>>> Europe : Brokers Upgrades & Downgrades - 30th of January 2023

>>> Up
* Amundi Raised to Buy at Deutsche Bank; PT 72 euros
* Atlas Copco Raised to Reduce at AlphaValue/Baader
* Auto Trader Raised to Overweight at Barclays; PT 725 pence
* Colgate-Palmolive Raised to Overweight at Morgan Stanley; PT $82
* HeidelbergCement Raised to Buy at HSBC; PT 68 euros
* H&M Raised to Buy at Deutsche Bank; PT 150 kronor
* J. Martins Raised to Add at AlphaValue/Baader
* Moneysupermarket Raised to Overweight at Barclays; PT 270 pence
* Netflix Raised to Buy at Masterlink Securities
* Snap Raised to Buy at CFRA on Cost Cuts, Engagement Levels
* Tesla Upgraded to Buy at Berenberg, BMW and GM Downgraded

>>> Down
* AUTO1 Cut to Equal-Weight at Barclays; PT 8.80 euros
* BMW Cut to Hold at Berenberg; PT 95 euros
* Castellum Cut to Underweight at JPMorgan; PT 140 kronor
* General Motors Cut to Hold at Berenberg; PT $41
* HelloFresh Cut to Equal-Weight at Barclays; PT 25.50 euros
* Hexpol Cut to Hold at DNB Markets; PT 120 kronor
* Instalco AB Cut to Hold at SEB Equities; PT 45 kronor
* Lulu's Cut to Sector Weight at KeyBanc
* Microsoft Cut to Hold at Fundamental Research; PT $259.47
* Partners Group Cut to Hold at Deutsche Bank
* Rentokil Cut to Hold at Numis; PT 470 pence
* Seplat Energy Cut to Neutral at FBNQuest; PT 229.13 pence

>>> Initiation
* BioMarin Rated New Market Perform at BMO; PT $107
* Brenntag Rated New Overweight at Morgan Stanley; PT 85 euros
* Cloudberry Clean Energy Rated New Neutral at SpareBank

>>> Call
* JPMorgan Turning More Cautious on European Property Near-Term
* Morgan Stanley’s Wilson Says Don’t Buy the Rally as Fed Looms
* SGS Margin Outlook at Risk, Cut to Underweight at Morgan Stanley
* Sinch Re-Rating Has Gone Too Far, Morgan Stanley Downgrades
* Tesla Upgraded to Buy at Berenberg, BMW and GM Downgraded