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

>>> Up
* AbbVie Raised to Overweight at Barclays; PT $170
* BFF Bank Raised to Accumulate at Banca Akros (+)
* Bonheur Raised to Buy at ABG; PT 230 kroner (+)
* Coloplast Raised to Hold at HSBC; PT 700 kroner
* Danske Bank Raised to Hold at SocGen; PT 164 kroner
* Dassault Systemes Raised to Overweight at JPMorgan; PT 46 euros
* Eastman Chemical Raised to Overweight at JPMorgan; PT $90
* Electrolux Raised to Neutral at JPMorgan; PT 96 kronor
* Enento Group Raised to Buy at SEB Equities; PT 19 euros
* Enento Group Raised to Buy at Inderes; PT 21 euros
* Femsa ADRs Raised to Overweight at Barclays; PT $130
* Iberdrola Raised to Buy at SocGen; PT 11.80 euros (+)
* Jenoptik Raised to Buy at Stifel; PT 30 euros
* Kuehne + Nagel Raised to Outperform at ZKB (+)
* Meta Platforms Raised to Buy at Phillip Secs; PT $375
* Metso Raised to Buy at Inderes; PT 10.50 euros
* MTU Aero Raised to Buy at SocGen; PT 210 euros
* NatWest Cut to Underperform at Jefferies; PT 150 pence
* Novozymes Raised to Buy at Deutsche Bank; PT 350 kroner
* Otovo Cut to Hold at Fearnley; PT 3.30 kroner (+)
* Rightmove Raised to Buy at Berenberg; PT 605 pence
* Siegfried Raised to Buy at Stifel; PT 800 Swiss francs
* SKF Raised to Hold at Nordea; PT 160 kronor (+)
* Stockmann Raised to Buy at Inderes; PT 2.80 euros
* Stratec Raised to Buy at Hauck & Aufhaeuser; PT 50 euros (+)
* Suominen Raised to Reduce at Inderes; PT 2.60 euros
* Sweco Raised to Buy at SEB Equities; PT 115 kronor
* Vale ADRs Raised to Buy at Citi; PT $16

>>> Down
* AJ Bell Cut to Neutral at Citi
* Bergen Carbon Solutions Cut to Hold at Norne Securities (+)
* BNP Paribas Cut to Hold at DZ Bank; PT 59 euros
* Datadog Cut to Neutral at Baird; PT $84
* Electrolux Cut to Hold at SEB Equities; PT 96 kronor
* Lundin Mining Cut to Hold at Pareto Securities; PT C$9.55 (+)
* Mercedes Cut to Hold at Stifel; PT 65 euros
* NatWest Cut to Hold at SocGen; PT 190 pence (+)
* Newell Brands Cut to Neutral at JPMorgan; PT $7
* Norden Cut to Hold at SEB Equities; PT 420 kroner
* Remy Cointreau Cut to Hold at Stifel; PT 115 euros
* Salmones Camanchaca GDRs Cut to Hold at Arctic Securities
* Sanofi Cut to Hold at Stifel; PT 95 euros
* Sanofi Cut to Hold at Intron Health; PT 100 euros
* SKF Cut to Hold at Deutsche Bank
* Tecnotree Cut to Reduce at Inderes; PT 42 euro cents
* Xilam Animation Cut to Neutral at Euroland Corporate; PT 8 euros (+)

>>> Initiation
* Abrdn Global Infrastructure Income Fund Rated New Buy at Stifel
* IMI Reinstated Hold at Liberum; PT 1,600 pence
* Mandatum Rated New Outperform at KBW; PT 4.20 euros
* Michelin Rated New Hold at Intesa Sanpaolo; PT 31.80 euros (+)
* Opap Reinstated Overweight at Euroxx Securities; PT 18.80 euros (+)
* Renishaw Rated New Buy at Liberum; PT 3,900 pence
* Rotork Reinstated Hold at Liberum; PT 320 pence
* Smiths Reinstated Buy at Liberum; PT 2,150 pence
* Weir Reinstated Buy at Liberum; PT 2,500 pence

>>> Call
* AJ Bell Downgraded to Neutral at Citi on Increased Margin Risks
* Danske CEO Says ‘Muddy’ Outlook Drove Provisions Higher: Borsen
* Goldman Says Souring US Growth Views May Create Stocks Bargains
* JPMorgan’s Matejka Advises Shorting European Banks After Rally
* Lar Espana RE Socimi Rated New Buy at Mirabaud Securities (+)
* Morgan Stanley’s Wilson Sees Year-End Stock Rally as Unlikely
* NatWest Double-Downgraded at Jefferies on Lower Capital Returns
* Pearson Upgrades Profit Guidance and Launches Buyback Program (+)
* Pessimistic Tone in S&P 500 Earnings Is ‘Striking,’ RBC Says
* Rightmove Competition Concerns Overdone, Berenberg Upgrades
* Sanofi’s Equity Story Now Higher-Risk, Cut to Hold at Intron