>>> Europe : Brokers Upgrades & Downgrades - 21st of June 2024

>>> Up
* Alcoa Raised to Overweight at Morgan Stanley; PT $50
* Anglo American Raised to Outperform at BNPP Exane
* Freeport Raised to Overweight at Morgan Stanley; PT $62
* Huhtamaki Raised to Overweight at Barclays; PT 44 euros
* Moderna PT Raised to $150 from $115 at Argus
* Severn Trent Raised to Neutral at JPMorgan; PT 2,700 pence
* United Utilities Raised to Overweight at JPMorgan
* Vale ADRs Raised to Neutral at BNPP Exane; PT $12.70

>>> Down
* ABB Cut to Sell at Deutsche Bank; PT 45 Swiss francs
* Atlantic Lithium Cut to Neutral at Macquarie; PT 21 pence
* Immofinanz Cut to Reduce at Erste Group; PT 22.50 euros
* Ivanhoe Mines Cut to Equal-Weight at Morgan Stanley; PT C$19.50
* Mondi Cut to Underweight at ABSA Securities; PT 1,475.90 pence
* Ryanair Cut to Equal-Weight at Barclays; PT 18.50 euros
* Wizz Air Cut to Underweight at Barclays; PT 1,950 pence

>>> Initiation
* Barratt Rated New Hold at Stifel; PT 460 pence
* Bellway Rated New Buy at Stifel; PT 2,750 pence
* Berkeley Rated New Hold at Stifel; PT 4,630 pence
* Couche-Tard Rated New Buy at Jefferies; PT C$91
* Herantis Pharma Rated New Accumulate at Inderes; PT 2.20 euros
* MJ Gleeson Rated New Buy at Stifel; PT 640 pence
* Persimmon Rated New Buy at Stifel; PT 1,650 pence
* Taylor Wimpey Rated New Buy at Stifel; PT 155 pence
* Vistry Group Rated New Buy at Stifel; PT 1,290 pence

>>> Call
* B&M Cut, PT to Street-Low at Morgan Stanley on Weaker Growth
* Rolls-Royce Re-Rating Can Continue, Citi Boosts Price Target