>>> Europe : Brokers Upgrades & Downgrades - 18th of January 2023

>>> Up
* Alphabet PT Raised to $125 from $120 at Morgan Stanley
* Atea Raised to Buy at Handelsbanken
* Capgemini Raised to Overweight at Barclays
* Evolution Raised to Buy at Deutsche Bank; PT 1,230 kronor
* Gap Raised to Equal-Weight at Morgan Stanley
* Greggs Raised to Buy at Deutsche Bank; PT 2,950 pence
* Meta Platforms PT Raised to $130 from $100 at Morgan Stanley
* NH Hotel Raised to Neutral at Oddo BHF; PT 3.50 euros
* Nordea Bank Raised to Market Perform at KBW; PT 140 kronor
* Proximus Raised to Hold at HSBC; PT 10 euros
* Scandic Raised to Buy at Deutsche Bank; PT 45.40 kronor
* Seagate Raised to Overweight at Morgan Stanley; PT $69
* Zignago Vetro Raised to Buy at Berenberg; PT 17 euros

>>> Down
* Aallon Group Cut to Accumulate at Inderes; PT 12 euros
* Altice USA Cut to Underperform at Exane; PT $4
* DNB Bank Cut to Neutral at JPMorgan; PT 185 kroner
* Encavis Cut to Underweight at Barclays; PT 17 euros
* Essity Cut to Underperform at Jefferies; PT 250 kronor
* IBM Cut to Equal-Weight at Morgan Stanley; PT $148
* Idorsia Cut to Hold at Jefferies; PT 16.20 Swiss francs
* IntegraFin Cut to Hold at Investec; PT 330 pence
* Morgan Stanley Cut to Neutral at Citi; PT $100
* Orion Cut to Reduce at Inderes; PT 48 euros
* Orsted Cut to Underweight at Barclays; PT 700 kroner
* Vestas Cut to Hold at Pareto Securities; PT 215 kroner
* Whitbread Cut to Neutral at Oddo BHF; PT 3,500 pence
* Zurich Ins. Cut to Hold at SocGen

>>> Initiation
* Koskisen Rated New Buy at Nordea; PT 9 euros
* New Wave Rated New Hold at Handelsbanken

>>> Call
* BofA Stays Bullish on Asia EM Stocks as China Uncertainty Clears
* Capgemini Raised to Overweight at Barclays On Growing Resilience
* Goldman Sees Bullish Sentiment Growing Over Non-US Assets
* Grifols Upgraded to Buy, Idorsia Downgraded to Hold at Jefferies
* Repsol Consensus Could Rise Around 15% After Update, Citi Says
* Unilever Key Pick, Nestle Raised by Jefferies in Food/HPC Sector