>>> Europe : Brokers Upgrades & Downgrades - 4th of October 2023

>>> Up
* Asos Raised to Buy at UBS
* Aviva Raised to Buy at Jefferies; PT 480 pence
* Dino Polska Raised to Buy at Biuro Maklerskie mBanku
* J. Martins Raised to Buy at Biuro Maklerskie mBanku
* Severn Trent Raised to Neutral at JPMorgan; PT 2,400 pence
* SKF Raised to Buy at DNB Markets; PT 215 kronor
* TEN Square Games Raised to Buy at Biuro Maklerskie mBanku
* Vaisala Raised to Buy at Inderes; PT 40 euros

>>> Down
* Apple Downgraded at KeyBanc on Valuation, Weak Sales Outlook
* Azelis Cut to Hold at HSBC; PT 20.40 euros
* Brenntag Cut to Hold at HSBC; PT 82 euros
* Eezy Cut to Reduce at Inderes; PT 2.30 euros
* Kruk Cut to Hold at Biuro Maklerskie mBanku; PT 440.73 zloty
* Legal & General Cut to Hold at Jefferies; PT 230 pence
* Sandvik Cut to Hold at DNB Markets; PT 220 kronor
* Shoper Cut to Hold at Biuro Maklerskie mBanku; PT 38.10 zloty
* Zalando Cut to Neutral at UBS

>>> Initiation
* Axfood Rated New Outperform at BNPP Exane; PT 300 kronor
* Brodrene A&O Johansen Rated New Buy at SEB Equities
* Kesko Rated New Underperform at BNPP Exane; PT 12.50 euros

>>> Call
* Apple Cut to Sector Weight at KeyBanc on Valuation, Slow Sales