>>> Europe : Brokers Upgrades & Downgrades - 13th of December 2023 V2(+)

>>> Up
* Atlantic Sapphire ASA Raised to Hold at SpareBank
* CGG Raised to Outperform at Oddo BHF; PT 90 euro cents
* Paragon Raised to Outperform at RBC; PT 850 pence
* Porsche AG Raised to Buy at HSBC; PT 100 euros
* TotalEnergies Raised to Outperform at BNPP Exane; PT 75 euros
* VW Raised to Neutral at BNPP Exane
* Wavestone Raised to Buy at IDMidcaps; PT 55 euros (+)
* Wolters Kluwer Raised to Overweight at JPMorgan; PT 145 euros

>>> Down
* Adevinta Cut to Equal-Weight at Barclays; PT 115 kroner
* Anglo American Cut to Hold at HSBC; PT 1,800 pence
* Aixtron Cut to Hold at M.M. Warburg; PT 36.50 euros (+)
* Ferrari Cut to Hold at HSBC
* Ferrari Cut to Neutral at BNPP Exane
* Ford Cut to Neutral at BNPP Exane
* Hemnet Cut to Hold at Pareto Securities; PT 230 kronor
* Inditex Cut to Sell at Alantra Equities; PT 39.50 euros (+)
* LVMH Cut to Neutral at JPMorgan; PT 790 euros
* Mercedes Cut to Underperform at BNPP Exane
* Repsol Cut to Neutral at BNPP Exane; PT 15 euros
* Shell Cut to Neutral at BNPP Exane
* Viaplay Cut to Sell at DNB Markets; PT 5.30 kronor (+)
* WPP Cut to Neutral at JPMorgan; PT 850 pence

>>> Initiation
* Better Collective Rated New Buy at Jefferies; PT 340 kronor
* Cibus Nordic Real Estate Rated New Sell at ABG; PT 125 kronor (+)
* Exclusive Networks Rated New Underperform at Oddo BHF
* Gigante Salmon Rated New Buy at SpareBank; PT 16 kroner
* Grifols Rated New Buy at SocGen
* Siegfried Rated New Buy at SocGen; PT 966 Swiss francs
* Syensqo Rated New Buy at Deutsche Bank; PT 115 euros
* VAT Rated New Buy at William O'Neil (+)
* Visteon Cut to Neutral at BNPP Exane; PT $130 (+)

>>> Call
* Goldman, Citi Bet Rate Cuts Will Fuel Equity Rally: Taking Stock (+)
* JPMorgan Sees a Regional Bank Stock Rally as Investor Angst Ebbs
* Inditex Update Points to More Consensus Upgrades: Jefferies (+)
* Porsche Raised to Buy at HSBC as Pricing Worries Appear Overdone (+)