>>> Europe : Brokers Upgrades & Downgrades - 1st of February 2024

>>> Up
* EasyJet Raised to Overweight at JPMorgan; PT 690 pence
* KPN Raised to Buy at Citi; PT 3.55 euros
* Marshalls Raised to Buy at Berenberg; PT 420 pence
* Pihlajalinna Raised to Hold at SEB Equities; PT 7.40 euros
* PunaMusta Media Raised to Reduce at Inderes; PT 2.90 euros
* Rockwell Automation Raised to Buy at Daiwa; PT $310
* SSAB Raised to Hold at Pareto Securities; PT 69 kronor

>>> Down
* Alphabet Cut to Hold at China Renaissance; PT $146
* BioArctic Cut to Hold at Nordea
* Boeing Cut to Sell at CFRA; PT $194
* Bytes Technology Cut to Hold at HSBC; PT 675 pence
* Enel Cut to Hold at Jefferies; PT 6.50 euros
* Givaudan Cut to Neutral at Davy; PT 3,660 Swiss francs
* Mandatum Cut to Accumulate at OP Corporate Bank; PT 4.50 euros
* Next Cut to Equal-Weight at Barclays; PT 8,500 pence
* Nucor Cut to Sell at CFRA
* Pets at Home Cut to Hold at Berenberg
* Rana Gruber Cut to Neutral at SpareBank; PT 80 kroner
* Richemont Cut to Hold at HSBC; PT 141 Swiss francs

>>> Initiation
* Mondelez Rated New Buy at Citi; PT $87
* Swedbank Reinstated Hold at Pareto Securities; PT 237 kronor

>>> Call
* Enel Cut to Hold at Jefferies on Limited Near-Term Catalysts
* KPN Upgraded to Buy at Citi as Financial Outlook Improves
* Marshalls Offers Interesting Rebuild Story, Berenberg Upgrades
* Puma Faces Increasing Competition, Cut to Sector Perform at RBC