>>> Europe : Brokers Upgrades & Downgrades - 30th of May 2023 V2(+)

>>> Up
* Austevoll Seafood Raised to Buy at Fearnley; PT 113 kroner (+)
* Asos Raised to Hold at Liberum; PT 470 pence (+)
* Boston Beer Raised to Buy at Roth MKM; PT $386
* Coface PT Raised to 17.20 euros from 16.80 euros at Berenberg
* Constellation Brands Raised to Buy at Roth MKM; PT $270
* Ford Raised to Buy at Jefferies; PT $16
* Grieg Seafood Raised to Buy at Fearnley; PT 105 kroner (+)
* Golden Ocean Raised to Neutral at SpareBank; PT 80 kroner
* Nestle PT Raised to 98 Swiss francs from 95 Swiss francs at RBC
* Siltronic Raised to Buy at Jefferies; PT 95 euros

>>> Down
* Buzzi SpA Cut to Hold at Bestinver
* Dr Martens Cut to Sector Perform at RBC; PT 180 pence
* EDP Renovaveis Cut to Neutral at JPMorgan; PT 22 euros
* Millicom GDRs Cut to Equal-Weight at Barclays; PT 195 kronor
* Nexity Cut to Sell at AlphaValue/Baader
* Skanska PT Cut to 132 kronor from 154 kronor at Jefferies

>>> Initiation
* Allfunds Rated New Outperform at Oddo BHF; PT 9 euros (+)
* Catella Rated New Buy at DNB Markets; PT 40 kronor
* Exor Rated New Buy at ING; PT 107 euros
* Kontron Rated New Buy at Erste Group; PT 24.50 euros
* Orange Resumed Neutral at Citi; PT 12.15 euros

>>> Call
* Dr Martens Cut to Sector Perform at RBC on Near-Term Challenges
* Fertilizer Stock Price Targets Cut at MS on Negative Risk Skew (+)
* Nestle CFO Departure a Disappointment to Jefferies Analysts (+)
* Orange Long-Term Attractions Intact, Areas of Uncertainty: Citi
* Siltronic Raised to Buy at Jefferies With Negatives Priced In
* Skanska PT, Estimates Cut at Jefferies With Further Risks Ahead
* Unilever CFO Exit Helps Provide Scope for Fresh Start, RBC Says (+)