>>> Europe : Brokers Upgrades & Downgrades - 14th of April 2023

>>> Up
* Cint Raised to Buy at SEB Equities; PT 22 kronor
* EPIROC RAISED TO OUTPERFORM FROM NEUTRAL AT CREDIT SUISSE
* Mosaic Raised to Equal-Weight at Barclays; PT $54

>>> Down
* B&S Group Cut to Neutral at Oddo BHF; PT 5 euros
* DSV Cut to Underperform at Exane; PT 1,030 kroner
* Entra Raised to Buy at ABG; PT 125 kroner
* Kuehne + Nagel Cut to Underperform at Exane; PT 220 Swiss francs
* Saab Cut to Hold at SEB Equities; PT 650 kronor
* SANDVIK DOWNGRADED TO NEUTRAL FROM OUTPERFORM AT CREDIT SUISSE

>>> Initiation
* Alstom Cut to Hold at Deutsche Bank; PT 30 euros
* Funding Circle Rated New Buy at Investec; PT 125 pence
* Seacrest Petroleo Bermuda Rated New Buy at ABG; PT 23 kroner

>>> Call
* Defensive Industrials' High Valuations Curb Relative Returns
* Epiroc Raised, Sandvik Cut in Mining-Equipment Reshuffle at CS
* Julius Baer to Benefit as UBS Integrates Credit Suisse: Barclays
* Schibsted Downgraded as MS Struggles to See Short-Term Catalysts
* Whitbread Up to Buy, PT Hiked at Peel Hunt on Strong Momentum