>>> Europe : Brokers Upgrades & Downgrades - 15th of April 2024 V2(+)

>>> Up

* Adidas Raised to Overweight at Morgan Stanley; PT 235 euros

* BASF Raised to Buy at Kepler Cheuvreux (+)

* BRF ADRs Raised to Overweight at JPMorgan

* Eiffage Raised to Buy at Stifel; PT 125 euros

* Elia Group Raised to Neutral at Oddo BHF; PT 103 euros

* ISS Raised to Buy at Goldman; PT 160 kroner

* Klepierre Raised to Buy at Jefferies; PT 28 euros

* Leonardo PT Raised to 28.60 euros from 16.80 euros at Citi

* SSP Raised to Buy at Stifel; PT 265 pence

* XXL Raised to Hold at Pareto Securities; PT 0.80 kroner (+)

>>> Down

* Air Liquide Cut to Reduce at Kepler Cheuvreux (+)

* Bakkafrost Cut to Neutral at SpareBank; PT 680 kroner

* BASF Cut to Underperform at BNPP Exane; PT 44 euros

* Beijer REF Cut to Hold at ABG; PT 165 kronor

* Elior Cut to Add at AlphaValue/Baader

* Ferrovial Cut to Hold at Stifel; PT 36.50 euros

* Ferrovial Cut to Underweight at JB Capital Markets

* Haypp Group Cut to Hold at Carnegie; PT 82 kronor (+)

* Hochtief Cut to Hold at Stifel; PT 107 eurosok

* Logitech Cut to Underweight at Morgan Stanley
* Merck KGaA Cut to Add at AlphaValue/Baader

* Peab Cut to Sell at DNB Markets; PT 58 kronor (+)

* Solvay Cut to Hold at Deutsche Bank; PT 31 euros (+)

* Troax Cut to Hold at Nordea

* Wulff-Group Cut to Reduce at Inderes; PT 2.80 euros

>>> Initiation

* Avanza Rated New Neutral at BNPP Exane; PT 240 kronor (+)

* Coty Rated New Buy at Canaccord; PT $14

* Hella Resumed Hold at Deutsche Bank (+)

* Hensoldt Resumed Hold at Deutsche Bank; PT 41 euros (+)

* Hilton Grand Vacations Rated New Overweight at JPMorgan; PT $59

* Las Vegas Sands Rated New Buy at Seaport Global Securities

* MGM Resorts Rated New Buy at Seaport Global Securities; PT $56

* Nordnet Rated New Underperform at BNPP Exane; PT 160 kronor (+)
* Reddit Rated New Buy at Roth MKM; PT $50

* Reddit Rated New Equal-Weight at Morgan Stanley; PT $45

* Saipem Rated New Outperform at RBC; PT 3 euros

* Stif Rated New Buy at Euroland Corporate; PT 14.90 euros (+)

* Unity Software Rated New Buy at SPDB Intl HK; PT $31

* Wynn Resorts Rated New Neutral at Seaport Global Securities

>>> Call

* Adidas Double-Upgraded at Morgan Stanley as Sentiment Improves

* JPMorgan Strategists Say 1Q Earnings Beats May Not Be Rewarded (+)
* Lilly, Novo Euphoria Risks Disappointing Investors, Goldman Says

* Leonardo PT Boosted to Street-High at Citi as Growth Accelerates (+)

* Logitech Cut to Underweight at Morgan Stanley on Slower Growth

* Saipem New Outperform at RBC on Support From Strong Backlog

* SocGen Reiterates Call to Long S&P 500 and Avoid Russell 2000