>>> Europe : Brokers Upgrades & Downgrades - 16th of September 2024

>>> Up
* Forterra Raised to Buy at Redburn; PT 215 pence
* Generali Raised to Buy at Jefferies; PT 28.50 euros
* Icade Raised to Buy at Citi; PT 40.50 euros
* Ipsen Raised to Outperform at RBC; PT 140 euros
* Marks & Spencer PT Raised to 400 pence from 350 pence at RBC
* Netum Group Raised to Accumulate at Inderes; PT 3.20 euros
* Standard Chartered Raised to Outperform at CICC; PT 963.81 pence
* Unipol Raised to Outperform at Mediobanca SpA; PT 14 euros

>>> Down
* Millicom GDRs Cut to Equal-Weight at Morgan Stanley
* MTU Aero Cut to Sell at Citi; PT 250 euros
* Nestle ADRs Cut to Underweight at Morgan Stanley; PT $99
* Sandoz Group Cut to Sector Perform at RBC; PT 40 Swiss francs

>>> Initiation
* ARM Rated New Outperform at Raymond James on Growth View
* Croda Rated New Buy at Redburn; PT 5,150 pence
* TI Fluid Rated New Buy at Investec; PT 240 pence

>>> Call
* Generali’s Risk Profile Transforming, Raised to Buy at Jefferies
* Icade Double-Upgraded at Citi, Has Asymmetrical Upside Risk
* Ipsen Raised to Outperform at RBC on Higher Iqirvo Estimates
* MTU Aero Faces Lower Growth Ahead, Downgraded to Sell at Citi
* Nestle’s Growth May Lag, Cut to Underweight at Morgan Stanley