>>> Europe : Brokers Upgrades & Downgrades - 22nd of August 2023

>>> Up
* Adecco Raised to Outperform at BNPP Exane; PT 43 Swiss francs
* Archer Raised to Buy at ABG; PT 1.30 kroner
* Hays Raised to Outperform at BNPP Exane; PT 125 pence
* Randstad Raised to Outperform at BNPP Exane; PT 61.40 euros
* RS Group Raised to Outperform at BNPP Exane; PT 965 pence

>>> Down
* Ediston Property Cut to Hold at Peel Hunt
* Elkem Cut to Hold at Nordea
* Investors House Cut to Accumulate at Inderes; PT 5.60 euros
* JDE Peet's Cut to Hold at ING; PT 27.53 euros
* Sogn Sparebank Cut to Sell at Norne Securities; PT 160 kroner
* Thunderful Group Cut to Hold at ABG; PT 12 kronor

>>> Initiation
* Boku Rated New Buy at Jefferies; PT 177 pence
* CRH Assumed Buy at Citi; PT 57 euros
* Meta Platforms Rated New Outperform at Wedbush; PT $350
* SAP Re-Initiated Buy at Bankhaus Metzler; PT 148 euros

>>> Call
* Axon Drivers Reflected in Price, Morgan Stanley Is Equal-Weight