>>> Europe : Brokers Upgrades & Downgrades - 4th of June 2024 V2(+)

>>> Up
* Ariston Raised to Buy at Citi; PT 5.80 euros
* First Solar PT Raised to $331 from $248 at Morgan Stanley (+)
* Freenet Raised to Buy at UBS; PT 29 euros
* Future PLC Raised to Buy at Berenberg
* Generali PT Raised to 28.70 euros from 23.36 euros at Citi
* Structure Therapeutics ADRs PT Raised to $93 from $58 at Leerink
* Wise Raised to Buy at Peel Hunt; PT 1,000 pence

>>> Down
* Alfen Cut to Hold at Berenberg; PT 40 euros
* Allianz Cut to Neutral at Citi; PT 283 euros
* GSK Cut to Hold at Intron Health; PT 1,750 pence
* Liontrust Cut to Sell at Deutsche Bank (+)
* NIBE Industrier Cut to Underweight at Barclays; PT 34 kronor

>>> Initiation
* Flutter Rated New Outperform at Oppenheimer; PT 18,780.81 pence
* Gamma Communications Rated New Buy at Berenberg; PT 1,980 pence
* Michelin Rated New Outperform at Bernstein; PT 43 euros
* Novonesis Reinstated Buy at Nordea; PT 500 kroner (+)
* Pirelli Rated New Market Perform at Bernstein; PT 6.20 euros
* Revolution Beauty Group PLC Rated New Buy at Finncap (+)
* Warpaint London Rated New Buy at Finncap; PT 600 pence (+)

>>> Call
* Alfen Cut to Hold at Berenberg on Continued Lack of Visibility
* Ariston’s Valuation Undemanding, Stock Upgraded to Buy at Citi
* Citi’s Manthey Says Rate Cuts, Earnings to Boost European Stocks (+)
* Goldman’s Oppenheimer Says Diversify With Stocks Outside the US (+)
* GSK’s Delaware Court Ruling Raises Risks, Intron Cuts to Hold
* Hedge Funds Sell Software Stocks as AI Splits Tech, Goldman Says
* JPMorgan’s Kolanovic Warns of Risks as Stock Prices Stay High
* Klepierre Double-Upgraded at Citi as Rental Prospects Improve
* Wise Upgraded at Peel Hunt on Pullback and Growth Prospects