>>> Europe : Brokers Upgrades & Downgrades - 26th of June 2023

>>> Up
* Cranswick Raised to Outperform at RBC; PT 4,000 pence
* Endesa Raised to Equal-Weight at Morgan Stanley; PT 23 euros
* Hypoport Raised to Neutral at BNPP Exane; PT 160 euros
* NN Group Raised to Overweight at JPMorgan; PT 47 euros
* Pandox Raised to Buy at ABG; PT 130 kronor
* Whitbread Raised to Add at AlphaValue/Baader

>>> Down
* Lloyds Cut to Underweight at JPMorgan; PT 42 pence
* M&G Cut to Hold at HSBC; PT 210 pence
* Opdenergy Cut to Equal-Weight at Barclays; PT 6.10 euros
* Siemens Energy Cut to Neutral at Citi; PT 18 euros
* Siemens Energy Cut to Hold at Jefferies; PT 16.50 euros
* Tesla Cut to Neutral at Goldman; PT $248
* Viaplay Cut to Underperform at Jefferies; PT 50 kronor

>>> initiation
* Aryzta Rated New Buy at Stifel; PT 2 Swiss francs
* Bachem Rated New Sell at Citi; PT 74 Swiss francs
* Italian Design Brands Rated New Buy at Citi; PT 14.30 euros
* On The Beach Rated New Buy at Shore Capital
* PolyPeptide Group Rated New Neutral at Citi; PT 23 Swiss francs
* Sartorius Rated New Buy at Citi; PT 375 euros

>>> Call
* Endesa Loses Last Sell as Morgan Stanley Upgrades on Momentum
* Sartorius, Lonza Top Life Sciences Picks at Citi, Bachem Sell
* Viaplay Downgraded at Jefferies on Further Downside Risks