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

>>> Up
* Addtech Raised to Buy at ABG; PT 205 kronor
* Chevron Raised to Outperform at BNPP Exane; PT $190
* Clorox Raised to Market Perform at Bernstein
* Ferrovial Raised to Buy at Citi; PT 34 euros
* First Quantum Minerals Raised to Equal-Weight at Morgan Stanley
* First Solar Raised to Overweight at Barclays; PT $224
* Kimberly-Clark Raised to Market Perform at Bernstein
* NYAB Oyj Raised to Reduce at Inderes; PT 55 euro cents
* Schroder Japan Trust Raised to Overweight at JPMorgan
* Springfield Properties Raised to Add at Peel Hunt
* XXL Raised to Buy at DNB Markets; PT 1.30 kroner

>>> Down
* Asos Cut to Sell at Goldman
* Boohoo Cut to Sell at Goldman
* Fondia Cut to Reduce at Inderes; PT 7.50 euros
* Foot Locker Cut to Sell at CFRA; PT $15
* Genmab Cut to Hold at Nordea
* Helvetia Cut to Sell at Berenberg; PT 105 Swiss francs
* Johnson Matthey Cut to Hold at Berenberg; PT 1,650 pence

>>> Initiation
* Gerresheimer Rated New Buy at DBS Bank; PT 120 euros
* Mandatum Rated New Buy at Inderes; PT 4.20 euros
* Marriott Vacations Reinstated Neutral at JPMorgan; PT $105
* Reply Rated New Buy at SocGen; PT 105 euros
* SwedenCare Cut to Hold at SEB Equities; PT 39 kronor
* TF Bank Rated New Buy at DNB Markets; PT 196 kronor

>>> Call
* Carlsberg, Heineken Put on Positive Catalyst Watches at Citi
* Ferrovial Set for Good Traffic Growth, Raised to Buy at Citi
* Helvetia Cut at Berenberg on Weakening Underwriting Margins
* Johnson Matthey ‘No Longer Compelling,’ Cut to Hold at Berenberg