>>> Europe : Brokers Upgrades & Downgrades - 23rd of June 2023 V2(+)

>>> Up
* Covestro Raised to Buy at Stifel; PT 66 euros
* Crayon Raised to Neutral at BNPP Exane; PT 124 kroner (+)
* Evotec SE ADRs Raised to Overweight at Morgan Stanley; PT $16
* Evotec SE Raised to Overweight at Morgan Stanley; PT 29 euros
* Neste ADRs Raised to Market Perform at Cowen; PT $20

>>> Down
* Barratt Cut to Hold at HSBC; PT 440 pence
* Bechtle Cut to Underperform at BNPP Exane; PT 35 euros (+)
* Berkeley Cut to Reduce at HSBC; PT 3,000 pence
* Bunzl Cut to Underperform at Jefferies; PT 2,600 pence
* Crest Nicholson Cut to Hold at HSBC; PT 230 pence
* Lanxess Cut to Neutral at BNPP Exane; PT 31 euros (+)
* Persimmon Cut to Hold at HSBC; PT 1,190 pence
* Talanx Cut to Hold at Berenberg; PT 50 euros
* Taylor Wimpey Cut to Hold at HSBC; PT 120 pence
* Victrex Cut to Neutral at BNPP Exane; PT 1,650 pence (+)

>>> Initiation
* Avon Protection Rated New Sell at Shore Capital; PT 753 pence (+)
* BAE Rated New Buy at Shore Capital; PT 1,166 pence (+)
* Chemring Group Rated New Buy at Shore Capital; PT 346 pence (+)
* Fiserv Rated New Buy at B Riley; PT $148
* Kalray SADIR Rated New Outperform at Oddo BHF; PT 38 euros
* Medartis Rated New Buy at Research Partners
* NCC Reinstated Buy at Liberum; PT 150 pence (+)
* Nel Rated New Sell at Nordea; PT 8 kroner (+)
* Norwegian Air Reinstated Overweight at Barclays; PT 18 kroner
* QinetiQ Rated New Buy at Shore Capital; PT 493 pence (+)

>>> Call
* Evotec Raised at Morgan Stanley on Execution and Delivery (+)
* MS Strategists Say European Stocks Vulnerable to Weaker Data (+)