>>> Europe : Brokers Upgrades & Downgrades - 4th of April 2023 V2(+)

>>> Up
* Adevinta Raised to Buy at Citi; PT 93 kroner
* Auto Trader Raised to Neutral at JPMorgan; PT 630 pence
* Comcast Raised to Overweight at KeyBanc; PT $44
* Enento Group Raised to Buy at SEB Equities; PT 22 euros
* ERG Raised to Equal-Weight at Morgan Stanley; PT 29 euros
* Evotec SE Raised to Equal-Weight at Morgan Stanley; PT 22 euros
* Evotec SE ADRs Raised to Equal-Weight at Morgan Stanley; PT $12
* Growens Raised to Buy at Corporate Family Office; PT 7.50 euros
* Heeros Raised to Reduce at Inderes; PT 4.40 euros
* Teck Resources Raised to Buy at B Riley; PT C$65
* Virgin Money UK Raised to Outperform at KBW; PT 200 pence

>>> Down
* Breedon Cut to Add at Peel Hunt
* Cellnex Cut to Neutral at Citi; PT 41 euros
* Charter Communications Cut to Sector Weight at KeyBanc
* Colruyt Cut to Underperform at Oddo BHF; PT 23 euros
* Deutsche PBB PT Cut to 6.90 euros at Bankhaus Metzler (+)
* Petrofac Cut to Hold at Jefferies; PT 70 pence
* PGS Cut to Neutral at SpareBank; PT 10 kroner
* Telenet Cut to Neutral at Citi; PT 21 euros

>>> Initiation
* AB Dynamics Rated New Underperform at Jefferies; PT 1,480 pence
* Ashmore Reinstated Sell at Numis; PT 200 pence
* AssetCo Reinstated Buy at Numis; PT 77 pence
* Bridgepoint Reinstated Add at Numis; PT 245 pence
* Dufry AG Reinstated Hold at Octavian; PT 42.20 Swiss francs
* Foresight Group Reinstated Buy at Numis; PT 620 pence
* Haleon Rated New Outperform at Bernstein; PT 380 pence (+)
* Huhtamaki Rated New Neutral at Davy
* Intermediate Capital Reinstated Buy at Numis; PT 1,900 pence
* Ionos Rated New Outperform at Oddo BHF; PT 18 euros
* Ionos Rated New Equal-Weight at Morgan Stanley; PT 17.50 euros
* Jupiter Reinstated Hold at Numis; PT 137 pence
* Kingswood Rated New Buy at Shore Capital; PT 31.50 pence
* Liontrust Reinstated Hold at Numis; PT 1,100 pence
* Man Group Reinstated Hold at Numis; PT 250 pence
* Ninety One Reinstated Reduce at Numis; PT 155 pence
* Pennon Cut to Equal-Weight at Morgan Stanley; PT 940 pence
* Petershill Reinstated Buy at Numis; PT 238 pence
* Polar Capital Reinstated Hold at Numis; PT 450 pence
* Quilter Reinstated Hold at Numis; PT 85 pence
* Renishaw Rated New Underperform at Jefferies; PT 3,270 pence
* Seacrest Petroleo Bermuda Rated New Buy at SpareBank
* St James's Place Reinstated Buy at Numis; PT 1,750 pence
* SCA Rated New Neutral at Davy
* Schroders Reinstated Reduce at Numis; PT 410 pence
* Stora Enso Rated New Neutral at Davy
* UPM-Kymmene Rated New Outperform at Davy
* Vodafone Resumed Neutral at Citi; PT 93 pence

>>> Call
* Adevinta Raised at Citi on Auto Classifieds Spend, Valuation
* Ascendis Pharma ADRs Cut to Equal-Weight at Morgan Stanley (+)
* Cellnex Cut to Neutral at Citi on Increasing Execution Risk
* European Packaging Stocks Preferred to Pulp Names at Davy
* Evotec Loses Only Negative Rating as MS Cites Consensus Reset
* Ionos New Equal-Weight at Morgan Stanley, Targets Challenging
* Pennon Cut at MS on Lack of Catalysts Ahead to Shift Sentiment
* RBC Forced Into Unprecedented Oil Forecast Revision Amid Turmoil
* Renishaw Rated Underperform at Jefferies on End-Market Weakness
* Telenet Cut to Neutral, Citi Sees Liberty Buyout Deal Succeeding
* Virgin Money Raised at KBW With Shares Seen as ‘Far Too Cheap’ (+)
* Vodafone Resumed Neutral at Citi With Another Reset Expected