>>> Europe : Brokers Upgrades & Downgrades - 25th of February 2020 V2(+)

>>> Up
* Anglo American Raised to Overweight at Barclays; PT 2,800 pence
* Ascential Raised to Buy at Liberum; PT 420 pence
* CNP Assurances Raised to Buy at Oddo BHF; PT 18 euros (+)
* Delignit Raised to Hold at Commerzbank; PT 6.55 euros (+)
* EDF Raised to Buy at Goldman; PT 16.60 euros
* Grenke PT Raised to 110 euros from 95 euros at Deutsche Bank
* RBS Raised to Buy at Investec; PT 210 pence (+)
* Redrow Raised to Buy at Jefferies; PT 981 pence
* Rheinmetall Raised to Buy at MainFirst; PT 107 euros

>>> Down
* AB InBev Cut to Reduce at HSBC; PT 60 euros
* B&M European Cut to Hold at Shore Capital; PT 357 pence (+)
* Engie Cut to Hold at Deutsche Bank; PT 16.50 euros
* Finnair Cut to Reduce at Inderes; PT 5.75 euros (+)
* Fraport Cut to Reduce at Commerzbank; PT 59 euros
* Galapagos Downgraded at BofA Ahead of ‘Risky’ Data Readouts
* Gamuda Cut to Sell at Affin Hwang; PT MYR3
* HolidayCheck Cut to Hold at M.M. Warburg; PT 2.30 euros (+)
* HSS Engineers Cut to Hold at Affin Hwang; PT MYR0.78
* Nexans Cut to Neutral at Exane; PT 48 euros
* Novartis Cut to Neutral at Guggenheim
* Tesla Cut to Hold at Jefferies; PT $800
* Teva ADRs Cut to Sell at Edward Jones
* TUI Cut to Add at AlphaValue (+)

>>> Initiation
* Anglo Pacific Reinstated Outperform at RBC; PT 240 pence
* De La Rue Resumed Neutral at JPMorgan; PT 150 pence (+)
* Ricardo PT Cut to 720 pence from 900 pence at Liberum (+)
* Serge Ferrari SAS Rated New Buy at Gilbert Dupont; PT 9 euros (+)
* Softcat Rated New Buy at Peel Hunt; PT 1,407 pence

>>> Call
* B&M Downgraded at Shore on Lack of Visibility on Virus Impact (+)
* Bookmakers Good Value Even in Worst Regulatory Scenario: RBC
* Carrefour Upgraded, is Reaching Inflection Point: Morgan Stanley
* Clinigen Growth May Accelerate in 2H After Strong 1H: Peel Hunt (+)
* Croda to Slightly Underperform After 2H Earnings: Morgan Stanley (+)
* DSM’s Glycom Buy ‘Logical’, Will Support Growth: Deutsche Bank (+)
* Ericsson Webcast Shows Co. at Least on Par With Huawei: Liberum (+)
* Jefferies Positive on U.K. Homebuilders, Redrow Raised to Buy
* Leoni Provisions for Expected Losses Are Alarming, Oddo BHF Says (+)
* Prudential Shares Imply Zero Valuation For Jackson Unit, MS Says (+)

Reuters : Japan health minister says too early to talk about cancelling Olympics

Japan health minister says too early to talk about cancelling Olympics

TOKYO (Reuters) - Japanese health minister Katsunobu Kato said on Tuesday it was still too early to talk about cancelling the Tokyo Summer Olympics, which start on July 24, due to the coronavirus and its spread in Japan.
Questions have risen about whether the Olympics should be moved or canceled, with one London mayoral candidate saying London was ready to host the games if needed.
Kato’s comments came after the minister was asked about such views at a news conference.

