>>> Europe : Brokers Upgrades & Downgrades - 4th of December 2019

>>> Up
* Akzo Nobel Raised to Overweight at Morgan Stanley; PT 105 euros
* Arkema Raised to Overweight at Morgan Stanley; PT 110 euros
* Atlantia Raised to Overweight at JPMorgan; PT 25 euros
* Axa Raised to Overweight at Barclays; PT 29 euros
* Bellway Raised to Buy at Goodbody; PT 4,200 pence
* Berkeley Raised to Hold at Goodbody; PT 4,510 pence
* Ubisoft Raised to Overweight at Morgan Stanley; PT 80 euros
* Zurich Ins. Raised to Overweight at Barclays

>>> Down
* Allianz Cut to Equal-Weight at Barclays; PT 232 euros
* Aviva Cut to Equal-Weight at Barclays; PT 461 pence
* EQT Cut to Hold at SEB Equities; PT 114 kronor
* Mapfre Cut to Reduce at AlphaValue
* Moneysupermarket Cut to Underperform at RBC
* Securitas Cut to Sell at Deutsche Bank; PT 140 kronor
* Segro Cut to Underperform at RBC; PT 725 pence

>>> Initiation
* Boliden Rated New Outperform at RBC; PT 305 kronor
* Eni Rated New Outperform at MainFirst; PT 17 euros
* Shell Rated New Outperform at MainFirst; PT 2,644.17 pence
* Total Rated New Outperform at MainFirst; PT 61 euros

>>> Call
* Arkema Growth Pipeline Is Underappreciated, Morgan Stanley Says
* Carrefour Hypers Had 2018 Loss But Valuation Attractive: Kepler
* Moneysupermarket Rating Cut, GoCo Preferred on Innovation: RBC
* Ubisoft Upgraded; Morgan Stanley Sees Limited Valuation Downside

>>> TradeGate Pre-Market Indications

  • DAX:
    • Lufthansa (LHA TH) +1%
    • E.ON (EOAN TH) +0.7%
    • Infineon (IFX TH) +0.6%
    • Munich Re (MUV2 TH) +0.5%
    • Daimler (DAI TH) +0.5%
      • Mercedes Beats BMW in November, Tightening U.S. Luxury-Car Race
    MDAX:
    • Airbus (AIR TH) +1.4%
      • United Places $7 Billion Order for Longest-Range Airbus A321 Jet
    • United Internet (UTDI TH) +1.1%
    • Cancom (COK TH) -2.1%
      • Cancom Offering Prices 3.5m Shares at EU49.70/Share
    SDAX:
    • Leoni (LEO TH) +2.4%
    • Nordex (NDX1 TH) +2.1%
      • Nordex Wins Supply, Installation Order for 42 Turbines in Mexico
    • Schaeffler (SHA TH) +0.8%
    • Varta (VAR1 TH) +0.3%
      • Varta Wins Conditional EU Approval for Energizer Deal

>>> US After Hours Summary: HQY +13%, MRVL +3%, MCHP +2.4% are higher,

After Hours Summary: HQY +13%, MRVL +3%, MCHP +2.4% are higher, while ZS -5%, WDAY -3%, CRM -2% are lower following earnings/guidance

After Hours Gainers:

Companies trading higher in after hours in reaction to earnings/guidance: HQY +12.7%, GPRO +3.1% (reports "strong" Black Friday and Cyber Monday shopping period), MRVL +2.9%, MCHP +2.4%

Companies trading higher in after hours in reaction to news: RAPT +8.2% (RAPT Therapeutics and Hanmi Pharmaceutical announce collaboration to develop and commercialize FLX475 in Asia), XXII +6% (enters CBD health and wellness market with investment in Panacea Life Sciences), MA +1% (MasterCard authorizes the repurchase of up to $8 bln of Class A common stock and increases quarterly dividend to $0.40/share from $0.33/share), JNJ +0.9% (Johnson & Johnson says company investigation confirms no asbestos in Johnson's baby powder), GOOGL +0.8% (Alphabet releases letter from founders Larry Page and Sergey Brin; Going forward Sundar Pichai will be the CEO of both Google and Alphabet), CONE +0.4% (after closing near highs - up 4.2% on the day)

After Hours Losers:

Companies trading lower in after hours in reaction to earnings/guidance: ZS -5.3%, WDAY -3.2%, CRM -1.8%

Companies trading lower in after hours in reaction to news: RVNC -10.4% (proposes underwritten public offering of its common stock), RLMD -8.7% (to offer and sell shares of common stock in an underwritten public offering pursuant to its existing shelf registration statement), IMMU -7.4% (commences public offering of $250 mln of shares of common stock), ADMS -6.6% (entered into $50 mln common stock sales agreement with Cowen and files mixed securities shelf offering), DT -3.8% (files for 27.5 mln share common stock offering by holders), MDRX -2% (commences private offering of $200 mln convertible senior notes due 2027)