>>> Europe : Brokers Upgrades & Downgrades - 19th of July 2023

>>> Up
* Aston Martin Raised to Buy at Goldman; PT 413 pence
* GARO AB Raised to Buy at DNB Markets; PT 70 kronor
* Gjensidige Raised to Buy at Arctic Securities; PT 175 kroner
* Microsoft PT Raised to $390 from $330 at Cowen
* Pennon Raised to Buy at SocGen; PT 890 pence
* Prysmian Raised to Reduce at AlphaValue/Baader
* Segro Raised to Outperform at BNPP Exane; PT 900 pence
* Steico Raised to Buy at Pareto Securities; PT 40 euros
* Sweco Raised to Hold at ABG; PT 110 kronor
* WDP Raised to Neutral at BNPP Exane; PT 27 euros

>>> Down
* Epiroc Cut to Hold at ABG; PT 225 kronor
* Equinor Cut to Sell at Berenberg; PT 250 kroner
* INWIT Cut to Neutral at New Street Research; PT 12.20 euros
* Joby Aviation Cut to Underweight at JPMorgan; PT $6
* Kuehne + Nagel Cut to Neutral at JPMorgan; PT 280 Swiss francs
* Lonza Cut to Sell at Intron Health; PT 490 Swiss francs
* Nel Cut to Hold at Arctic Securities; PT 14 kroner
* Severn Trent Cut to Hold at SocGen; PT 2,630 pence
* Tele2 Cut to Sell at ABG; PT 80 kronor
* Tele2 Cut to Hold at HSBC; PT 81 kronor

>>> Initiation
* Bayer Rated New Outperform at Wolfe; PT 66 euros
* Computacenter Rated New Overweight at JPMorgan; PT 2,700 pence
* CTP Rated New Outperform at BNPP Exane; PT 15 euros
* Danaher Rated New Outperform at Raymond James
* Logan Energy Rated New Sector Outperform at Peters & Co
* Medtronic Rated New Neutral at Baird; PT $90
* Novavis Group Rated New Buy at Erste Group; PT 3.89 zloty
* Nyxoah Rated New Neutral at Baird; PT 8 euros
* Panoro Energy Rated New Buy at Investec; PT 45 kroner
* Renewi Rated New Buy at Berenberg; PT 710 pence
* Softcat Rated New Neutral at JPMorgan; PT 1,400 pence
* Thermo Fisher Rated New Outperform at Raymond James
* Tritax Big Box Rated New Outperform at BNPP Exane; PT 155 pence
* VGP Rated New Underperform at BNPP Exane; PT 85 euros

>>> Call
* Morgan Stanley Selective in Chemicals, Evonik Downgraded
* Orange Offers Cheap Optionality, Upgraded to Buy at Citi
* Verbio Positioned for Decarbonization, New Buy at Jefferies