>>> Europe : Upgrades & Downgrades - 10th of June 2019

>>> Up
* Aegon Upgraded to Neutral at Citi
* Allianz Upgraded to Buy at Citi
* Generali Upgraded to Neutral at Citi
* Industrivarden Raised to Buy at Kepler Cheuvreux; PT 236 Kronor
* Neste Upgraded to Buy at Citi
* Prudential Upgraded to Buy at Citi
* RSA Upgraded to Buy at Citi
* S4 Capital Upgraded to Buy at HSBC; PT 1.80 Pounds
* Saipem Upgraded to Hold at Jefferies; PT 4.65 Euros
* Taylor Wimpey Upgraded to Hold at Shore Capital; PT 1.60 Pounds
* Vesuvius Upgraded to Top Pick at RBC; Price Target 7 Pounds

>>> Down
* FirstGroup Downgraded to Reduce at HSBC; Price Target 90 Pence

>>> Initiation


>>> Call
* Axa Among Citi’s Top Europe Insurer Picks, Allianz, Aegon Raised
* Addtech Expectations too High, DI Says With Sell Recommendation
* Playtech Gets Buy Rating as Jefferies Sees Positive Change Ahead
* Metall Zug Falls on Warning of Break-Even 1H; Kepler Cuts Stock