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

>>> Up
* Bayer Raised to Hold at HSBC; PT 43 euros
* BioPharma Credit Raised to Buy at Stifel (+)
* Chr. Hansen Raised to Buy at DNB Markets; PT 536 kroner
* Eiffage Raised to Buy at Jefferies; PT 115 euros
* Novozymes Raised to Buy at DNB Markets; PT 350 kroner
* Pagegroup's MSCI ESG Rating Raised to A from BBB
* Sacyr Raised to Buy at Alantra Equities; PT 3.60 euros (+)
* SSAB Raised to Overweight at Barclays; PT 85 kronor
* Swedbank Raised to Buy at Deutsche Bank; PT 260 kronor
* Tele2 Raised to Buy at Redburn; PT 96 kronor (+)
* Viaplay Raised to Hold at DNB Markets; PT 30 kronor
* Wolters Kluwer PT Raised to 142 euros at Morgan Stanley

>>> Down
* Croda Cut to Hold at HSBC; PT 5,000 pence
* EuroAPI Cut to Neutral at Oddo BHF; PT 11.80 euros (+)
* Euronav Cut to Hold at Stifel; PT 17.49 euros
* Euronav Cut to Neutral at Citi; PT 17.56 euros
* Fluidra Cut to Underperform at BNPP Exane; PT 15 euros
* Outokumpu Cut to Equal-Weight at Barclays; PT 4.30 euros
* Starwood Property Cut to Market Perform at KBW; PT $20
* Telenor Cut to Sell at DNB Markets; PT 110 kroner
* Tesla PT Cut to $250 from $265 at Jefferies
* Vitesco Cut to Hold at HSBC; PT 93 euros
* Vitesco Cut to Hold at M.M. Warburg; PT 91 euros (+)
* YIT Cut to Sell at Inderes; PT 1.60 euros

>>> Initiation
* ARM Holdings PLC ADRs Rated New Buy at Daiwa; PT $63
* ARM Holdings PLC ADRs Rated New Outperform at Oddo BHF; PT $70
* ARM Holdings PLC ADRs Rated New Buy at BofA; PT $65(Earlier)
* AutoZone Rated New Outperform at Cowen; PT $2,975
* Frontier Developments Reinstated Under Review at Liberum
* H&M Rated New Accumulate at Inderes; PT 165 kronor (+)
* Maersk Reinstated Equal-Weight at Morgan Stanley
* Sandoz Group Rated New Buy at Redburn; PT 47 Swiss francs (+)
* Schlumberger Rated New Buy at SocGen on Decades of Growth
* Sensirion Rated New Market Perform at ZKB (+)
* Severn Trent Reinstated Outperform at BNPP Exane; PT 2,725 pence
* SKF Reinstated Underweight at Barclays; PT 162 kronor
* Trelleborg Rated New Overweight at Barclays; PT 324 kronor
* Vinfast Auto Ltd Rated New Buy at Chardan Capital Markets

>>> Call
*Citi’s Montagu Says US Futures Positioning Is Moderately Bearish (+)
* Eiffage Raised to Buy at Jefferies, Cautious on Fraport, Skanska
* EuroAPI Estimates Slashed at Morgan Stanley Following Warning
* Fluidra Cut as BNPP Exane Questions if Earnings Yet at Trough (+)
* Maersk Equal-Weight, Net Cash Protects Downside: Morgan Stanley