>>> Europe : Brokers Upgrades & Downgrades - 6th of April 2023 V2(+)

>>> Up
* Accor Raised to Buy at Stifel; PT 35 euros
* Ambarella Raised to Outperform at Imperial; PT $95
* Ferrari Raised to Neutral at Goldman; PT $283
* Givaudan Raised to Neutral at JPMorgan; PT 3,100 Swiss francs
* Grenke Raised to Buy at Deutsche Bank; PT 33 euros
* Industrivarden Raised to Buy at DNB Markets; PT 330 kronor
* Schaeffler Raised to Buy at M.M. Warburg; PT 9.50 euros (+)
* Spirent Raised to Neutral at Goldman; PT 170 pence
* Symrise Raised to Overweight at JPMorgan; PT 115 euros

>>> Down
* Applied Materials Cut to Neutral at Exane; PT $133 (+)
* BMW Cut to Neutral at Goldman; PT 109 euros
* DiaSorin SpA PT Cut to 86 euros from 91 euros at Morgan Stanley
* Drone Volt SACA Cut to Add at AlphaValue/Baader
* Fulham Shore Cut to Hold at Finncap; PT 14 pence
* KLA Corp Cut to Neutral at Exane; PT $435 (+)
* Mosaic Cut to Neutral at JPMorgan; PT $46
* Noratis Cut to Hold at Bankhaus Metzler (+)
* UMG Cut to Underperform at Exane; PT 19 euros
* Volvo Car Cut to Sell at Goldman; PT 41 kronor

>>> Initiation
* Ceres Power Rated New Buy at Goodbody; PT 542 pence
* ITM Power Rated New Sell at Goodbody; PT 61 pence
* Pherecydes Pharma Sadir Rated New Buy at TP ICAP Midcap (+)
* RS Group Rated New Neutral at Exane; PT 1,000 pence
* SigmaRoc Rated New Buy at Numis; PT 95 pence
* Valtecne Rated New Buy at Bestinver; PT 7 euros (+)
* XPO Inc Rated New Outperform at BMO; PT $44

>>> Call
* Accor Raised at Stifel on Upside Risk to Estimates; IHG Hold