>>> Europe : Brokers Upgrades & Downgrades - 15th of August 2023

>>> Up
* Beiersdorf Raised to Outperform at Bernstein
* L'Oreal Raised to Outperform at Bernstein
* Lindt & Spruengli Raised to Outperform at Bernstein
* Pexip Raised to Buy at ABG; PT 26 kroner
* Taaleri Raised to Accumulate at Inderes; PT 11 euros

>>> Down
* Danone Cut to Underperform at Bernstein
* Euronav Rated New Overweight at JPMorgan; PT 19.50 euros
* Henkel Cut to Underperform at Bernstein
* SpareBank 1 SMN Cut to Hold at SEB Equities; PT 150 kroner
* SR-Bank Cut to Hold at SEB Equities; PT 135 kroner

>>> Initiation
* HUTCHMED China Rated New Buy at Sealand Securities
* Thyssenkrupp Nucera Rated New Buy at Citi; PT 30 euros

>>> Call