>>> Europe : Brokers Upgrades & Downgrades - 16th of October 2023 V2(+)

>>> Up
* Check Point Software Raised to Equal-Weight at Morgan Stanley
* Colgate-Palmolive Raised to Buy at Stifel; PT $81
* Dorian LPG Raised to Buy at Pareto Securities; PT $35
* MTU Aero Raised to Buy at Hauck & Aufhaeuser; PT 196 euros (+)
* Pennon Raised to Buy at Jefferies; PT 850 pence
* Pfizer Raised to Buy at Jefferies; PT $39
* Ponsse Raised to Reduce at Inderes; PT 27.50 euros
* Proximus Raised to Hold at SocGen; PT 8 euros (+)
* Rathbones Group Raised to Buy at Investec; PT 2,130 pence
* Salzgitter Raised to Neutral at JPMorgan; PT 27.60 euros
* SSAB Raised to Overweight at JPMorgan; PT 66 kronor
* Synthomer Raised to Buy at Peel Hunt; PT 350 pence
* UBS Raised to Outperform at RBC; PT 30 Swiss francs
* United Utilities Raised to Buy at Jefferies; PT 1,200 pence

>>> Down
* Bergen Carbon Solutions Cut to Hold at Fearnley; PT 12 kroner (+)
* BioNTech ADRs Cut to Hold at HSBC; PT $111 (+)
* Ceres Power Cut to Sell at Bryan Garnier; PT 200 pence (+)
* ITM Power Cut to Sell at Bryan Garnier; PT 55 pence (+)
* Kesko Cut to Hold at DNB Markets; PT 17 euros (+)
* Lhyfe SAS Cut to Sell at Bryan Garnier; PT 3.90 euros (+)
* Nel Cut to Sell at Bryan Garnier; PT 6.90 kroner (+)
* Ocado Cut to Underweight at Barclays
* Osai Automation System Cut to Accumulate at Banca Akros (+)
* Re:NewCell Cut to Hold at Pareto Securities; PT 15 kronor
* Sartorius Cut to Sell at SocGen; PT 267 euros (+)
* Sartorius Stedim Biotech Cut to Sell at SocGen; PT 175 euros (+)

>>> Initiation
* Capsol Technologies Rated New Buy at Fearnley; PT 20 kroner (+)
* Alleima Rated New Hold at Pareto Securities; PT 65 kronor
* Comer Industries Rated New Buy at Alantra Equities; PT 45 euros (+)
* DiscoverIE Rated New Buy at HSBC; PT 880 pence
* SSAB Rated New Sell at Pareto Securities; PT 56 kronor
* Vivoryon Therapeutics NV Rated New Buy at Jefferies

>>> Call
* Morgan Stanley’s Wilson Says Breadth of Earnings Revisions Drops (+)
* Ocado Downgraded at Barclays on Medium-Term Guidance Risk (+)
* RBC’s Calvasina Says Stock Reactions Show Good Start to Earnings (+)
* Synthomer Raised at Peel Hunt, a Risky Opportunity Into Recovery (+)
* UBS Raised at RBC on Better Long-Term Value Creation Visibility (+)
* UK Water Stocks Raised at Jefferies on Impressive Growth Scope
* Vivoryon Initiated Buy at Jefferies on Therapy Trial Potential (+)