>>> Europe : Brokers Upgrades & Downgrades - 20th of June 2023 V3(++)

>>> Up

* Barclays PT Raised to 320 pence from 300 pence at Jefferies

* Capital & Regional Raised to Add at Peel Hunt

* Heidelberg Materials AG Raised to Outperform at BNPP Exane

* Nordic Semiconductor Raised to Buy at Nordea; PT 160 kroner

* Philip Morris Raised to Buy at Citi; PT $117

* Shell Raised to Buy at AlphaValue/Baader (++)

* Supermarket Income Raised to Hold at Peel Hunt

* Vaisala Raised to Accumulate at Inderes; PT 44 euros

>>> Down

* Abrdn plc Cut to Hold at Numis; PT 217 pence (++)

* Agatos Cut to Hold at Intesa Sanpaolo; PT 50 euro cents (+)
* Cherry Cut to Neutral at Oddo BHF

* Colruyt Cut to Reduce at KBC Securities; PT 29 euros (+)

* Comet Cut to Market Perform at ZKB

* Getinge Cut to Hold at DNB Markets; PT 215 kronor

* Getinge Cut to Hold at Equita (++)

* Getinge Cut to Hold at Carnegie; PT 200 kronor

* Hexagon Cut to Hold at DNB Markets; PT 140 kronor

* Know IT Cut to Sell at Handelsbanken

* LXI REIT Plc Cut to Hold at Peel Hunt

* Mithra Pharma Cut to Hold at ING; PT 2.80 euros

* RWE Cut to Add at AlphaValue/Baader

* Sartorius Cut to Neutral at Oddo BHF; PT 325 euros
* Sats Cut to Hold at DNB Markets; PT 12 kroner

* Tritax EuroBox Cut to Hold at Peel Hunt

* Verkkokauppa.com Cut to Reduce at Inderes; PT 2.90 euros

>>> Initiation

* Adecco Rated New Buy at Redburn (+)

* Ecomembrane Rated New Buy at Equita; PT 12 euros (+)

* Hays Rated New Buy at Redburn (+)

* ManpowerGroup Rated New Buy at Redburn (+)

* NKT Rated New Buy at Carnegie; PT 500 kroner (++)

* Pagegroup Rated New Neutral at Redburn (+)
* Qiagen Reinstated Equal-Weight at Morgan Stanley; PT 50 euros

* Randstad Rated New Neutral at Redburn (+)

* Robert Half Rated New Neutral at Redburn (+)

>>> Call

* Comet Cut to Market Perform by ZKB Citing Lack of Further Upside (+)

* Know IT Slides as Handelsbanken Cuts to Sell on Weak Trends (++)

* Man Group Rated Buy at Peel Hunt, Low Valuation Is ‘Anomalous’

* Neoen Guidance Implies Meaningful Upside, Morgan Stanley Says

* Peel Hunt Rejigs Real Estate Ratings With Three Raises, Two Cuts

* Philip Morris Upgraded at Citi on Undervalued Smoke-Free Growth (+)
* US Foods Upgraded at MS on Optionality, Performance Food Cut