>>> Europe : Brokers Upgrades & Downgrades - 23rd of July 2024

>>> Up
* Alphabet PT Raised to $210 from $195 at Morgan Stanley
* Amazon PT Raised to $240 from $220 at Morgan Stanley
* Banca Generali Raised to Overweight at Barclays; PT 48.60 euros
* BCP Raised to Neutral at Mediobanca SpA; PT 44 euro cents
* Belimo PT Raised to 598 Swiss francs at Jefferies
* Fresenius SE Raised to Overweight at Morgan Stanley; PT 39 euros
* Karnov Group Raised to Buy at Berenberg; PT 100 kronor
* Legal & General Raised to Buy at UBS
* Reddit PT Raised to $70 from $63 at Morgan Stanley
* Rio Tinto Raised to Buy at HSBC; PT 5,750 pence
* Skechers USA Raised to Overweight at Morgan Stanley; PT $80
* Snap Raised to Equal-Weight at Morgan Stanley; PT $16
* Uber PT Raised to $95 from $90 at Morgan Stanley
* VAT Raised to Buy at Redburn; PT 550 Swiss francs

>>> Down
* Air France-KLM Cut to Underperform at Grupo Santander
* Bouygues PT Cut to 34 euros from 35 euros at Morgan Stanley
* Johnson & Johnson Cut to Neutral at Daiwa; PT $150
* Stemmer Imaging Cut to Hold at Berenberg; PT 48 euros
* Under Armour Cut to Underweight at Morgan Stanley; PT $4
* Vaisala Cut to Hold at Evli Bank; PT 42 euros

>>> Initiation
* Albemarle Rated New Buy at Mirae Asset Securities; PT $126
* Colgate-Palmolive Rated New Buy at TD Cowen; PT $110
* Exosens SAS Rated New Overweight at JPMorgan; PT 27 euros
* Indivior Rated New Overweight at Piper Sandler
* Mol Rated New Hold at Trigon, Analyst Prefers OMV in Region
* Nykode Therapeutics Rated New Buy at Jefferies; PT 17.50 kroner
* Oerlikon Rated New Neutral at Oddo BHF; PT 5.20 Swiss francs
* Unilever Rated New Buy at TD Cowen; PT 5,200 pence

>>> Call
* BARCLAYS STRATEGISTS LIFT FY24 S&P 500 TARGET TO 5600 FROM 5300
* Boeing 2Q Loss Estimate Widened on Added BDS Charges: Jefferies
* Fresenius Upgraded to Overweight at Morgan Stanley, Now Top Pick
* Oerlikon New Neutral at Oddo BHF, Will Take Time to Create Value