>>> Europe : Brokers Upgrades & Downgrades - 12th of December 2023

>>> Up
* Aalberts Raised to Overweight at Morgan Stanley
* HP Inc Raised to Overweight at Morgan Stanley; PT $35
* Kojamo Raised to Neutral at JPMorgan; PT 12 euros
* Lundin Mining Raised to Neutral at JPMorgan; PT C$8.90
* Martin Marietta Raised to Overweight at JPMorgan; PT $530
* PVH Raised to Buy at Goldman; PT $126
* Ralph Lauren Raised to Neutral at Goldman; PT $132
* Robit Raised to Accumulate at Inderes; PT 1.50 euros
* Saab Raised to Buy at Citi; PT 643 kronor
* Signify Raised to Overweight at Morgan Stanley
* Sonos Raised to Overweight at Morgan Stanley; PT $20

>>> Down
* Endesa Cut to Hold at SocGen; PT 21 euros
* Fluidra Cut to Neutral at Citi; PT 19.50 euros
* GoPro Cut to Underweight at Morgan Stanley; PT $3
* Harvia Cut to Reduce at Inderes; PT 25 euros
* Legrand Cut to Equal-Weight at Morgan Stanley
* Rockwool Cut to Sell at Goldman; PT 1,710 kroner
* Sandvik Cut to Equal-Weight at Morgan Stanley
* VGP Cut to Underweight at JPMorgan; PT 85 euros
* Wartsila Cut to Underweight at Morgan Stanley

>>> Initiation
* 3i Infra Rated New Overweight at Barclays; PT 385 pence
* Alcon Reinstated Buy at Stifel; PT 74.80 Swiss francs
* Bausch + Lomb Rated New Hold at Stifel; PT C$21.72
* Boeing Rated New Outperform at William Blair
* Brunello Cucinelli Rated New Outperform at CICC; PT 90 euros
* CORD LN Rated New Overweight at Barclays; PT 112 pence
* Digital 9 Infrastructure/Fund Rated New Equal-Weight at Barclays
* Electronic Arts Rated New Peerperform at Wolfe
* GCP Infra Rated New Underweight at Barclays; PT 70 pence
* Hicl Infrastructure Rated New Equal-Weight at Barclays
* Intl Public Partnerships Rated New Equal-Weight at Barclays
* Sandoz Group Rated New Buy at AlphaValue/Baader
* SCA Rated New Neutral at Citi; PT 160 kronor
* Sequoia Economic Rated New Overweight at Barclays; PT 95 pence
* Solvay Resumed Equal-Weight at Morgan Stanley; PT 25 euros
* Syensqo Rated New Equal-Weight at Morgan Stanley; PT 90 euros
* Syensqo Rated New Buy at Berenberg; PT 117 euros
* Take-Two Rated New Outperform at Wolfe
* Tapestry Resumed Equal-Weight at Morgan Stanley; PT $38

>>> Call
* Capital Goods to See Normality Return in 2024: Morgan Stanley
* Citi’s Manthey Sees European Stocks at Record Amid Peaking Rates
* Fluidra Cut at Citi as Sales Return to Pre-Pandemic Dynamics
* Goldman Says ‘Buy the Dip’ If Stocks Drop on Repricing Fed Cuts
* Morgan Stanley’s Wilson Sees Drop in Near-Term Profit Views
* RBC’s Calvasina Says US Growth Stocks Overvalued, Due for Pause
* Syensqo New Buy at Berenberg, Equal-Weight at Morgan Stanley