>>> Europe : Brokers Upgrades & Downgrades - 5th of November 202

>>> Up
* Airbus Raised to Hold at Nord/LB; PT 63 euros
* Amadeus PT Raised to 67 euros from 57 euros at Morgan Stanley
* Bpost PT Raised to 12 euros from 10 euros at Jefferies
* Cyfrowy Raised to Buy at Wood & Company; PT 30.60 zloty
* Fresenius SE Raised to Buy at Nord/LB; PT 40 euros
* Glaxo Raised to Hold at Shore Capital
* ISS Raised to Buy at SEB Equities; PT 125 kroner
* LPP Raised to Buy at HSBC; PT 7,560 zloty
* Segro Raised to Hold at Peel Hunt
* Tritax Big Box Raised to Add at Peel Hunt

>>> Down
* Coats Cut to Hold at HSBC; PT 62 pence

>>> Initiation
* Hensoldt Rated New Buy at Citi; PT 15 euros
* Siemens Energy Rated New Buy at SocGen; PT 26 euros
* Watches of Switzerland Rated New Buy at Jefferies; PT 470 pence

>>> Call
* Hensoldt to Benefit From Growth in German Defense Spending: Citi
* Watches of Switzerland Has Further Upside Scope: Jefferies