>>> Europe : Brokers Upgrade & Downgrades - 28th of March 2023

>>> Up
* Carnival Raised to Equal-Weight at Wells Fargo; PT $9
* Novartis Raised to Hold at Deutsche Bank; PT 80 Swiss francs
* VAT Group Raised to Buy at Berenberg With Re-Rating Seen Ahead
* Verbund Raised to Outperform at Oddo BHF; PT 100 euros
* Zalando Raised to Buy at HSBC; PT 45 euros

>>> Down
* Antin Cut to Neutral at JPMorgan; PT 19.30 euros
* Orsted Cut to Underperform at Oddo BHF; PT 580 kroner
* Peach Property Cut to Reduce at Baader Helvea

>>> Initiation
* Blink Charging Rated New Equal-Weight at Barclays; PT $11
* Nordex Reinstated Neutral at Exane; PT 13 euros

>>> Call
* Boohoo Can Grow Despite Shein Competition, Peel Raises to Buy
* Demant Expectations Now Rebased, Morgan Stanley Upgrades
* Nestle’s 2023 Path Improving, Citi Opens Positive Catalyst Watch