>>> Europe : Brokers Upgrades & Downgrades - 6th of December 2022 V2(+)

>>> Up
* Activision Blizzard Raised to Buy at Edward Jones
* Barclays Raised to Overweight at JPMorgan; PT 220 pence
* DS Smith Raised to Outperform at Credit Suisse; PT 390 pence
* Elior Group Raised to Hold at Stifel; PT 2.90 euros
* JPMorgan Raised to Overweight at Morgan Stanley; PT $153
* PVA TePla Raised to Outperform at Oddo BHF; PT 26 euros (+)
* Sweco Raised to Hold at Handelsbanken
* UCB Raised to Overweight at Barclays; PT 120 euros

>>> Down
* AMS-Osram Cut to Underperform at Oddo BHF; PT 7 Swiss francs (+)
* Ashmore Cut to Sell at Citi; PT 200 pence
* Bankinter Cut to Underweight at JPMorgan; PT 5.70 euros
* Benchmark Holdings Cut to Hold at Investec; PT 44 pence
* BNY Mellon Cut to Underweight at Morgan Stanley
* Close Brothers Cut to Underweight at JPMorgan; PT 1,120 pence
* Conagra Cut to Sell at Deutsche Bank; PT $34
* flatexDEGIRO Cut to Market Perform at KBW; PT 8 euros
* General Mills Cut to Hold at Deutsche Bank; PT $88
* Kimberly-Clark Cut to Sell at Deutsche Bank; PT $123
* Know IT Cut to Hold at Handelsbanken
* Lloyds Cut to Neutral at JPMorgan; PT 58 pence
* Medica Cut to Reduce at Peel Hunt
* Molson Coors Cut to Sell at Deutsche Bank; PT $50
* Mondi Cut to Underperform at Credit Suisse; PT 1,600 pence
* Netcompany Cut to Sell at Handelsbanken
* SAP Cut to Underperform at Oddo BHF; PT 94 euros (+)
* Siltronic Cut to Neutral at Oddo BHF; PT 85 euros
* SocGen Cut to Neutral at JPMorgan; PT 28 euros
* State Street Cut to Equal-Weight at Morgan Stanley
* United Utilities Cut to Neutral at JPMorgan; PT 1,100 pence

>>> Initiation
* Cellnex Resumed Equal-Weight at Morgan Stanley; PT 44 euros
* Hikma Rated New Outperform at RBC; PT 1,750 pence
* Ipsen Reinstated Equal-Weight at Barclays; PT 115 euros
* P&G Rated New Outperform at CICC; PT $166
* Restore Reinstated Buy at Panmure Gordon; PT 450 pence
* Richter Rated New Outperform at RBC; PT 12,600 forint
* Romande Energie Rated New Add at Baader Helvea
* Vianet Rated New Buy at Finncap; PT 210 pence (+)

>>> Call
* Apple Wait Times Improve as Supply Chain Headwinds Abate: UBS (+)
* Barclays Now Top UK Bank Pick at JPM; Lloyds and Close Bros. Cut (+)
* Cellnex a ‘Multi-Faceted’ Story, MS Resumes at Equal-Weight
* Citi Strategists Say Stock Rally Is Marked by Weak Positioning
* Citi Cautious on Traditional Asset Managers, Downgrades Ashmore
* Elior Raised to Hold by Stifel, Downside Risk Seen Limited
* Esker Rated New Buy at TP ICAP Midcap; PT 184 euros (+)
* Fresenius Medical CEO Departure ‘Unexpected and Negative’: CS (+)
* Hikma Rated New Outperform at RBC on Stronger Outlook for 2023
* JPMorgan Relatively Cautious on EU Banks; Cuts SocGen, Bankinter (+)
* JPMorgan Opens Negative Watch on UK Water, United Utilities Cut (+)
* JPMorgan Double-Upgraded, State Street and BNY Mellon Cut at MS (+)
* Goldman Strategists Recommend Hedges as Stock Volatility Dips
* Mondi Double-Downgraded, DS Smith Raised Among Packagers at CS
* UCB Upgraded, PT Hiked at Barclays With Re-Rating Seen Ahead