>>> Europe : Brokers Upgrades & Downgrades - 18th of January 2023 V2(+)

>>> 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
* Getlink Raised to Buy at HSBC; PT 19.25 euros (+)
* Greggs Raised to Buy at Deutsche Bank; PT 2,950 pence
* Grieg Seafood Raised to Hold at Kepler Cheuvreux; PT 88 kroner (+)
* Inficon Raised to Neutral at Credit Suisse; PT 840 Swiss francs (+)
* 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
* Salmar Raised to Buy at Kepler Cheuvreux; PT 500 kroner (++)
* Scandic Raised to Buy at Deutsche Bank; PT 45.40 kronor
* Seagate Raised to Overweight at Morgan Stanley; PT $69
* VAT Raised to Outperform at Credit Suisse; PT 350 Swiss francs (+)
* Zignago Vetro Raised to Buy at Berenberg; PT 17 euros
* Zurich Airport Raised to Outperform at Credit Suisse (+)

>>> Down
* Aallon Group Cut to Accumulate at Inderes; PT 12 euros
* Altice USA Cut to Underperform at Exane; PT $4
* ArcelorMittal Cut to Sell at UBS (+)
* AUTO1 Cut to Neutral at Exane; PT 9.30 euros (+)
* BASF Cut to Hold at M.M. Warburg; PT 57 euros
* BP Cut to Neutral at Redburn (+)
* Bystronic Cut to Underperform at Credit Suisse (+)
* DNB Bank Cut to Neutral at JPMorgan; PT 185 kroner
* Encavis Cut to Underweight at Barclays; PT 17 euros
* Equinor Cut to Sell at Redburn (+)
* Essity Cut to Underperform at Jefferies; PT 250 kronor
* Europris Cut to Hold at Arctic Securities; PT 70 kroner (+)
* Exxon Cut to Sell at Redburn (+)
* Hugo Boss Cut to Sell at Hauck & Aufhaeuser; PT 52 euros (+)
* 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
* SEB Cut to Hold at Arctic Securities; PT 130 kronor (+)
* TER Beke Cut to Hold at KBC Securities (+)
* TotalEnergies Cut to Sell at Redburn (+)
* Vestas Cut to Hold at Pareto Securities; PT 215 kroner
* Vidrala Cut to Hold at Mirabaud Securities; PT 94.98 euros (+)
* Voestalpine Cut to Sell at UBS (+)
* Whitbread Cut to Neutral at Oddo BHF; PT 3,500 pence
* Zurich Ins. Cut to Hold at SocGen

>>> Initiation
* Azelis Rated New Neutral at Oddo BHF; PT 26.20 euros (+)
* Koskisen Rated New Buy at Nordea; PT 9 euros
* New Wave Rated New Hold at Handelsbanken

>>> Call
* Barry Callebaut’s 1Q Miss Likely to Send Shares Lower, Citi Says (+)
* BofA Stays Bullish on Asia EM Stocks as China Uncertainty Clears
* Burberry Sales Hit Likely to Be Seen as Transitory, RBC Says (+)
* Capgemini Raised to Overweight at Barclays On Growing Resilience
* Continental Results Disappointing After Recent Rally, Citi Says (+)
* Goldman Sees Bullish Sentiment Growing Over Non-US Assets
* Grifols Upgraded to Buy, Idorsia Downgraded to Hold at Jefferies
* Investors May Wait to Re-Engage With US Internet Stocks, MS Says (+)
* Oil Majors No Longer a Clear Overweight, Redburn Cuts 5 Stocks (+)
* Repsol Consensus Could Rise Around 15% After Update, Citi Says
* Smiths Group Update, Raised Guidance Is ‘Very Good’: Jefferies (+)
* Unilever Key Pick, Nestle Raised by Jefferies in Food/HPC Sector