>>> Europe : Brokers Upgrades & Downgrades - 31st of August 2023

>>> Up
* 3M Co Raised to Equal-Weight at Morgan Stanley; PT $113
* ASMI Raised to Equal-Weight at Barclays; PT 415 euros
* BE Semiconductor Raised to Equal-Weight at Barclays
* *Heineken Raised to Sector Perform From Underperform by RBC, Target Raised to EUR87 From EUR78
* Marriott Intl PT Raised to $225 from $175 at Citi
* Opap Raised to Overweight at JPMorgan; PT 19.50 euros

>>> Down
* Johnson Matthey Cut to Add at AlphaValue/Baader
* Orsted Raised to Hold at DNB Markets; PT 430 kroner
* Orsted Cut to Hold at Nordea
* Palantir Cut to Underweight at Morgan Stanley; PT $9
* Tamtron Group Cut to Accumulate at Inderes; PT 6.20 euros
* Victoria's Secret Cut to Equal-Weight at Wells Fargo; PT $18

>>> Initiation
* AFC Energy Rated New Outperform at RBC; PT 40 pence
* Aixtron Reinstated Overweight at Barclays; PT 42 euros
* AMS-Osram Reinstated Underweight at Barclays; PT 6 Swiss francs
* NIOX GROUP PLC Rated New Add at Numis; PT 80 pence
* Nordic Semiconductor Rated New Underweight at Barclays
* SOITEC Rated New Equal-Weight at Barclays; PT 180 euros
* SynAct Pharma Rated New Buy at DNB Markets; PT 170 kronor
* Volution Rated New Buy at Investec; PT 410 pence
* Xtpl Rated New Buy at Erste Group; PT 216 zloty

>>> Call
* AFC Energy Set For Substantial Growth, New Outperform at RBC
* Citi Optimistic on Onshore Wind, Offshore Industry Needs Reset
* CMC Markets Gets Only Sell as Jefferies Sees ‘Habitual’ Warnings