>>> Europe : Brokers Upgrades & Downgrades - 18th of January 2024 V2(+)

>>> Up

* Airbus Raised to Buy at DZ Bank; PT 174 euros (+)

* AMS-Osram Raised to Buy at Deutsche Bank; PT 2.50 Swiss francs

* Arjo Raised to Buy at Pareto Securities; PT 50 kronor

* BLUENORD ASA Raised to Buy at ABG; PT 600 kroner

* Evotec SE Raised to Outperform at RBC; PT 18.60 euros

* Kid ASA Raised to Buy at Pareto Securities; PT 145 kroner (+)

* Kinnevik Raised to Buy at SEB Equities; PT 117 kronor

* Microsoft Raised to Outperform at BNPP Exane; PT $471

* MTU Aero Raised to Outperform at BNPP Exane; PT 279 euros

* Naked Wines Raised to Hold at Liberum (+)
* Telenor Raised to Buy at Citi; PT 145 kroner

* Temenos Raised to Buy at Stifel; PT 100 Swiss francs

>>> Down
* Ahold Delhaize Cut to Neutral at UBS

* Ambu Cut to Hold at SEB Equities; PT 120 kroner

* Atlas Copco Cut to Reduce at HSBC; PT 145 kronor

* Bachem Cut to Sell at Mirabaud Securities; PT 52 Swiss francs (+)

* BAE Cut to Underperform at BNPP Exane; PT 1,128 pence

* Byggmax Cut to Sell at SEB Equities; PT 28 kronor

* Cloetta Cut to Hold at Nordea

* Detection Tech Oy Cut to Hold at Nordea; PT 3.80 euros

* Essity Cut to Underweight at Barclays; PT 235 kronor

* Fortum Cut to Neutral at Citi; PT 13.10 euros (+)

* Poujoulat Cut to Reduce at IDMidcaps; PT 15 euros (+)

* SpareBank 1 Helgeland Cut to Hold at Arctic Securities (+)

* TeamViewer SE Cut to Underperform at BNPP Exane; PT 13 euros

* Thales Cut to Neutral at BNPP Exane; PT 155 euros

>>> Initiation

* Capita Reinstated Neutral at Citi

* ITV Reinstated Equal-Weight at Morgan Stanley; PT 68 pence

* Moneysupermarket Rated New Overweight at Morgan Stanley

* Team Internet Group PLC Rated New Overweight at Cantor
* Voltalia Rated New Hold at SocGen; PT 9.30 euros

>>> Call

* AMS-Osram Rated Buy at Deutsche Bank on Turnaround Potential (+)
* Goldman Strategists Say European Small Caps Set to Outperform (+)