>>> Europe : Brokers Upgrades & Downgrades - 21st of April 2023

>>> Up
* Arjo Raised to Hold at Pareto Securities; PT 42 kronor
* IMI Raised to Buy at HSBC; PT 1,960 pence
* Nokia Raised to Buy at Inderes; PT 4.80 euros

>>> Down
* DNB Bank Cut to Neutral at Citi; PT 213 kroner
* GenSight Biologics Cut to Neutral at Chardan Capital Markets
* Seagate Cut to Equal-Weight at Morgan Stanley; PT $60

>>> Initiation
* Adyen Rated New Outperform at CICC; PT 1,770.35 euros
* XXL Reinstated Sell at Nordea; PT 1.80 kroner

>>> Call
* Swedbank Gets Positive Catalyst Watch at Citi, DNB Downgraded