>>> Europe : Brokers Upgrades & Downgrades - 2nd January 2024

>>> Up
* EasyJet Raised to Neutral at Citi; PT 560 pence
* Hilton Grand Vacations Raised to Buy at Jefferies; PT $50
* Park Hotels Raised to Buy at Jefferies; PT $21
* Travel + Leisure Co Raised to Buy at Jefferies; PT $57

>>> Down
* Apple Cut to Underweight at Barclays on Weak IPhone Trends
* Choice Hotels Cut to Underperform at Jefferies; PT $96
* Estee Lauder Cut to Hold at Deutsche Bank; PT $146
* Lufthansa Cut to Sell at Citi; PT 6.60 euros
* Simply Good Foods Cut to Hold at Deutsche Bank; PT $42

>>> Inititation
* AB InBev ADRs Rated New Neutral at Haitong Intl; PT $69
* Lemon Sistemi Rated New Buy at Banca Finnat Euramerica
* Nike Rated New Outperform at Haitong Intl; PT $118.70
* Symrise Rated New Overweight at Guotai Junan Sec

>>> Call
* Grifols Jumps; Morgan Stanley Says Deal Valuation is Favorable