>>> Europe : Brokers Upgrades & Downgrades - 23rd if June 2021 V2(+)

>>> Up
* Assa Abloy Raised to Hold at Handelsbanken; PT 280 kronor
* Atlantia Upgraded to BB by S&P, Outlook Positive
* BHP Group PLC Raised to Overweight at Morgan Stanley
* Cairn Energy Raised to Speculative Buy at Canaccord (+)
* DNB Raised to Buy at Citi
* EnQuest Raised to Speculative Buy at Canaccord; PT 26 pence (+)
* Hunting Raised to Overweight at JPMorgan; PT 290 pence
* IMI Raised to Buy at HSBC; PT 2,065 pence
* Partners Group Raised to Hold at Berenberg
* Shell Raised to Buy at SocGen; PT 1,702.53 pence
* Swedbank Raised to Overweight at JPMorgan; PT 195 kronor
* Travis Perkins Raised to Buy at Deutsche Bank; PT 2,056 pence
* Tullow Raised to Hold at Canaccord; PT 60 pence (+)
* Vallourec Raised to Buy at SocGen; PT 13.40 euros
* Virgin Money UK Raised to Hold at Investec; PT 205 pence (+)
* Wacker Chemie Raised to Buy at Baader Helvea; PT 165 euros (+)

>>> Down
* Burberry Cut to Hold at HSBC; PT 2,350 pence (+)
* DNB Cut to Neutral at JPMorgan; PT 200 kroner
* Glencore Cut to Equal-Weight at Morgan Stanley; PT 334 pence
* Hermes International Cut to Reduce at HSBC; PT 1,000 euros (+)
* Hurricane Energy Cut to Sell at Canaccord; PT 0.30 pence (+)
* Kering Cut to Hold at HSBC; PT 820 euros (+)
* Richemont Cut to Hold at HSBC; PT 124 Swiss francs (+)
* Wartsila Cut to Hold at Pareto Securities; PT 13.50 euros (+)

>>> Initiation
* Alphawave IP Rated New Outperform at BMO; PT 425 pence
* Alphawave IP Rated New Overweight at Barclays; PT 475 pence (+)
* CentralNic Rated New Buy at Berenberg; PT 180 pence
* dotdigital Rated New Buy at Berenberg; PT 290 pence
* Gusbourne Rated New Buy at Panmure Gordon; PT 118 pence (+)
* Momentum Rated New Buy at Danske Bank Markets; PT 240 kronor (+)
* Paion Rated New Buy at Stifel; PT 4.15 euros
* Polar Capital Rated New Buy at Panmure Gordon; PT 929 pence
* Spirent Rated New Buy at Berenberg; PT 310 pence
* Trustpilot Rated New Buy at Peel Hunt; PT 430 pence
* VP Rated New Buy at Berenberg; PT 1,310 pence

>>> Call
* Berkeley Profit Beats, Enquiry Levels Should Reassure: Jefferies (+)
* Castellum, Fabege Best Prepared for Climate Adaptation: SHB
* DNB Premium Versus Peers Justified, Upgraded to Buy at Citi
* Nordea, DNB's $15 Billion Payout Leads Likes of Barclays, SocGen
* Pernod FY Guidance Upgrade Stronger Than Anticipated: Jefferies (+)
* Spirent, DotDigital and CentralNic All Rated Buy at Berenberg (+)
* Travis Perkins Upgraded at Deutsche Bank; Other Brokers Lift PTs (+)
* Upside Potential Across Israeli Banks as Economy Grows: Barclays
* VW’s Performance in China Is Somewhat Worrisome, Bernstein Says

>>> Stoxx 600 Pre-Market Indications

  • Pernod Ricard (PER TH) +2.1%
    • Pernod Ricard Boosts FY Recurring Ops Profit Organic Growth View
  • Rio Tinto (RIO1 TH) +2.1%
    • Watch European Mining Stocks as Base Metals, Iron Ore Gain
  • Reckitt (3RB TH) +1.8%
  • Siemens Gamesa (GTQ1 TH) +1.8%
  • Maersk (DP4B TH) +1.4%
    • One of World’s Busiest Ports Is Back to Business After Covid Jam
  • Carnival Plc (POH1 TH) +1.3%
  • BHP Group PLC (BIL TH) +1.3%
  • Swedbank (FRYA TH) +1.1%
    • Swedbank Raised to Overweight at JPMorgan; PT 195 kronor
  • Delivery Hero (DHER TH) -0.6%
  • MTU Aero (MTX TH) -0.6%

>>> TradeGate Pre-Market Indications

DAX:
  • None
MDAX:
  • Thyssenkrupp (TKA TH) +1.6%
    • Watch European Mining Stocks as Base Metals, Iron Ore Gain
  • Nordex (NDX1 TH) +1.3%
  • Lufthansa (LHA TH) +1.1%
    • POINT72 Europe (London) Boosts Short Position in Lufthansa
  • Commerzbank (CBK TH) +0.7%
  • Shop Apotheke (SAE TH) -0.8%
    • Shop Apotheke Cut to Hold at Bankhaus Metzler; PT 155 euros
SDAX:
  • SGL (SGL TH) +1.7%
  • SAF-Holland SE (SFQ TH) -1.4%
  • LPKF (LPK TH) -1.7%
  • Global Fashion Group (GFG TH) -1.8%

>>> Europe : Brokers Upgrades & Downgrades - 23rd if June 2021

>>> Up
* Assa Abloy Raised to Hold at Handelsbanken; PT 280 kronor
* Atlantia Upgraded to BB by S&P, Outlook Positive
* BHP Group PLC Raised to Overweight at Morgan Stanley
* DNB Raised to Buy at Citi
* Hunting Raised to Overweight at JPMorgan; PT 290 pence
* IMI Raised to Buy at HSBC; PT 2,065 pence
* Partners Group Raised to Hold at Berenberg
* Shell Raised to Buy at SocGen; PT 1,702.53 pence
* Swedbank Raised to Overweight at JPMorgan; PT 195 kronor
* Travis Perkins Raised to Buy at Deutsche Bank; PT 2,056 pence
* Vallourec Raised to Buy at SocGen; PT 13.40 euros

>>> Down
* DNB Cut to Neutral at JPMorgan; PT 200 kroner
* Glencore Cut to Equal-Weight at Morgan Stanley; PT 334 pence

>>> Initiation
* Alphawave IP Rated New Outperform at BMO; PT 425 pence
* CentralNic Rated New Buy at Berenberg; PT 180 pence
* dotdigital Rated New Buy at Berenberg; PT 290 pence
* Paion Rated New Buy at Stifel; PT 4.15 euros
* Polar Capital Rated New Buy at Panmure Gordon; PT 929 pence
* Spirent Rated New Buy at Berenberg; PT 310 pence
* Trustpilot Rated New Buy at Peel Hunt; PT 430 pence
* VP Rated New Buy at Berenberg; PT 1,310 pence

>>> Call
* DNB Premium Versus Peers Justified, Upgraded to Buy at Citi
* Nordea, DNB's $15 Billion Payout Leads Likes of Barclays, SocGen
* Upside Potential Across Israeli Banks as Economy Grows: Barclays
* VW’s Performance in China Is Somewhat Worrisome, Bernstein Says