>>> Europe : Brokers Upgrades & Downgrades - 22nd of January 2024 V2(+)

>>> Up
* Aviva Raised to Outperform at Mediobanca SpA; PT 549 pence
* Dustin Raised to Buy at ABG; PT 15 kronor
* Fabege Raised to Buy at Kepler Cheuvreux; PT 110 kronor
* International Flavors Raised to Overweight at Morgan Stanley
* Investor AB Raised to Buy at Pareto Securities; PT 254 kronor (+)
* Lyft PT Raised to $12 from $10 at Cowen (+)
* PagSeguro Raised to Neutral at Goldman; PT $13.80
* Segro Raised to Buy at Citi; PT 1,069 pence
* Tesco Raised to Add at AlphaValue/Baader (+)
* Uber PT Raised to $80 from $67 at Cowen (+)
* UCB Raised to Buy at Citi; PT 108 euros

>>> Down
* Admiral Cut to Underperform at Mediobanca SpA; PT 2,549 pence
* FastPartner Raised to Buy at Kepler Cheuvreux; PT 70 kronor
* Forvia Cut to Hold at Kepler Cheuvreux; PT 20 euros
* GN Store Nord Cut to Add at AlphaValue/Baader (+)
* Home Depot Cut to Market Perform at Oppenheimer; PT $345
* Huhtamaki Cut to Hold at Danske Bank Markets; PT 38 euros (+)
* Lowe's Cut to Market Perform at Oppenheimer; PT $230
* Lululemon Cut to Hold at HSBC; PT $500
* Maisons du Monde Cut to Sell at Bryan Garnier; PT 4 euros (+)
* M&G Cut to Neutral at Mediobanca SpA; PT 255 pence
* Nordex Cut to Hold at Bankhaus Metzler; PT 9.10 euros (+)
* NP3 Fastigheter Cut to Hold at Kepler Cheuvreux; PT 215 kronor
* Paradox Interactive Cut to Sell at Handelsbanken (+)
* Sage Cut to Underweight at Barclays; PT 985 pence
* SAP Cut to Underperform at Grupo Santander; PT 125 euros (+)
* SEB Cut to Hold at Handelsbanken (+)
* Stratec Cut to Hold at Hauck & Aufhaeuser; PT 40 euros (+)
* Valeo Cut to Reduce at Kepler Cheuvreux; PT 11 euros
* Virbac Cut to Add at IDMidcaps; PT 360 euros (+)
* Wavestone Cut to Hold at Kepler Cheuvreux; PT 65 euros

>>> Initiation
* Arise Rated New Buy at Clarksons; PT 69 kronor
* Cembre Rated New Neutral at Mediobanca SpA; PT 43 euros
* Dios Rated New Hold at SEB Equities; PT 80 kronor

>>> Call
* Citi Strategists Say Surge in Mega Caps Warps S&P 500 Valuation (+)
* JPMorgan Strategists See Downtrend in Earnings Momentum
* Morgan Stanley’s Wilson Says Stock Rally Depends on Economy Path (+)
* RBC’s Calvasina Says Top Seven S&P 500 Firms to Lose Profit Edge (+)
* Segro Raised to Buy at Citi as Downside Risks For Property Ease (+)