>>> Europe : Brokers Upgrades & Downgrades - 11th of January 2024

>>> Up
* Amazon PT Raised to $185 from $175 at Morgan Stanley
* Antofagasta Raised to Outperform at RBC; PT 1,800 pence
* Belships Raised to Buy at Pareto Securities; PT 23 kroner
* Hermes Raised to Neutral at Goldman; PT 2,060 euros
* J D Wetherspoon Raised to Hold at Numis; PT 750 pence
* Juniper Raised to Equal-Weight at Morgan Stanley; PT $40
* Mercialys Raised to Buy at Jefferies; PT 11.50 euros
* Merlin Properties Cut to Hold at Jefferies; PT 10.30 euros
* Segro Raised to Buy at Kepler Cheuvreux; PT 970 pence
* SGS Raised to Buy at SocGen; PT 86 Swiss francs
* Zegna Group Raised to Buy at Goldman; PT $18.70

>>> Down
* Albemarle Cut to Hold at Deutsche Bank
* Aspocomp Group Cut to Reduce at Inderes; PT 3.50 euros
* Barratt Cut to Hold at Liberum; PT 550 pence
* Berkeley Cut to Hold at Liberum; PT 4,800 pence
* Crest Nicholson Cut to Hold at Liberum; PT 230 pence
* Juniper Cut to Hold at Jefferies; PT $40
* LEG Immobilien Cut to Hold at Jefferies; PT 80 euros
* Lyft Cut to Neutral at Goldman; PT $15
* Nordea Bank Cut to Underweight at JPMorgan
* Redrow Cut to Hold at Liberum; PT 620 pence
* Spirax Cut to Reduce at HSBC; PT 8,400 pence
* Swatch Cut to Neutral at Goldman; PT 260 Swiss francs
* Titanium Cut to Reduce at Inderes; PT 17 euros
* Verbio Vereinigte Bioenergie AG Cut to Sell at Deutsche Bank

>>> Initiation
* British Land Rated New Buy at Berenberg; PT 469 pence
* Land Sec. Rated New Buy at Berenberg; PT 807 pence
* Teleperformance Reinstated Outperform at BNPP Exane

>>> Call
* Amazon PT, Estimates Raised at Morgan Stanley on Prime Video Ads
* Antofagasta Upgraded at RBC on Rapid Tightening of Copper Supply
* Land Securities, British Land Get Buy Ratings at Berenberg
* Mercialys Raised, LEG Immo and Merlin Downgraded at Jefferies