>>> Europe : Brokers Upgrades & Downgrades - 16th of June 2023

>>> Up
* Airbus Reinstated Sector Perform at RBC; PT 140 euros
* Colruyt Raised to Neutral at Oddo BHF; PT 31 euros
* Handelsbanken Raised to Overweight at Barclays; PT 115 kronor
* Lundbeck Raised to Buy at Handelsbanken
* MorphoSys Raised to Overweight at JPMorgan; PT 36 euros
* MorphoSys ADRs Raised to Overweight at JPMorgan; PT $10
* SEB Raised to Equal-Weight at Barclays; PT 118 kronor

>>> Down
* Endesa Cut to Equal-Weight at Barclays; PT 21.50 euros
* Nobia Cut to Hold at Handelsbanken
* Rejlers Cut to Hold at Handelsbanken
* SoftwareONE Cut to Reduce at Baader Helvea
* Stora Enso Cut to Hold at DNB Markets; PT 13 euros

>>> Initiation
* ADP Reinstated Neutral at Mediobanca SpA; PT 143 euros
* DSV Rated New Hold at Handelsbanken
* Elastic Reinstated Neutral at DA Davidson; PT $60
* Maersk Rated New Sell at Handelsbanken

>>> Call
* Airbus Upside Risk Limited By Supply Chain Stresses, RBC Says
* GOLDMAN SACHS LIFTS EUROPEAN RETAILERS TO OVERWEIGHT FROM UW