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

>>> Up
* Grenke Raised to Outperform at Oddo BHF; PT 27.30 euros
* Hugo Boss Raised to Buy at Baader Helvea; PT 74 euros
* Marks & Spencer Raised to Outperform at RBC; PT 300 pence
* Verbund Raised to Hold at SocGen; PT 64.60 euros

>>> Down
* Atlantic Sapphire ASA Cut to Sell at SpareBank; PT 0.65 kroner
* HelloFresh Cut to Hold at Jefferies; PT 7.50 euros
* Hyatt Cut to Equal-Weight at Morgan Stanley; PT $156
* Munich Re Cut to Market Perform at KBW; PT 435 euros
* Petrobras ADRs Cut to Equal-Weight at Morgan Stanley; PT $18
* Trelleborg Cut to Equal-Weight at Barclays; PT 376 kronor
* Virgin Money Cut to Neutral at Citi; PT 220 pence

>>> Initiation
* Brunello Cucinelli Rated New Hold at Stifel; PT 115 euros
* Disney Rated New Buy at CMB International; PT $142
* Telefonica Deutschland Reinstated Hold at HSBC; PT 2.35 euros

>>> Call
* Magnificent 7 Far From Peak Valuation, JPMorgan Strategists Say
* Morgan Stanley’s Wilson Says Stock Rally Needs Earnings Boost
* Marks & Spencer Shares Pricing No Growth, Upgraded at RBC