>>> Europe : Brokers Upgrades & Downgrades - 18th of March 2024

>>> Up
* Alisa Pankki Oyj Raised to Reduce at Inderes; PT 15 euro cents
* Beazley PT Raised to 975 pence from 775 pence at RBC
* Covivio Raised to Buy at HSBC; PT 52 euros
* E.On Raised to Equal-Weight at Morgan Stanley; PT 15 euros
* Infotel Raised to Buy at Euroland Corporate; PT 54 euros
* PepsiCo Raised to Overweight at Morgan Stanley; PT $190
* Rentokil Raised to Outperform at BNPP Exane; PT 620 pence
* Signify Raised to Overweight at Barclays; PT 32 euros
* Systemair Raised to Buy at Jefferies; PT 85 kronor

>>> Down
* Aena Cut to Hold at Jefferies; PT 188 euros
* Centrica Cut to Sector Perform at RBC; PT 145 pence
* EDP Renovaveis Cut to Hold at SocGen; PT 14.30 euros
* Gecina Cut to Hold at HSBC; PT 105 euros
* Meyer Burger Cut to Neutral at Goldman; PT 0.07 Swiss francs
* Nike Cut to Sell at Williams Trading; PT $85

>>> Initiation
* C3.ai Rated New Underperform at Baptista Research; PT $29.70
* Renk Group Rated New Neutral at Citi; PT 28.50 euros
* Renk Group Rated New Neutral at Goldman; PT 25.90 euros
* Renk Group Rated New Outperform at Oddo BHF; PT 30.50 euros
* Swedish Logistic Property Rated New Buy at ABG; PT 35 kronor
* Telecom Plus Rated New Buy at Investec; PT 2,197 pence
* Viasat Rated New Buy at Baptista Research; PT $25.30

>>> Call
* Aena Strategy Reflected in Consensus, Jefferies Cuts to Hold
* Beazley Ready for a Re-Rating, PT Lifted to Street-High at RBC
* Centrica Downgraded at RBC on Lack of Upcoming Catalysts
* E.On Upgraded at Morgan Stanley on Much Better Growth Guidance
* JPMorgan’s Matejka Closes Preference for US Stocks Over Europe
* Reckitt Cash Returns at Risk on Formula Litigation: Jefferies
* Systemair Raised at Jefferies, Positioned For Market Trends