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

>>> Up
* Air France-KLM Raised to Neutral at Davy
* Rational Raised to Neutral at Exane
* Wizz Air Raised to Outperform at Davy

>>> Down
* Arjo Cut to Hold at SEB Equities; PT 45 kronor
* Atlas Copco Cut to Hold at Nordea
* Bouygues Cut to Underweight at Morgan Stanley; PT 30 euros
* Cembre Cut to Neutral at Banca Akros (+)
* Crayon Cut to Hold at Arctic Securities; PT 160 kroner (+)
* EDP Cut to Hold at Deutsche Bank; PT 5.10 euros
* Hugo Boss Cut to Underperform at BofA; PT 50 euros (+)
* Keywords Studios Cut to Hold at HSBC; PT 2,750 pence
* Logitech Cut to Hold at Deutsche Bank; PT 54 Swiss francs (+)
* NN Cut to Hold at HSBC; PT 46 euros
* Partners Group Cut to Neutral at Citi; PT 910 Swiss francs (+)
* Paragon Cut to Underperform at KBW; PT 540 pence
* Pennon Cut to Sell at Deutsche Bank; PT 870 pence
* Salmar Cut to Hold at SpareBank; PT 420 kroner
* Speedy Hire Cut to Hold at Finncap; PT 47 pence (+)
* Stabilus Cut to Hold at Stifel; PT 70 euros
* va-Q-tec Cut to Hold at Stifel; PT 26 euros

>>> Initiation
* Bank of Ireland Resumed Buy at Citi; PT 10.60 euros
* Credit Suisse Reinstated Hold at Deutsche Bank (+)
* Eqtec Rated New Buy at Panmure Gordon; PT 1.40 pence
* Eviso Rated New Buy at TP ICAP Midcap; PT 3.60 euros (+)
* Inchcape Resumed Overweight at JPMorgan; PT 1,300 pence (+)
* Intl Petroleum Reinstated Buy at Stifel Canada; PT 163.76 kronor
* Metso Outotec Reinstated Buy at Nordea; PT 12.80 euros (+)
* Odfjell Technology Rated New Buy at SpareBank; PT 60 kroner (+)
* Pendragon Resumed Buy at Berenberg; PT 35 pence
* Pendragon Rated Buy at Berenberg on Profit Opportunity (+)
* Swissquote Rated New Outperform at Credit Suisse
* Vontobel Rated New Underperform at Credit Suisse

>>> Call
* Bouygues Cut to Underweight as MS Sees Poor Cash Flow Prospects (+)
* Citi Positive on Irish Lenders, Resumes Bank of Ireland With Buy
* Inficon Reports Record Quarter Thanks to Solid Demand: Vontobel (+)
* Partners Group AUM Slowdown Is a ‘Clear Negative,’ Says Vontobel (+)
* Paragon Downgraded at KBW on Exposure to Buy-to-Let Mortgages (+)
* RBC Sees ‘Significant’ EPS Cuts Looming for US Homebuilders (+)
* Swissquote New Outperform at CS, Vontobel Started Underperform