>>> Europe : Brokers Upgrades & Downgrades - 1st of November 2023 V2(+)

>>> Up
* Advanced Medical Raised to Buy at Numis; PT 250 pence
* *DANONE UPGRADED TO OVERWEIGHT AT MORGAN STANLEY, PT EU62 (+)
* Ford Raised to Overweight at Barclays; PT $14
* General Motors Raised to Overweight at Barclays; PT $37
* Kempower Raised to Buy at Inderes; PT 44 euros
* STMicroelectronics Raised to Overweight at Morgan Stanley
* Valeo Raised to Neutral at Goldman; PT 17 euros

>>> Down
* Asos Cut to Add at Numis; PT 460 pence (+)
* BP Cut to Underweight at JPMorgan; PT 550 pence
* Elmos Semiconductor Cut to Hold at Hauck & Aufhaeuser (+)
* Geodrill Cut to Hold at Beacon Securities; PT C$1.70
* Great Portland Cut to Sell at Citi; PT 294 pence
* Lapwall Cut to Accumulate at Inderes; PT 3.40 euros
* Segro Cut to Sell at Goldman; PT 580 pence


>>> Initiation
* Neoen Rated New Hold at HSBC; PT 27 euros
* Sandoz Group Rated New Outperform at RBC; PT 33 Swiss francs

>>> Call
* Great Portland Cut at Citi on Likely Short-Term Stock Weakness
* Hertz Target Cut at Morgan Stanley on Risks From EV Strategy
* Segro Downgraded to Sell at Goldman on Balance Sheet Constraints (+)
* STMicro Upgraded at Morgan Stanley With Recovery Path Ahead
* UBS Strategists See Disappointing European Sales This Season (+)