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

>>> Up
* Anglo American Raised to Equal-Weight at Morgan Stanley
* Dustin Raised to Buy at Handelsbanken
* Ericsson Raised to Buy at DNB Markets; PT 80 kronor
* Fabege Raised to Hold at ABG; PT 80 kronor
* Klarabo Sverige Raised to Buy at ABG; PT 16 kronor
* Novartis Raised to Outperform at Oddo BHF; PT 105 Swiss francs
* Philip Morris Raised to Overweight at JPMorgan; PT $116
* Platzer Raised to Buy at ABG; PT 90 kronor
* SSAB Raised to Neutral at JPMorgan; PT 67 kronor
* SunPower Raised to Neutral at Goldman; PT $13
* Tele2 Raised to Outperform at Exane; PT 115 kronor
* Telefonica Raised to Outperform at Exane; PT 4.40 euros
* Wallenstam Raised to Hold at ABG; PT 40 kronor
* Wihlborgs Raised to Buy at ABG; PT 80 kronor

>>> Down
* Atlantic Sapphire ASA Cut to Hold at Arctic Securities
* Boliden Cut to Underweight at Morgan Stanley; PT 335 kronor
* CMC Markets Cut to Hold at Jefferies, May Have Lost Market Share
* KPN Cut to Neutral at Exane; PT 3.50 euros
* Paradox Interactive Cut to Hold at Handelsbanken
* Salzgitter Cut to Underweight at Morgan Stanley; PT 34.60 euros
* Schwab Cut to Equal-Weight at Morgan Stanley; PT $68
* Southern Copper Cut to Equal-Weight at Morgan Stanley; PT $70
* Tele2 Cut to Sell at Handelsbanken
* Telefonica Deutschland Cut to Underperform at Exane

>>> Initiation
* Cadeler Rated New Buy at Danske Bank Markets; PT 50 kroner
* Everfuel Resumed Buy at Nordea; PT 85 kroner
* Reply Started Buy at Berenberg With Prospects Never Stronger
* SAP ADRs Rated New Buy at President Capital Management; PT $150

>>> Call
* European Mining Sector Risk/Reward Improved on Pullback, MS Says
* BofA’s Subramanian Calls Cash ‘Compelling Alternative’ to Stocks
* Tritax Big Box to Remain Resilient, Berenberg Raises to Buy