>>> Europe : Brokers Upgrades & Downgrades - 1st of December 202

>>> Up
* Essity Raised to Neutral at JPMorgan; PT 280 kronor
* L'Oreal Raised to Neutral at Citi; PT 365 euros
* SGS Raised to Buy at Citi; PT 2,509 Swiss francs
* S Immo Raised to Accumulate at SRC Research; PT 18 euros
* Vantage Towers Raised to Neutral at JPMorgan; PT 32 euros

>>> Down
* Atlas Copco Cut to Hold at HSBC; PT 130 kronor
* Campari Cut to Neutral at JPMorgan; PT 11 euros
* Cofinimmo Cut to Underweight at Barclays; PT 80 euros
* Eni Cut to Hold at HSBC; PT 15.50 euros
* Equinor Cut to Hold at HSBC; PT 404 kroner
* Epiroc Cut to Hold at HSBC; PT 190 kronor
* Givaudan Cut to Underweight at JPMorgan; PT 2,840 Swiss francs
* L'Oreal Cut to Neutral at JPMorgan; PT 350 euros
* Otis Worldwide Cut to Equal-Weight at Barclays; PT $80
* Pearson Cut to Neutral at Exane
* Remy Cointreau Cut to Underweight at JPMorgan; PT 145 euros
* UPS Cut to Underperform at Exane; PT $161
* Wartsila Cut to Sector Perform at RBC; PT 8.50 euros
* Wolters Kluwer Cut to Underperform at Exane

>>> Initiation
* IDS Rated New Outperform at Exane; PT 310 pence
* Vidrala Rated New Underperform at Jefferies; PT 59 euros

>>> Call
* IDS New Outperform at Exane, Has Levers to Alleviate Concerns
* JPMorgan Tweaks Consumer Staples Ratings, Downgrades Four Stocks
* Cellnex Upgraded as UBS Calls Pivot ‘Conveniently Necessary’
* L’Oreal Upgraded at Citi on Better Earnings Protection for 2023
* Vidrala New Underperform at Jefferies on Lower Profitability
* Wartsila Cut at RBC Amid Difficult Production Exit in Trieste