Upgrades and Downgrades for Monday, 1/20

Upgrades

  • Luxottica (LUX) upgraded by Deutsche Bank from Hold to Buy
  • Nobel Biocare (NBHGY) upgraded by Citigroup from Neutral to Buy
  • K+S (KPLUF) upgraded by Nomura from Reduce to Neutral
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Downgrades 

  • Allianz SE (AZSEY) downgraded by Societe Generale from Hold to Sell
  • Air France-KLM (AFLYY) downgraded by UBS from Buy to Neutral
  • Burberry (BURBY) downgraded by Credit Suisse from Outperform to Neutral
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