>>> Europe : Brokers Upgrades & Downgrades - 5th of September 2024 V2(+)

>>> Up
* Arkema Raised to Overweight at Morgan Stanley; PT 104 euros
* ID Logistics Group SACA Raised to Buy at TP ICAP Midcap (+)
* Klepierre Raised to Neutral at JPMorgan; PT 29 euros
* Lanxess Raised to Overweight at Morgan Stanley; PT 37 euros
* Nordstrom Raised to Equal-Weight at Barclays; PT $23
* RS Group Raised to Buy at Citi; PT 900 pence
* Wacker Chemie Raised to Overweight at Morgan Stanley
* Whitbread Raised to Neutral at Redburn; PT 2,750 pence (+)

>>> Down
* Air Liquide Cut to Underweight at Morgan Stanley; PT 149 euros
* Care Property Invest NV Cut to Accumulate at KBC Securities (+)
* Dolphin Drilling Cut to Hold at Fearnley; PT 4.40 kroner (+)
* MOL Cut to Reduce at Erste Group; PT 2,600 forint (+)
* Nordic Semiconductor Cut to Underweight at Morgan Stanley
* Novartis Cut to Neutral at Goldman; PT 103 Swiss francs
* Novartis ADRs Cut to Neutral at Goldman; PT $121
* OMV Cut to Hold at Erste Group; PT 39.70 euros (+)
* SSP Cut to Equal-Weight at Morgan Stanley
* Syensqo Cut to Underweight at Morgan Stanley; PT 66 euros

>>> Initiation
* Elkem Rated New Equal-Weight at Morgan Stanley
* Galderma Rated New Buy at Berenberg; PT 104.40 Swiss francs
* Galderma ADRs Rated New Buy at Berenberg; PT $24.20 (+)
* LISI Reinstated Neutral at BNPP Exane; PT 30 euros (+)
* Netflix Rated New Hold at China Renaissance; PT $680
* On Holding Rated New Hold at HSBC; PT $52
* Origin Rated New Buy at Berenberg; PT 4.30 euros
* Planisware Rated New Neutral at Bryan Garnier; PT 28 euros (+)
* Safilo Rated New Neutral at Banca Akros (ESN); PT 1.20 euros (+)

>>> Call
* Akzo Nobel Top Pick as Morgan Stanley Shifts Chemicals Ratings
* Galderma Offers ‘Blockbuster Potential,’ New Buy at Berenberg
* Goldman’s Rubner Sees Market Correction If Payrolls Come In Weak
* JPMorgan Abandons Bullish China Call as US Election Stirs Angst
* SSP Cut, Edenred Raised and Now Among Morgan Stanley’s Top Picks