>>> Europe : Brokers Upgrades & Downgrades - 10th of March 2023 V2(+)

>>> Up
* Eurobank Raised to Buy at Citi; PT 1.60 euros
* Lindab Raised to Buy at Nordea; PT 216 kronor (+)
* Systemair Raised to Buy at DNB Markets; PT 98 kronor

>>> Down
* Admiral Cut to Hold at Deutsche Bank; PT 2,150 pence (+)
* Hugo Boss Cut to Hold at Deutsche Bank; PT 68 euros (+)
* Kion Cut to Equal-Weight at Morgan Stanley; PT 38 euros
* Legrand Cut to Neutral at JPMorgan; PT 93 euros
* Schroders Cut to Neutral at Credit Suisse; PT 470 pence
* Segro Cut to Equal-Weight at Barclays; PT 800 pence
* VAT Cut to Sector Perform at RBC; PT 280 Swiss francs
* Yara Cut to Hold at ABG; PT 500 kroner

>>> Initiation
* Demant Resumed Hold at Nordea
* Kosmos Energy Rated New Add at Peel Hunt; PT $8.94
* Protector Forsikring Rated New Buy at DNB Markets; PT 190 kroner
* Savosolar Rated New Sell at Inderes; PT 0.68 kronor
* Watches of Switzerland Rated New Buy at Peel Hunt

>>> Call
* Admiral Cut at Deutsche Bank on Tougher 2023 Earnings Outlook (+)
* Hugo Boss Cut to Hold as Deutsche Bank Sees Limited Upside (+)
* Kion Cut at Morgan Stanley on Uncertain Price-Volume Picture
* Leonardo Posts FY Beat, Fundamentally Undervalued, Citi Says
* Schroders Cut at Credit Suisse on Flow and Cost Challenges
* Segro Cut, Eurobox Raised as Barclays Tweaks Warehouse Ratings (+)
* RBC Cuts VAT to Sector Perform as it Sees Revenue Drop Ahead (+)
* Watches of Switzerland ‘Good Value,’ Peel Hunt Starts at Buy