kungsleden Preferred Swedish Office Exposure Stock: Barclays
* Learning Tech Outlook Improving, Peel Hunt Upgrades to Buy
* Neste Well-Placed to Keep Margins Strong, Berenberg Hikes PT