>>> Europe : Brokers Upgrades & Downgrades - 23th of January 2024 V2(+)

>>> Up
* Campari Raised to Buy at Citi; PT 10.50 euros
* Hapag-Lloyd Raised to Hold at Bankhaus Metzler; PT 150 euros (+)
* IDS Raised to Buy at HSBC; PT 314 pence
* Integrated Diagnostics Raised to Buy at HSBC; PT 78 cents
* LDA SM Raised to Outperform at Grupo Santander; PT 1.11 euros
* Microsoft PT Raised to $450 from $415 at Morgan Stanley (+)
* Nordex Raised to Buy at Goldman; PT 15 euros
* Schindler Raised to Buy at Jefferies; PT 240 Swiss francs
* Sodexo Raised to Buy at HSBC; PT 120 euros
* Solaria Energia Raised to Outperform at Renta 4; PT 18.30 euros (+)

>>> Down
* Air France-KLM Cut to Underperform at Oddo BHF (+)
* IAG Cut to Neutral at Oddo BHF (+)
* Compass Group Cut to Hold at HSBC; PT 2,370 pence
* Encavis Cut to Sell at Stifel; PT 11.50 euros
* FirstGroup Cut to Hold at HSBC; PT 180 pence
* Fortum Cut to Add at AlphaValue/Baader (+)
* Iberdrola Cut to Equal-Weight at Barclays
* Kindred GDRs Cut to Hold at ABG; PT 130 kronor
* Lufthansa Cut to Neutral at Oddo BHF (+)
* Nemetschek Cut to Hold at Bankhaus Metzler; PT 80 euros (+)
* Orsted Cut to Neutral at Oddo BHF; PT 400 kroner
* Permascand Top Holding Cut to Hold at ABG; PT 17 kronor
* Saab Cut to Hold at SEB Equities; PT 725 kronor
* Victrex Cut to Hold at Berenberg; PT 1,680 pence (+)

>>> Initiation
* CNH Industrial Rated New Neutral at DA Davidson; PT $13
* Novo ADRs Rated New Overweight at Morgan Stanley; PT $120
* Sandoz Group Rated New Buy at SocGen; PT 38 Swiss francs
* Spirax Re-Initiated Hold at Berenberg (+)

>>> Call
* Citi’s Montagu Says Profit-Taking Risks Limit Nasdaq 100 Upside
* Premier Foods Delivers Across the Board, Says Jefferies (+)
* Swatch Misses, Dividend Looks Set to Disappoint, Says Vontobel (+)