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

>>> Up
* Accor Raised to Neutral at Goldman; PT 35 euros
* Alfa Laval Raised to Buy at DNB Markets; PT 435 kronor
* Aviva Raised to Buy at HSBC; PT 480 pence
* Belimo Raised to Buy at Stifel; PT 475 Swiss francs
* Carnival Raised to Buy at Jefferies; PT $25
* Drax Raised to Outperform at Credit Suisse; PT 760 pence
* Fastned GDRs Raised to Buy at Jefferies; PT 42 euros
* Frontline PLC Raised to Buy at Deutsche Bank; PT $17
* Gore Street Energy Storage Fund/The Raised to Buy at Liberum
* Nvidia Raised to Outperform at Daiwa; PT $475
* PGS Raised to Hold at SEB Equities; PT 6 kroner
* Sdcl Energy Efficiency Income Trust Raised to Buy at Liberum
* SocGen Raised to Buy at Deutsche Bank; PT 34 euros
* Steico Raised to Overweight at Morgan Stanley; PT 45 euros
* Triple Point Energy Transition Raised to Buy at Liberum

>>> Down
* Aquila European Renewables Cut to Hold at Liberum; PT 1 euro
* Arbonia Cut to Hold at Stifel; PT 11.25 Swiss francs
* B&M European Cut to Neutral at BNPP Exane; PT 600 pence
* Ebusco Holding Cut to Hold at Jefferies; PT 8 euros
* Kapsch TrafficCom Cut to Hold at Erste Group; PT 12.50 euros

>>> Initiation
* Nordex Reinstated Buy at Deutsche Bank; PT 17 euros
* Smiths Rated New Hold at HSBC; PT 1,860 pence

>>> Call
* Material-Sector Valuation Back to Neutral, Hides Some Divergence