>>> Europe : Brokers Upgrades & Downgrades - 25th of July 2023

>>> Up
* Adevinta Raised to Buy at HSBC; PT 90 kroner
* Adidas Raised to Outperform at BNPP Exane; PT 210 euros
* Boliden Raised to Neutral at Credit Suisse; PT 290 kronor
* Fortum Raised to Buy at Berenberg
* Schibsted Raised to Buy at Goldman; PT 259.50 kroner
* Walmart Raised to Overweight at Piper Sandler; PT $210

>>> Down
* 7C Solarparken Rated New Buy at Berenberg; PT 6 euros
* Auto Trader Cut to Underweight at JPMorgan; PT 555 pence
* Catena Media Cut to Hold at ABG; PT 28 kronor
* Inditex Cut to Neutral at BNPP Exane; PT 36 euros
* Moneysupermarket Cut to Hold at Peel Hunt; PT 290 pence
* Nike Cut to Underperform at BNPP Exane; PT $92
* Poxel Cut to Hold at Jefferies; PT 70 euro cents
* Sartorius Cut to Reduce at AlphaValue/Baader
* Viaplay Cut to Sell at DNB Markets; PT 35 kronor

>>> Initiation
* 1812 Brewing Rated New Outperform at Oddo BHF
* 7C Solarparken Rated New Buy at Berenberg; PT 6 euros
* Electronic Arts Rated New Hold at HSBC; PT $128
* Mobileye Resumed Equal-Weight at Morgan Stanley; PT $34
* Universal Music Rated New Outperform at Cowen; PT 26 euros

>>> Call