>>> Europe : Brokers & Downgrades - 23rd of May 2022

>>> Up
* BEWi Raised to Buy at Pareto Securities; PT 83 kroner
* Calida Raised to Buy at Research Partners; PT 65 Swiss francs
* Deutsche Bank Raised to Outperform at KBW; PT 14.80 euros
* DSV Raised to Buy at HSBC; PT 1,500 kroner
* Gjensidige Raised to Buy at HSBC; PT 230 kroner
* Kuehne + Nagel Raised to Buy at HSBC; PT 320 Swiss francs
* Shaftesbury Raised to Add at Numis; PT 640 pence
* Tryg Raised to Buy at HSBC; PT 185 kroner

>>> Down
* Capricorn Energy Cut to Neutral at JPMorgan; PT 243 pence
* Eli Lilly Reinstated Outperform at SVB; PT $341
* Equinor Cut to Hold at SocGen
* Hunting Cut to Neutral at JPMorgan; PT 310 pence
* Intertek Cut to Hold at Stifel; PT 5,500 pence
* Lululemon Cut to Neutral at KGI Securities; PT $271
* Nike Cut to Neutral at KGI Securities; PT $106
* Publicis Cut to Underweight at Morgan Stanley; PT 48 euros
* Sanofi Reinstated Outperform at SVB; PT 121 euros
* WPP Cut to Underweight at Morgan Stanley; PT 850 pence

>>> Initiation
* Gilead Reinstated Market Perform at SVB; PT $68

>>> Call
* Deutsche Bank Up to Outperform on Cheap Valuation, KBW Says
* WPP, Publicis Cut at Morgan Stanley as Global Slowdown to Bite