>>> Stoxx 600 Pre-MArket Indications

  • Lufthansa (LHA TH) +2.2%
  • HelloFresh (HFG TH) +2.1%
  • Ryanair (RY4C TH) +2%
  • Adidas (ADS TH) +1.9%
  • Rheinmetall (RHM TH) +1.6%
  • Deutsche Bank (DBK TH) +1.6%
  • Daimler (DAI TH) +1.4%
  • Wirecard (WDI TH) +1.3%
  • Air France-KLM (AFR TH) +1.2%
  • Equinor (DNQ TH) +1.1%
    • Equinor Drops Australia Oil Plan in Win for Green Activists (2)
  • Veolia (VVD TH) -1%
  • Engie (GZF TH) -1.1%
    • Engie Cut to Hold at Deutsche Bank; PT 16.50 euros
  • Uniper (UN01 TH) -1.1%
  • TOMRA Systems ASA (TMR TH) -1.3%
    • TOMRA Systems ASA at Company Roadshow Hosted By Handelsbanken
  • ASML (ASME TH) -1.5%
  • Galapagos (GXE TH) -1.6%
  • Nexi (N0XA TH) -1.7%
  • DNB (NBA TH) -1.9%

>>> TradeGate Pre-MArket Indications

DAX:
  • Lufthansa (LHA TH) +2.8%
  • Deutsche Bank (DBK TH) +1.8%
  • Adidas (ADS TH) +1.8%
  • Daimler (DAI TH) +1.7%
  • BMW (BMW TH) +1.5%
MDAX:
  • Siltronic (WAF TH) +3%
  • ThyssenKrupp (TKA TH) +1.9%
  • Varta (VAR1 TH) +1.7%
  • Evotec SE (EVT TH) +1.6%
  • K+S (SDF TH) +1.4%
  • Uniper (UN01 TH) -0.7%
  • Deutsche Wohnen (DWNI TH) -1.2%
SDAX:
  • S&T (GROA TH) +3.8%
  • Wacker Neuson (WAC TH) +2.2%
  • HelloFresh (HFG TH) +1.8%
  • Heidelberger Druck (HDD TH) +1.8%
  • Nordex (NDX1 TH) +1.5%
  • Indus Holding (INH TH) -0.6%
  • DIC Asset (DIC TH) -1.1%
  • Deutsche Beteiligungs AG (DBAN TH) -1.1%
  • W&W (WUW TH) -1.4%
  • Leoni (LEO TH) -2.7%
    • Leoni Provisions for Expected Losses Are Alarming, Oddo BHF Says

>>> Europe : Brokers Upgrades & Downgrades - 25th of February 2020

>>> Up
* Anglo American Raised to Overweight at Barclays; PT 2,800 pence
* ASCENTIAL RAISED TO BUY VS HOLD AT LIBERUM, PT 420P
* Carrefour Raised to Overweight at Morgan Stanley
* EDF Raised to Buy at Goldman; PT 16.60 euros
* Grenke PT Raised to 110 euros from 95 euros at Deutsche Bank
* Redrow Raised to Buy at Jefferies; PT 981 pence
* Rheinmetall Raised to Buy at MainFirst; PT 107 euros

>>> Down
* AB InBev Cut to Reduce at HSBC; PT 60 euros
* Engie Cut to Hold at Deutsche Bank; PT 16.50 euros
* Fraport Cut to Reduce at Commerzbank; PT 59 euros
* Galapagos Downgraded at BofA Ahead of ‘Risky’ Data Readouts
* Gamuda Cut to Sell at Affin Hwang; PT MYR3
* HSS Engineers Cut to Hold at Affin Hwang; PT MYR0.78
* Nexans Cut to Neutral at Exane; PT 48 euros
* Novartis Cut to Neutral at Guggenheim
* Tesla Cut to Hold at Jefferies; PT $800
* Teva ADRs Cut to Sell at Edward Jones

>>> Initiation
* Anglo Pacific Reinstated Outperform at RBC; PT 240 pence
* Softcat Rated New Buy at Peel Hunt; PT 1,407 pence

>>> Call
* Bookmakers Good Value Even in Worst Regulatory Scenario: RBC
* Carrefour Upgraded, is Reaching Inflection Point: Morgan Stanley
* Jefferies Positive on U.K. Homebuilders, Redrow Raised to Buy