>>> Europe : Brokers Upgrades & Downgrades - 14th of Novembre 2022 V2(+)

>>> Up
* Chevron PT Raised to $211 from $189 at Argus
* Hill & Smith Raised to Buy at Investec; PT 1,300 pence (+)
* Informa PT Raised by MS as Events Demand Drives Guidance Raise (+)
* Technip Energies Raised to Outperform at Exane (+)
* Vopak Raised to Outperform at Oddo BHF; PT 34 euros (+)

>>> Down
* Azimut Cut to Hold at HSBC; PT 22 euros
* Belships Cut to Hold at Norne Securities; PT 17 kroner (+)
* CA Immo Cut to Sell at Wood & Company; PT 22 euros (+)
* Close Brothers Cut to Sell at Investec; PT 1,025 pence (+)
* Elior Group Cut to Underweight at Barclays; PT 2 euros (+)
* Genmab Cut to Hold at Deutsche Bank
* Grieg Seafood Cut to Hold at Fearnley; PT 76 kroner (+)
* MorphoSys Cut to Sell at Citi; PT 16 euros (+)
* Teva ADRs Cut to Underweight at JPMorgan; PT $10
* TP ICAP Cut to Neutral at Redburn (+)

>>> Initiation
* Allfunds Rated New Neutral at Redburn (+)
* Dolphin Drilling Rated New Buy at Pareto Securities (+)
* iEnergizer Rated New Buy at Canaccord; PT 675 pence (+)
* Vitec Software Group Reinstated Hold at ABG; PT 350 kronor

>>> Call
* Alfen Raised at Berenberg, ‘Big Winners’ on Energy Transition
* Atlas Copco Raised at Citi on Decarbonization Boost, Resilience
* Barry Callebaut Downgraded at Stifel on Outsourcing Concerns (+)
* Cake Box Had Tough 1H, But Outlook Has Improved: Liberum (+)
* Close Brothers Cut at Investec, Shares ‘a Little Too Expensive’ (+)
* Credit Suisse Risks Remain High, Jefferies Lowers Target Price
* iEnergizer Rated New Buy at Canaccord; PT 675 pence (+)
* LEG Immobilien Downgraded at Goldman on Limited Growth Potential
* Morgan Stanley’s Wilson Says 2023 Profit Estimates Are Too High
* Orsted Downgraded at Goldman on Higher Funding Cost Concerns
* Prysmian Cut to Neutral as Citi Sees Normalization in 2023
* Redrow Downgraded at Citi With Risk/Reward Now More Balanced
* Roche Alzheimer’s Phase 3 Trial Failure ‘Unequivocal,’ CS Says (+)
* Technip Energies Raised at Exane BNP as Weakness ‘Unjustified’ (+)
* VAT Returned to Hold at Berenberg Following Steep Share Gains