>>> Europe : Brokers Upgrades & Downgrades - 28th of September 2023 V2(+)

>>> Up
* Bpost Raised to Buy at KBC Securities; PT 6.90 euros
* Elisa Raised to Hold at HSBC; PT 46 euros
* Lemonsoft Raised to Accumulate at Inderes; PT 6.40 euros
* NextEra Energy Raised to Buy at CFRA
* Redeia Corp SA Raised to Overweight at Barclays; PT 18 euros
* Severn Trent Raised to Overweight at Barclays; PT 3,360 pence
* Solaria Energia Raised to Overweight at Barclays; PT 21 euros
* Talanx Raised to Buy at Berenberg; PT 69 euros

>>> Down
* Beneteau Cut to Add at Gilbert Dupont; PT 15 euros (+)
* Capricorn Energy Cut to Add at AlphaValue/Baader
* Central Asia Metals Cut to Hold at Halyk Finance; PT 223 pence
* Cogelec SACA Cut to Hold at TP ICAP Midcap; PT 8.20 euros (+)
* CTS Eventim Rated New Buy at SocGen; PT 65 euros
* Engie Cut to Equal-Weight at Barclays; PT 18 euros
* H&M Cut to Hold at Deutsche Bank; PT 175 kronor
* Naturgy Cut to Underweight at Barclays
* Nexstim Cut to Reduce at Inderes; PT 3 euros (+)
* United Utilities Cut to Equal-Weight at Barclays; PT 1,290 pence
* Voltalia Cut to Neutral at Oddo BHF (+)
* Zoo Digital Group Cut to Hold at Stifel; PT 90 pence (+)

>>> Initiation
* AB InBev ADRs Rated New Outperform at Cowen; PT $67
* Alfen Rated New Neutral at BNPP Exane; PT 45 euros
* Argenx Rated New Outperform at Oddo BHF; PT 600 euros
* BAT ADRs Rated New Market Perform at Cowen; PT $33
* Diageo ADRs Rated New Market Perform at Cowen; PT $152
* Fastned GDRs Rated New Outperform at BNPP Exane; PT 38 euros
* Fortum Reinstated Overweight at Barclays
* Galapagos Rated New Neutral at Oddo BHF; PT 44 euros
* Hemnet Rated New Buy at Pareto Securities; PT 220 kronor
* Imperial Brands ADRs Rated New Market Perform at Cowen; PT $25
* Jumbo Rated New Equal-Weight at Morgan Stanley; PT 29 euros
* Kempower Rated New Outperform at BNPP Exane; PT 64 euros
* Macfarlane Rated New Buy at Berenberg; PT 145 pence
* National Grid Reinstated Overweight at Barclays
* Uniper Reinstated Underweight at Barclays

>>> Call
* Bpost Gets Only Buy Rating as KBC Sees Better Visibility Ahead (+)
* European Utilities With Generation Exposure Favored at Barclays
* National Grid Overweight at Barclays, Pennon Top UK Water Pick
* Talanx Raised to Buy at Berenberg on Outstanding Business Model