>>> Europe : Brokers Upgrades & Downgrades - 3rd of May 2023 V3(++)

>>> Up
* Ageas Raised to Buy at ING; PT 50 euros
* Amplifon Raised to Accumulate at Banca Akros (+)
* Belships Raised to Buy at Norne Securities; PT 25 kroner (+)
* BioMerieux Raised to Hold at HSBC; PT 90 euros
* Caltagirone Raised Mediobanca Stake to 9.9%: Stampa
* Camurus Raised to Buy at Carnegie; PT 315 kronor (++)
* Collector Bank Raised to Buy at DNB Markets; PT 40 kronor
* Elmos Semiconductor Raised to Buy at M.M. Warburg (+)
* Globalstar Raised to Equal-Weight at Morgan Stanley; PT 97 cents
* HSBC Raised to Buy at Berenberg; PT 780 pence
* Molson Coors Raised to Neutral at JPMorgan; PT $64
* Permascand Top Holding Raised to Buy at ABG; PT 25 kronor
* Richemont PT Raised to 185 Swiss francs at HSBC
* Saab Raised to Buy at Kepler Cheuvreux; PT 647 kronor (+)
* Stabilus Raised to Buy at SocGen; PT 65 euros (++)
* TUI Raised to Buy at HSBC; PT 9.10 euros
* Vaisala Raised to Buy at Evli Bank (++)

>>> Down
* BP Cut to Hold at DZ Bank; PT 550 pence (++)
* Campari Cut to Accumulate at Banca Akros (+)
* Dormakaba Cut to Neutral at Credit Suisse; PT 447 Swiss francs
* Flutter Cut to Hold at Peel Hunt (++)
* Kingfish Cut to Hold at Arctic Securities; PT 11 kroner (+)
* Logitech Cut to Sell at UBS; PT 43 Swiss francs (++)
* Majorel Cut to Neutral at Citi; PT 30 euros (++)
* Nemetschek Cut to Reduce at Baader Helvea; PT 73 euros
* Ordissimo Cut to Accumulate at Euroland Corporate; PT 1.50 euros (++)
* SBB Cut to Hold at Pareto Securities; PT 16 kronor (+)
* Vilmorin Cut to Hold at Gilbert Dupont; PT 62.60 euros (++)

>>> Initiation
* Alfen Rated New Accumulate at KBC Securities; PT 83 euros (+)
* Basilea Rated New Buy at Baader Helvea; PT 57.70 Swiss francs
* Eni Maintained at Neutral at Intermonte; PT 15 euros
* Porvair Rated New Buy at Investec; PT 800 pence (+)
* Stainless Tankers Rated New Buy at Fearnley; PT 67 kroner (++)
* Titan Cement Rated New Buy at Kepler Cheuvreux; PT 20 euros (++)

>>> Call
* Ambu’s Soft Organic Growth Disappointing, Handelsbanken Says
* Citi’s Wealth Unit Adds Asia Stocks, Sells US on Growth Outlook (+)
* Colruyt Guidance Raise Importantly Driven by Cost Savings: MS
* Dormakaba Cut at Credit Suisse on Margin Expansion Pessimism
* Economic Outlook to Support Europe Stocks, HSBC’s Stanford Says (+)
* HSBC Raised at Berenberg With Structural Attractions Undervalued
* Morgan Stanley, UBS Pick Bonds Over Stocks on Recession Risk
* Nemetschek Downgraded at Baader as Good Momentum Set to Slow
* Neoen’s Guidance Clarification Is Encouraging: Morgan Stanley
* Oerlikon Delivers Results Ahead of Soft Expectations, RBC Says
* Pandora 1Q Results Beat Estimates, Helped by UK Sales: RBC (+)
* Sinch Loses Only Sell as Morgan Stanley Upgrades After De-Rating