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

>>> Up
* Adevinta Raised to Neutral at BNPP Exane; PT 105 kroner
* Barclays Raised to Overweight at Morgan Stanley; PT 230 pence
* Britvic Raised to Buy at Peel Hunt; PT 1,000 pence
* DraftKings Raised to Overweight at JPMorgan; PT $37
* Elekta Raised to Buy at SEB Equities; PT 86 kronor
* Prada Raised to Overweight at Morgan Stanley; PT HK$58
* Siltronic Raised to Buy at Stifel; PT 111 euros
* Technip Energies Raised to Add at AlphaValue/Baader
* TF Bank Raised to Buy at ABG; PT 175 kronor

>>> Down
* Africa Oil Cut to Neutral at SpareBank; PT C$3.65
* ERG Cut to Reduce at AlphaValue/Baader
* Italgas Cut to Underweight at Morgan Stanley; PT 5.40 euros
* MOL Cut to Neutral at Citi; PT 2,900 forint
* Nordnet Cut to Equal-Weight at Morgan Stanley; PT 151 kronor
* Prada downgraded to Neutral from Buy at BofA
* Richemont Cut to Equal-Weight at Morgan Stanley

>>> Initiation
* AJ Bell Rated New Underweight at Morgan Stanley
* Barratt Rated New Sector Perform at RBC; PT 550 pence
* Bellway Rated New Outperform at RBC
* Berkeley Rated New Sector Perform at RBC; PT 4,950 pence
* Cie Plastic Omnium SE Reinstated Buy at SocGen; PT 19.60 euros
* Crest Nicholson Rated New Underperform at RBC; PT 205 pence
* Match Group Rated New Hold at HSBC; PT $47.10
* MJ Gleeson Rated New Outperform at RBC; PT 575 pence
* Persimmon Rated New Sector Perform at RBC; PT 1,300 pence
* Redrow Rated New Outperform at RBC; PT 825 pence
* Snap Rated New Reduce at HSBC; PT $7.50
* Taylor Wimpey Rated New Sector Perform at RBC; PT 145 pence
* Vistry Group Rated New Underperform at RBC; PT 875 pence

>>> Call
* Bellway, Redrow Among Preferred UK Building Stocks at RBC
* Britvic Raised to Buy at Peel Hunt on Long-Term Opportunity
* Prada Drops After BofA Downgrades to Neutral on Demand Concerns