>>> Europe : Brokers Upgrades & Downgrades - 6th of November 2023 V3(++)

>>> Up
* Acadia Pharma Raised to Buy at Mizuho Securities; PT $35
* Apple Raised to Accumulate at Phillip Secs; PT $194
* Bank of America Raised to Market Perform at KBW; PT $30
* BMW Raised to Outperform at Bernstein (++)
* CRH Raised to Neutral at Goldman; PT $58
* Dino Polska Raised to Neutral at JPMorgan; PT 450 zloty
* Dominion Energy Raised to Overweight at Barclays; PT $47
* EDP Raised to Outperform at BNPP Exane
* EDP Renovaveis Raised to Sector Perform at RBC; PT 18 euros
* Exel Composites Raised to Reduce at Inderes; PT 2.50 euros
* Ferrari Raised to Overweight at Barclays; PT $375.83
* Kontoor Brands Raised to Overweight at Barclays; PT $59
* Maersk Raised to Hold at SEB Equities; PT 10,100 kroner (++)
* Rentokil Raised to Buy at HSBC; PT 495 pence
* Siemens Raised to Outperform at Oddo BHF (+)
* Stadler Rail Raised to Neutral at Oddo BHF; PT 31 Swiss francs
* Telefonica Deutschland Raised to Buy at M.M. Warburg (+)
* Umicore Raised to Equal-Weight at Barclays; PT 29 euros

>>> Down
* Acerinox Cut to Add at AlphaValue/Baader
* Anima Holding Cut to Hold at Kepler Cheuvreux; PT 4.10 euros (+)
* Albemarle PT Cut to $90 from $155 at Morgan Stanley
* BCP Cut to Neutral at Mediobanca SpA; PT 36 euro cents
* Citycon Cut to Sell at DNB Markets; PT 4 euros (++)
* Evotec SE Cut to Sector Perform at RBC
* Genus Cut to Hold at Investec; PT 2,317 pence (+)
* Grieg Seafood Cut to Hold at Carnegie; PT 82 kroner (++)
* Heidelberg Materials Cut to Neutral at UBS; PT 74 euros (+)
* Johnson Matthey PT Cut to 2,380 pence at Panmure Gordon (++)
* K+S Cut to Sell at UBS (+)
* Kahoot Cut to Equal-Weight at Morgan Stanley; PT 35 kroner
* Neoen Cut to Hold at Portzamparc; PT 30 euros
* Next Cut to Sector Perform at RBC; PT 7,700 pence
* Nutrien Cut to Neutral at JPMorgan; PT C$79.18
* Oerlikon Cut to Sector Perform at RBC
* SolarEdge Cut to Hold at HSBC; PT $80
* SpareBank 1 Sorost-Norge Cut to Neutral at SpareBank
* TechnipFMC Cut to Neutral at BNPP Exane; PT $23.50 (++)
* Vonovia Cut to Sell at Bankhaus Metzler; PT 21 euros (+)

>>> Initiation
* Birkenstock Holding Rated New Overweight at Piper Sandler (++)
* Birkenstock Holding Rated New Outperform at Baird; PT $48
* Birkenstock Holding Rated New Buy at Goldman; PT $48.50
* Birkenstock Holding Rated New Overweight at JPMorgan; PT $48
* Birkenstock Holding Rated New Equal-Weight at Morgan Stanley
* Birkenstock Holding Rated New Outperform at BMO; PT $50
* Birkenstock Holding Rated New Buy at Jefferies; PT $50
* Birkenstock Holding Rated New Buy at Williams Trading; PT $55
* Birkenstock Holding Rated New Buy at Citi; PT $52
* Birkenstock Holding Rated New Hold at HSBC; PT $42
* Birkenstock Holding Rated New Buy at Stifel; PT $47
* Cytokinetics Rated New Outperform at Baptista Research
* Fashionette Reinstated Buy at Hauck & Aufhaeuser; PT 18 euros (+)
* Getinge Reinstated Buy at Danske Bank Markets; PT 300 kronor (++)
* Getinge Re-Initiated Buy at Carnegie; PT 300 kronor (++)
* JD Sports Rated New Buy at Citi; PT 220 pence
* Marley Spoon Group Rated New Buy at M.M. Warburg; PT 10.50 euros (+)
* Omer Rated New Buy at TP ICAP Midcap; PT 4.40 euros (+)
* Puma Rated New Neutral at Citi; PT 58 euros
* Sandoz Group Rated New Buy at Stifel; PT 40 Swiss francs
* VAT Rated New Hold at Jefferies; PT 370 Swiss francs
* World Kinect Corp Rated New Equal-Weight at Morgan Stanley

>>> Call
* Anima Holding Declines as Kepler Downgrades on Limited Upside (++)
* BMW Gains; Bernstein Sees Outperformance Versus Peers, Upgrades (++)
* Entain Gains After Jefferies Raises PT on 2025 Estimate Upgrade (++)
* Evotec Downgraded at RBC on Significant Near-Term Uncertainty
* Evotec Drops as RBC Cuts on Major Near-Term Uncertainty (++)
* Ferrari Gains; Barclays Upgrades as Pricing, Orders ‘Bode Well’ (++)
* Heidelberg Materials Gets A Downgrade at UBS On M&A Concerns (+)
* JD Sports Gains as Citi Initiates at Buy; Rates Puma Neutral (++)
* K+S Cut to Sell at UBS With Street-Low PT on Potash Prices (+)
* Morgan Stanley’s Wilson Says Stock Gains Are a Bear Market Rally (+)
* Next Cut, Dunelm Raised at RBC; AB Foods Among Top Retail Picks
* Oerlikon Cut to Sector Perform at RBC After ‘Sobering’ Results
* PostNL Parcel Volume Recovery Slower Than Expected: Jefferies (+)
* Stadler Rail Gains on Oddo Lift; Valuation Offers Entry Point (++)
* VAT Rated New Hold at Jefferies, Near-Term Outlook Priced In