>>> Europe : Brokers Upgrades & Downgrades - 31th of October 2023 V2(+)

>>> Up
* Bakkafrost Raised to Buy at Nordea; PT 550 kroner
* Demant Raised to Hold at Jyske Bank; PT 290 kroner (+)
* ERO Copper Raised to Buy at PI Financial; PT C$25
* Eurofins Scientific Raised to Market Perform at Bernstein
* Evonik Raised to Buy at On Field; PT 22 euros (+)
* Fiera Milano Raised to Buy at Equita; PT 3.30 euros (+)
* Rolls-Royce Raised to Overweight at Barclays; PT 270 pence
* Smith & Nephew Raised to Buy at HSBC; PT 1,220 pence
* SR-Bank Raised to Buy at SEB Equities; PT 135 kroner
* THG PLC Raised to Buy at HSBC; PT 100 pence
* Viant Raised to Outperform at Raymond James (+)

>>> Down
* Euronav Cut to Neutral at JPMorgan
* First Quantum Minerals Cut to Neutral at Eight Capital; PT C$31
* Galp Cut to Hold at SocGen; PT 15 euros
* InterContinental Hotels Cut to Underweight at JPMorgan
* Kering Cut to Neutral at Goldman; PT 470 euros
* Kerry Group Cut to Equal-Weight at Morgan Stanley; PT 80 euros
* Pepco Group Cut to Hold at HSBC; PT 20 zloty
* STMicroelectronics ADRs Cut to Neutral at Baird; PT $35
* WH Smith Cut to Add at Peel Hunt; PT 1,500 pence

>>> Initiation
* Adyen Reinstated Underweight at Wells Fargo; PT 650 euros
* Assura Re-Initiated Buy at Berenberg
* Gym Group Reinstated Buy at Investec; PT 180 pence
* LXI REIT Plc Rated New Hold at Berenberg
* Primary Health Re-Initiated Buy at Berenberg
* Sandoz Group Rated New Hold at Bank Vontobel; PT 30 Swiss francs (+)
* Smartoptics Group Rated New Buy at SEB Equities; PT 24 kroner
* Supermarket Income Re-Initiated Hold at Berenberg
* Tritax Big Box Re-Initiated Buy at Berenberg
* Value & Indexed Property Income Trust Rated New Buy at Berenberg
* Wiit Rated New Outperform at Mediobanca SpA; PT 20 euros

>>> Call
* Eurofins Upgraded at Bernstein With Risks Now Better Represented
* Kerry Downgraded at Morgan Stanley, Volume Growth Not a Given
* WH Smith Cut to Add at Peel Hunt, Short-Term ‘Less Exciting’