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

>>> Up
* Allegro Raised to Neutral at Goldman; PT 32 zloty
* BBVA Raised to Outperform at Oddo BHF; PT 10.50 euros
* Elastic Raised to Buy at Jefferies; PT $100
* Finnair Raised to Reduce at Inderes; PT 30 euro cents
* Lonza Raised to Buy at Intron Health; PT 425 Swiss francs
* Repsol Raised to Overweight at Barclays; PT 25 euros
* Tryg Raised to Buy at Jefferies; PT 160 kroner
* Umicore Raised to Hold at Jefferies; PT 26 euros

>>> Down
* Anglogold Ashanti Cut to Equal-Weight at Morgan Stanley
* Boliden Cut to Underperform at RBC; PT 265 kronor
* Galp Cut to Equal-Weight at Barclays; PT 17 euros
* Lonza Cut to Hold at Deutsche Bank; PT 366 Swiss francs
* Lufthansa Cut to Neutral at Citi; PT 7.90 euros
* Re:NewCell Cut to Hold at Nordea
* St James's Place Cut to Hold at HSBC; PT 750 pence
* Wizz Air Cut to Sell at Citi; PT 1,400 pence

>>> Initiation
* Argenx Rated New Outperform at BNPP Exane; PT 590 euros
* ARM Holdings PLC ADRs Rated New Overweight at KeyBanc; PT $65
* Atrium Ljungberg Rated New Neutral at Kempen & Co; PT 180 kronor
* Dios Rated New Buy at Kempen & Co; PT 70 kronor
* Multiconsult Rated New Buy at SEB Equities; PT 165 kroner
* Skan Group Rated New Buy at Stifel; PT 92 Swiss francs

>>> Call
* Nvidia Price Target Cut at Morgan Stanley on ‘Draconian’ Curbs
* Tryg’s Margin Momentum Prompts Upgrade to Buy at Jefferies
* Wizz Cut at Citi on Growth Risk, Lufthansa on Margin Downside