>>> Europe : Brokers Upgrades & Downgrades - 17th of January 2024 V2(+)

>>> Up
* Allianz Raised to Buy at SocGen; PT 275 euros
* Basic-Fit Raised to Buy at Jefferies; PT 33 euros
* IAG Raised to Buy at Goldman; PT 238 pence
* CNH Industrial Raised to Buy at Goldman; PT $19
* CTP Raised to Buy at Goldman; PT 17.80 euros
* Deliveroo Raised to Overweight at Barclays; PT 155 pence
* Egetis Therapeutics AB Raised to Buy at Pareto Securities (+)
* IMI Raised to Buy at Goldman; PT 2,020 pence
* Indra Raised to Neutral at BNPP Exane; PT 15 euros (+)
* Melia Hotels Raised to Neutral at BNPP Exane; PT 6.40 euros (+)
* Proximus Raised to Outperform at BNPP Exane; PT 11 euros (+)
* Publicis Raised to Buy From Neutral by Goldman Sachs, Target from 89.30 to 106.10
* Scor Raised to Buy at SocGen; PT 32 euros

>>> Down
* Addtech Cut to Hold at ABG; PT 215 kronor
* ArcelorMittal price target lowered to EUR 31 from EUR 33 at Deutsche Bank
* BBVA Cut to Hold at Bestinver; PT 8.40 euros
* IAG Cut to Neutral at Davy (+)
* Celanese Cut to Underperform at BofA; PT $135
* Danske Bank Cut to Hold at ABG; PT 190 kroner
* Enento Group Cut to Hold at SEB Equities; PT 20 euros
* Equinor Cut to Sell at UBS; PT 290 kroner
* Fiskars Cut to Sell at Inderes; PT 15 euros
* Glencore Cut to Hold at Deutsche Bank
* Grifols Cut to Underperform at Oddo BHF; PT 9 euros
* Inmobiliaria Colonial Cut to Underperform at BNPP Exane (+)
* Indutrade Cut to Sell at ABG; PT 225 kronor
* Kojamo Cut to Sell at Goldman; PT 10 euros
* Lifco Cut to Sell at ABG; PT 220 kronor
* Pandora ADRs Cut to Hold at Hedgeye
* Rockwool Cut to Underweight at Morgan Stanley; PT 1,630 kroner
* Shell Cut to Neutral at UBS
* TietoEVRY Cut to Accumulate at Inderes; PT 25 euros
* Wacker Chemie Cut to Neutral at Oddo BHF; PT 103 euros (+)
* Wizz Air Cut to Neutral at Davy (+)

>>> Initiation
* BE Semiconductor Rated New Buy at Goldman; PT 165 euros
* Diaceutics Rated New Outperform at RBC; PT 145 pence

>>> Call
* Grifols Gets First Downgrade After Gotham Report by Oddo (+)
* Inficon’s Prelim Results Imply Strong Finish to Year: Vontobel