>>> Europe : Brokers Upgrades & Downgrades - 3rd of April 2023

>>> Up
* Anglo American Raised to Overweight at Barclays; PT 3,250 pence
* Chrysalis Investments Raised to Hold at Stifel
* Implenia Raised to Buy at Kepler Cheuvreux; PT 43 Swiss francs
* InPost Raised to Buy at Erste Group; PT 8.21 euros

>>> Down
* ArcelorMittal Cut to Equal-Weight at Barclays; PT 31 euros
* Cancom Cut to Hold at Deutsche Bank
* DiaSorin SpA Cut to Reduce at Kepler Cheuvreux; PT 93 euros
* First Solar Cut to Underweight at Morgan Stanley; PT $200
* High-End Travelers Rein In Spending, Balk at Prices: MLIV Pulse

>>> Initiation
* Atlas Energy Solutions Rated New Outperform at RBC; PT $25
* Balder Reinstated Buy at Danske Bank Markets; PT 60 kronor
* Borregaard Re-Initiated Hold at Handelsbanken
* Dunelm Rated New Hold at Shore Capital
* Enphase Energy Rated New Equal-Weight at Morgan Stanley; PT $268
* *PLUG POWER CUT TO EQUAL-WEIGHT VS OVERWEIGHT AT MORGAN STANLEY
* Siemens Energy Reinstated Overweight at Morgan Stanley
* Sunnova Energy Rated New Overweight at Morgan Stanley; PT $35
* TMP Group Rated New Buy at Banca Profilo; PT 16.50 euros
* Verbund Rated New Equal-Weight at Morgan Stanley; PT 73 euros
* Wallenstam Rated New Hold at Danske Bank Markets; PT 42 kronor
* Wavestone Rated New Buy at Stifel; PT 55 euros

>>> Call
* BofA Sees ‘Ample’ Small-Cap Opportunities for Stock Pickers
* Dunelm New Hold at Shore, Valuation Reflects the Growth Outlook
* GS STRATEGISTS CUT EUROPEAN TELECOM STOCKS TO NEUTRAL
* GS STRATEGISTS RAISE EUROPEAN TECHNOLOGY STOCKS TO OVERWEIGHT
* JPMorgan Raises European Staples to Overweight from Underweight - Citing valuations are getting less challenging, and the sector could see an opportunity should the market tone shift more defensive
* Siemens Energy Rated Overweight at MS on ‘Power Boom’ Upside
* Verbund’s Hydro Appeal Already in Shares, MS Starts Equal-Weight