>>> Europe : Brokers Upgrades & Downgrades - 3rd of November 2023 V2(+)

>>> Up
* Airbnb Raised to Buy at Phillip Secs; PT $157
* Andritz Raised to Overweight at JPMorgan; PT 60 euros
* Anglo American Raised to Outperform at Oddo BHF; PT 2,550 pence (+)
* Chr. Hansen Raised to Overweight at Barclays; PT 555 kroner
* Cordiant Digital Infrastructure/Fund Raised to Buy at Jefferies
* Fortum Raised to Buy at SEB Equities; PT 14.50 euros
* Hexagon Raised to Buy at Nordea; PT 124 kronor
* ISS Raised to Hold at Jefferies; PT 105 kroner
* Kering Raised to Buy at Deutsche Bank; PT 540 euros
* Moderna Raised to Hold at HSBC; PT $69
* Novozymes Raised to Overweight at Barclays; PT 364 kroner
* Relais Group Raised to Buy at Inderes; PT 15.50 euros
* Scatec Raised to Hold at DNB Markets; PT 62 kroner
* Smith & Nephew Raised to Overweight at JPMorgan; PT 1,248 pence
* Uber Raised to Overweight at KeyBanc; PT $60

>>> Down
* Accor Cut to Equal-Weight at Barclays; PT 33 euros
* BCP Cut to Neutral at Oddo BHF; PT 40 euro cents
* BCP Cut to Neutral at Oddo BHF; PT 40 euro cents (+)
* Estee Lauder Cut to Hold at Berenberg; PT $118
* Integrated Wind Solutions Cut to Neutral at SpareBank (+)

>>> Initiation
* Amazon Rated New Buy at William O'Neil
* Auto Trader Reinstated Buy at Panmure Gordon; PT 695 pence
* Richemont Reinstated Buy at Investec; PT 130.60 Swiss francs
* Yubico Rated New Buy at SEB Equities; PT 128 kronor

>>> Call
* Citi’s Manthey Says European Stocks’ Implied Volatility Is Low (+)
* JPMorgan Strategists Say Earnings Weakness Due to Commodities