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

>>> Up
* Billerud Raised to Buy at Jefferies; PT 105 kronor
* Dell Technologies Raised to Outperform at Daiwa
* E.On Raised to Buy at SocGen; PT 13.40 euros
* Micron Raised to Buy at Aletheia Capital; PT $86
* PGS Raised to Hold at DNB Markets; PT 10.50 kroner
* VW Raised to Buy at Jefferies; PT 150 euros

>>> Down
* ALD Cut to Neutral at BNPP Exane; PT 9 euros
* CNH Industrial Cut to Inline at Evercore ISI; PT $14
* Deere Cut to Inline at Evercore ISI; PT $424
* Fluidra Cut to Neutral at Oddo BHF; PT 20.50 euros
* Genuit Group Cut to Add at Peel Hunt; PT 320 pence
* NatWest Cut to Hold at HSBC; PT 260 pence
* S4 Capital Cut to Equal-Weight at Barclays; PT 95 pence
* SocGen Cut to Neutral at BNPP Exane; PT 28 euros

>>> Initiation
* Bonheur Rated New Buy at DNB Markets; PT 305 kroner
* NOS Rated New Buy at SocGen; PT 4.20 euros
* TGS Cut to Hold at DNB Markets; PT 155 kroner
* Tim Brasil ADRs Rated New Buy at Jefferies; PT $19.39

>>> Call
* Higher ECB Reserve Rules Is Risk for Banks, Morgan Stanley Says
* JPMorgan’s Kolanovic Warns ‘Higher for Longer’ Is Risk to Stocks