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

>>> Up
* Anglo American Raised to Outperform at RBC; PT 2,700 pence
* Assa Abloy Raised to Buy at HSBC; PT 305 kronor
* Auto Trader Raised to Buy at Shore Capital (+)
* BNP Paribas Bank Polska Raised to Buy at Erste Group
* Burberry Raised to Hold at HSBC; PT 2,200 pence
* Central Asia Metals Raised to Outperform at RBC; PT 245 pence
* H&M PT Raised to 115 kronor from 97 kronor at Citi
* Revenio Raised to Buy at Nordea; PT 36 euros
* Sobi Raised to Overweight at Morgan Stanley; PT 280 kronor
* UPM-Kymmene Raised to Buy at Jefferies; PT 34.70 euros
* Vale ADRs Raised to Outperform at RBC
* Ypsomed PT Raised to 295 Swiss francs at Credit Suisse

>>> Down
* AIB Group Cut to Underweight at Morgan Stanley
* Apple Cut to Neutral at DA Davidson; PT $185
* Deutsche PBB Cut to Sell at Citi; PT 6.10 euros
* Dr Martens Cut to Hold at Peel Hunt; PT 150 pence
* Kone Cut to Hold at HSBC; PT 52 euros
* Randstad PT Cut to 40 euros from 50 euros at Oddo BHF (+)
* Storebrand Cut to Hold at Nordea
* Viaplay Cut to Neutral at Redburn (+)

>>> Initiation
* Airbnb Reinstated Neutral at Wedbush; PT $130
* AO World Rated New Buy at Shore Capital (+)
* Bango Rated New Buy at Stifel; PT 315 pence (+)
* Berentzen-Gruppe Rated New Outperform at Oddo BHF; PT 10 euros
* Booking Reinstated Outperform at Wedbush; PT $3,060
* Expedia Reinstated Neutral at Wedbush; PT $116
* Nvidia Rated New Overweight at Guotai Junan Sec
* Renew Rated New Buy at Berenberg; PT 950 pence

>>> Call
* Deutsche PBB Downgraded to Sell at Citi on Real Estate Exposure
* ING Top European Bank Pick at MS, AIB Group Cut to Underweight
* Sobi Appears Set For Growth Inflection, Morgan Stanley Upgrades
* UPM-Kymmene Upgraded at Jefferies Following Underperformance