>>> Europe : Brokers Upgrades & Downgrades - 3rd of June 2024

>>> Up
* Acciona Energia Raised to Equal-Weight at Morgan Stanley
* Avanza Raised to Equal-Weight at Barclays; PT 260 kronor
* BBVA Raised to Buy at AlphaValue/Baader
* CapMan Raised to Accumulate at Inderes; PT 2.20 euros
* D'Ieteren Raised to Add at AlphaValue/Baader
* Eiffage Raised to Buy at Goldman; PT 132 euros
* Equasens Raised to Buy at Stifel; PT 83 euros
* Ferrari Raised to Reduce at AlphaValue/Baader
* Getlink Raised to Outperform at Oddo BHF
* Great Portland Raised to Buy at Goldman; PT 430 pence
* National Grid Raised to Buy at Citi; PT 985 pence
* Quilter Raised to Overweight at JPMorgan; PT 135 pence
* Ricardo Raised to Buy at Berenberg

>>> Down
* Calliditas Therapeutics Cut to Hold at SEB Equities
* Commerzbank Cut to Neutral at Citi; PT 15.80 euros
* Eiffage Cut to Neutral at Oddo BHF
* HKFoods Oyj Rated New Reduce at Inderes; PT 65 euro cents
* Novartis Rated New Buy at China Merchants; PT 119 Swiss francs
* Novartis ADRs Rated New Buy at China Merchants; PT $120

>>> Call
* Acciona Energia Raised at Morgan Stanley, Risks Now More Limited
* National Grid Offers Attractive Set-Up, Raised to Buy at Citi
*Italian Banking Sector May See Further Consolidation, Citi Says