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

>>> Up
* Amgen Raised to Buy at Daiwa; PT $320
* EasyJet Raised to Outperform at Oddo BHF; PT 630 pence
* Rio2 Raised to Buy at Cantor; PT 60 Canadian cents
* Salesforce Inc Raised to Overweight at Morgan Stanley; PT $350
* Sartorius Raised to Overweight at KeyBanc
* Spotify Raised to Buy at Pivotal; PT $265
* WithSecure Raised to Buy at SEB Equities; PT 1.40 euros
* WSO1 GR Raised to Buy at Pareto Securities; PT 11 euros

>>> Down
* Admiral Cut to Hold at Berenberg; PT 2,961 pence
* Argenx ADRs Cut to Market Perform at William Blair
* Argenx ADRs PT Cut to $370 from $550 at Truist Secs
* Argenx ADRs PT Cut to $481 from $600 at Jefferies
* Eli Lilly Cut to Outperform at Daiwa; PT $610
* Know IT Cut to Sell at ABG; PT 135 kronor
* Rusta Cut to Hold at SEB Equities; PT 77 kronor
* Simon Property Cut to Equal-Weight at Morgan Stanley; PT $143
* VAT Cut to Hold at Berenberg; PT 450 Swiss francs
* Verbund Cut to Neutral at Oddo BHF; PT 85 euros

>>> Initiation
* Linde Rated New Overweight at Guotai Junan Sec
* Monster Beverage Rated New Neutral at Haitong Intl; PT $60
* Straumann Reinstated Buy at William O'Neil
* Trigano Rated New Buy at William O'Neil

>>> Call
* Admiral Cut to Hold at Berenberg on Accounting, Valuation
* *CITI STRATEGISTS RAISE US BANK STOCKS TO OVERWEGIHT
* Morgan Stanley Bullish on GM, Ford For 2024 as Headwinds Ease
* Sartorius Raised at KeyBanc as Destocking Overhang Subsides