>>> Europe : Brokers Upgrades & Downgrades - 6th of December 2023

>>> Up
* Carl Zeiss Meditec Raised to Buy at Bankhaus Metzler
* Ericsson Raised to Buy at Carnegie; PT 70 kronor
* iomart Raised to Add at Numis; PT 185 pence
* Merlin Properties Raised to Buy at Alantra Equities
* Ocado Raised to Neutral at JPMorgan; PT 600 pence
* SkiStar Raised to Buy at Nordea; PT 135 kronor
* SKF Raised to Outperform at BNPP Exane; PT 240 kronor
* Stroeer Raised to Overweight at JPMorgan; PT 70 euros

>>> Down
* Alfa Laval Cut to Neutral at BNPP Exane; PT 430 kronor
* AUTO1 Cut to Neutral at JPMorgan; PT 6.30 euros
* Balder Cut to Hold at SEB Equities; PT 65 kronor
* Diageo Cut to Sell at UBS
* Dormakaba Cut to Hold at Jefferies; PT 500 Swiss francs
* Endesa Cut to Hold at Kepler Cheuvreux; PT 21 euros
* Epiroc Cut to Underperform at BNPP Exane; PT 200 kronor
* Fabege Cut to Hold at SEB Equities; PT 105 kronor
* H&M Cut to Sell at Deutsche Bank; PT 160 kronor
* ITM Power PT Cut to 50 pence from 90 pence at Morgan Stanley
* Merck KGaA Cut to Hold at HSBC; PT 170 euros
* Nel Cut to Equal-Weight at Morgan Stanley; PT 9 kroner
* Scout24 SE Cut to Neutral at JPMorgan; PT 73 euros
* Telefonica Deutschland Cut to Sell at M.M. Warburg
* Volvo Cut to Neutral at BNPP Exane; PT 250 kronor

>>> Initiation
* M. Vest Water Rated New Hold at Norne Securities; PT 7.50 kroner
* MorphoSys Rated New Market Perform at Leerink; PT 22 euros
* UPM-Kymmene Reinstated Buy at Kepler Cheuvreux; PT 37 euros

>>> Call
* 3i Group Offers Value on Growth Outlook, New Outperform at RBC
* Barclays’s Cau Says Europe to Benefit From Broader Equity Rally
* Dormakaba Cut to Hold at Jefferies Following CEO Exit ‘Setback’
* H&M, Inditex Cut at Deutsche Bank, Retail Outlook Muted For 2024
* Pierer Mobility Outlook ‘Rather Disappointing,’ Jefferies Says