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

>>> Up
* Bechtle Raised to Buy at Hauck & Aufhaeuser; PT 54 euros
* Europris Raised to Buy at SEB Equities; PT 78 kroner
* Quilter Raised to Neutral at JPMorgan; PT 90 pence
* Siemens Raised to Buy at Berenberg; PT 170 euros

>>> Down
* Braemar Hotels Cut to Neutral at B Riley; PT $3.50
* Mosaic Cut to Underweight at Barclays; PT $40
* Novartis Cut to Market Perform at ZKB
* Oncopeptides Cut to Hold at DNB Markets; PT 8.50 kronor
* Schweiter Cut to Market Perform at ZKB

>>> Initiation
* Volvo Reinstated Equal-Weight at Morgan Stanley; PT 210 kronor


>>> Call
* Gerresheimer Gets Another Buy as Jefferies Sees Strong Growth
* JPMorgan Stock Strategists Underweight Euro-Area, Prefer Japan
* RBC Strategist Sees US Stock Market at Risk of a Pullback