>>> Europe : Brokers Upgrades & Downgrades - 21st of March 2023 V3(++)

>>> Up
* Altri Raised to Buy at JB Capital Markets; PT 6.30 euros
* Axfood Raised to Buy at DNB Markets; PT 280 kronor
* Axfood Raised to Buy at Carnegie (++)
* Emerson Electric Raised to Overweight at Morgan Stanley; PT $96
* Investors House Raised to Reduce at Inderes; PT 5 euros
* J. Martins Raised to Outperform at Exane; PT 23.50 euros (++)
* Kojamo Raised to Buy at OP Corporate Bank; PT 13 euros (Yest. pm)
* Meta Platforms Raised to Overweight at Morgan Stanley; PT $250
* Nel Raised to Add at AlphaValue/Baader
* Nordea Bank Raised to Overweight at Barclays; PT 139.26 kronor
* Rockwool Raised to Buy at DNB Markets; PT 1,875 kroner (++)
* Sainsbury Raised to Outperform at Exane; PT 300 pence (++)
* Stockmann Raised to Accumulate at Inderes; PT 2.10 euros (+)
* TI Fluid Raised to Hold at Jefferies; PT 100 pence
* TotalEnergies Raised to Overweight at Morgan Stanley
* Odfjell Drilling Raised to Hold at SEB Equities; PT 26 kroner (Yest. pm)

>>> Down
* Adobe Cut to Accumulate at Phillip Secs; PT $402
* Alm Equity Cut to Hold at Arctic Securities; PT 535 kronor
* Applus Cut to Hold at Jefferies; PT 8 euros
* Handelsbanken Cut to Equal-Weight at Barclays; PT 105 kronor
* Interroll Cut to Neutral at Exane; PT 3,200 Swiss francs (++)
* InterContinental Hotels Cut to Sell at Redburn (+)
* INTO BB Cut to Accumulate at KBC Securities (+)
* Luceco Cut to Hold at Numis; PT 130 pence (+)
* Melia Hotels Cut to Sell at UBS (++)
* Newron Pharma Cut to Add at Baader Helvea; PT 7.20 Swiss francs
* CORRECT: Novozymes Still Rated Buy at SEB Equities (++)
* Studentbostader i Norden Cut to Hold at Arctic Securities
* Synlab Cut to Hold at HSBC; PT 9 euros
* UniCredit Cut to Neutral at Intermonte; PT 17.80 euros (Yest. pm)

>>> Initiation
* Bechtle Re-Initiated Buy at Bankhaus Metzler; PT 50 euros (+)
* Beijer REF Resumed Buy at Nordea; PT 204 kronor
* Eurogroup Laminations Rated New Buy at Intesa Sanpaolo (+)
* Eurogroup Laminations Rated New Outperform at Exane (++)
* Gentili Mosconi Rated New Buy at Equita; PT 4.85 euros (Yest. pm)
* Multiconsult Rated New Buy at DNB Markets; PT 170 kroner (Yest. pm)
* OHB SE Rated New Neutral at Oddo BHF; PT 35 euros
* O'Reilly Automotive Rated New Hold at Baptista Research; PT $865

>>> Call
* Bernstein Strategists Cautious on Value as More Eyes on Earnings (+)
* IHG Cut to Sell at Redburn on More Cautious Hotels Outlook (+)
* Partners Group’s Dividend Boost Shows Faith in Outlook: Vontobel (+)
* RWE Guidance Beat, Higher Dividend Set Positive Tone: Jefferies (+)
* Rockwool Jumps as DNB Raises, Says Margin Guidance Conservative (++)
* TotalEnergies Raised at Morgan Stanley on Upstream Strength