>>> Europe : Brokers Upgrades & Downgrades - 26th of January 2024 V3(++)

>>> Up
* Apax Global Alpha Raised to Overweight at Barclays; PT 200 pence
* Bechtle Raised to Buy at Kepler Cheuvreux; PT 60 euros (++)
* Chrysalis Investments Raised to Overweight at Barclays
* EFG International Raised to Neutral at Citi
* H&R Raised to Hold at DZ Bank; PT 5.10 euros (++)
* IBM Raised to Buy at President Capital Management; PT $215
* Intrasense SAS Raised to Buy at Invest Securities SA (++)
* Itab Shop Concept Raised to Hold at Kepler Cheuvreux (++)
* Kion Raised to Outperform at BNPP Exane; PT 59 euros (+)
* Netcompany Raised to Buy at ABG; PT 285 kroner
* Norden Raised to Buy at SEB Equities; PT 435 kroner
* Redeia Raised to Buy at Kepler Cheuvreux; PT 17.40 euros (++)
* Rieter Raised to Buy at Stifel; PT 110 Swiss francs
* Rightmove Raised to Overweight at Morgan Stanley; PT 600 pence

>>> Down
* Atlas Copco Cut to Neutral at BNPP Exane; PT 175 kronor (+)
* Aubay Cut to Add at IDMidcaps; PT 44 euros (++)
* Bayer Cut to Underperform at BofA; PT 33 euros (+)
* Enagas Cut to Hold at Kepler Cheuvreux; PT 16 euros (++)
* Evli Cut to Reduce at Inderes; PT 20 euros
* H+H Cut to Sell at SEB Equities; PT 65 kroner
* InterContinental Hotels Cut to Sell at Deutsche Bank (+)
* Molten Ventures Cut to Equal-Weight at Barclays; PT 330 pence
* Northrop Grumman Cut to Sector Perform at RBC; PT $450
* Puma Cut to Hold at HSBC; PT 40 euros
* Puma Cut to Hold at SocGen; PT 43 euros (++)
* Scout24 SE Cut to Equal-Weight at Morgan Stanley; PT 73 euros
* TeamViewer SE Cut to Hold at Kepler Cheuvreux; PT 15 euros (++)
* Telekom Austria Cut to Hold at Erste Group; PT 8.70 euros
* Tobii Cut to Hold at ABG; PT 6 kronor
* Tullow Cut to Sell at Stifel; PT 31 pence
* Vetoquinol Cut to Add at IDMidcaps; PT 110 euros (++)

>>> Initiation
* Solutions 30 Rated New Buy at Marex; PT 6 euros (++)

>>> Call
* Bayer Cut to Underperform at BofA on Litigation, Cut Dividend (+)
* EFG International Raised, Baer Risk-Reward Positive, Citi Says
* JCDecaux Organic Growth Beat Should Be Well Received, Citi Says
* Kion Upgraded at BNPP Exane on More Positive ITS Unit View (+)
* Remy’s Glum Guidance Is Factored Into Estimates: Morgan Stanley (+)
* Rightmove Raised, Scout24 Rating Downgraded at Morgan Stanley
* Salvatore Ferragamo Posts Slight Beat on Revenue: Street Wrap