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

>>> Up
* Aryzta Raised to Buy at Baader Helvea; PT 2.30 Swiss francs
* Bunzl Raised to Equal-Weight at Barclays; PT 3,100 pence
* Buzzi SpA Raised to Buy at HSBC; PT 31 euros
* Heidelberg Materials Raised to Buy at HSBC; PT 86 euros
* Imperial Brands Raised to Buy at Citi; PT 1,980 pence
* Liberty Formula One Raised to Buy at Citi; PT $71
* Maire Tecnimont Raised to Outperform at Mediobanca SpA
* Man Group Raised to Outperform at BNPP Exane; PT 275 pence
* Prysmian Raised to Outperform at Mediobanca SpA; PT 46.20 euros
* Renault Raised to Equal-Weight at Barclays; PT 37.50 euros
* UBS Raised to Outperform at BNPP Exane; PT 28 Swiss francs
* Viafin Service Raised to Buy at Inderes; PT 14 euros

>>> Down
* Equinor Cut to Sell at Goldman; PT 340 kroner
* Galp Cut to Neutral at Goldman; PT 16 euros
* Hannover Re Cut to Underperform at Oddo BHF; PT 197 euros
* Phoenix Group Cut to Neutral at Oddo BHF; PT 540 pence
* Rentokil Rated New Sell at SocGen
* Talanx Cut to Underperform at Oddo BHF; PT 60 euros
* Wizz Air Cut to Neutral at JPMorgan; PT 3,000 pence
* Wizz Air Raised to Hold at HSBC; PT 1,925 pence

>>> Initiation
* Adyen Rated New Market Perform at Cowen; PT 736 euros
* Arjo Reinstated Hold at Nordea
* Banco BPM Reinstated Overweight at Morgan Stanley; PT 6.20 euros
* Blackstone Rated New Hold at HSBC; PT $113
* Brookfield Asset Management Rated New Buy at HSBC; PT C$53.53
* Charter Communications Rated New Market Perform at Bernstein
* Comcast Rated New Market Perform at Bernstein; PT $46
* Disney Rated New Outperform at Bernstein; PT $103
* Fortnox Rated New Underweight at Morgan Stanley; PT 49 kronor
* Fox Corp Rated New Market Perform at Bernstein; PT $32
* Paramount Global Rated New Underperform at Bernstein; PT $11
* VAT Rated New Underweight at Barclays; PT 284 Swiss francs
* YGT CN Rated New Speculative Buy at Paradigm Capital
* Warner Bros Discovery Rated New Outperform at Bernstein; PT $13

>>> Call
* Citi Strategists Prefer Cyclical Tilt, Buying the Dip in Stocks
* Disney Rated Outperform at Bernstein on Stable Growth Outlook