>>> Europe : Brokers Upgrades & Downgrades - 3rd of November 2022

>>> Up
* Kion Raised to Buy at Kepler Cheuvreux; PT 30 euros (Yesterday)
* Kongsberg Raised to Neutral at SpareBank; PT 390 kroner
* Raisio Raised to Buy at Nordea; PT 2.40 euros
* Sinch Raised to Buy at ABG; PT 60 kronor

>>> Down
* Altice USA Cut to Hold at Pivotal; PT $5
* Bakkafrost Cut to Hold at DNB Markets; PT 525 kroner
* Estee Lauder PT Cut to $255 from $275 at Stifel
* Fielmann Cut to Neutral at Oddo BHF; PT 33 euros
* ICADE Cut to Sell at Citi; PT 21.30 euros
* L'Oreal PT Cut to 280 euros from 300 euros at Jefferies
* Nexans Cut to Underperform at BofA; PT 82 euros (Yesterday)
* Thyssenkrupp Cut to Hold at Deutsche Bank; PT 7.50 euros

>>> Initiation
* Heidelberg Materials Reinstated Hold at Deutsche Bank
* Manz Reinstated Hold at Stifel; PT 30 euros
* Tullow Reinstated Buy at Peel Hunt; PT 80 pence

>>> Call
* Icade Cut to Sell at Citi on Potential For Further Downside
* L’Oreal PT a Street-Low at Jefferies on ‘Lackluster’ Start to 2H