>>> Europe : Brokers Upgrades & Downgrades - 28th of February 2024

>>> Up
* BCP Raised to Outperform at Oddo BHF; PT 41 euro cents
* Duerr Raised to Buy at Quirin Privatbank AG; PT 29 euros
* Genus Raised to Buy at Investec; PT 2,309 pence
* Mapfre Raised to Add at AlphaValue/Baader
* Mercedes Raised to Buy at Jefferies; PT 100 euros
* Zurich Insurance Upgraded to Buy at Berenberg on Pricing Trends

>>> Down
* Deutsche PBB PT Cut to 3.50 euros at Bankhaus Metzler
* Direct Line Cut to Neutral at Citi; PT 162 pence
* Inditex Cut to Hold at Bestinver; PT 44.50 euros
* LeadDesk Cut to Accumulate at Inderes; PT 9.20 euros
* Seacrest Petroleo Bermuda Cut to Neutral at Banco BTG Pactual
* Seacrest Petroleo Bermuda Cut to Hold at Pareto Securities

>>> Initiation
* Baltic Classifieds Group Rated New Hold at Jefferies
* Elopak Rated New Buy at Arctic Securities; PT 38 kroner
* LendInvest Rated New Hold at Investec; PT 28 pence
* Sonova Rated New Hold at Equita; PT 300 Swiss francs

>>> Call
* Mercedes Raised at Jefferies on Credible Cash Distribution Plan