>>> Europe : Brokers Upgrades & Downgrades - 7th of December 2023 V2(+)

>>> Up
* Adyen Raised to Buy at Jefferies; PT 1,396 euros
* Aiforia Technologies Raised to Accumulate at Inderes
* Deutsche Post AG Raised to Neutral at JPMorgan; PT 43.80 euros
* Epiroc Raised to Buy at DNB Markets; PT 230 kronor
* SEB Raised to Market Perform at KBW; PT 155 kronor
* Sika Raised to Neutral at JPMorgan; PT 237 Swiss francs
* Zug Estates Raised to Outperform at ZKB

>>> Down
* Air France-KLM Cut to Underweight at JPMorgan (+)
* Boliden Cut to Underweight at Morgan Stanley; PT 250 kronor
* BRANICKS Group AG Cut to Sell at Bankhaus Metzler; PT 3 euros (+)
* Continental Cut to Hold at HSBC; PT 75 euros
* IAG Cut to Underweight at JPMorgan (+)
* Kering Cut to Neutral at BNPP Exane; PT 440 euros (+)
* Kingspan Cut to Underweight at JPMorgan; PT 65 euros
* Lufthansa Cut to Underweight at JPMorgan (+)
* Petrofac Cut to Hold at SocGen; PT 26 pence
* Pierer Mobility Cut to Hold at Stifel; PT 63.66 euros
* Revenio Cut to Accumulate at Inderes; PT 25.50 euros
* Rockwool Cut to Underweight at JPMorgan; PT 1,720 kroner
* Salvatore Ferragamo Cut to Sell at Deutsche Bank; PT 11 euros
* SSAB Cut to Equal-Weight at Morgan Stanley; PT 80 kronor
* Swatch Cut to Hold at Deutsche Bank; PT 240 Swiss francs
* Telia Raised to Neutral at BNPP Exane; PT 25 kronor
* Vodafone Cut to Underperform at BNPP Exane; PT 68 pence
* Worldline Cut to Underperform at Jefferies; PT 12.30 euros

>>> Initiation
* Airbus ADRs Rated New Sell at Berenberg; PT $27
* CAF Rated New Buy at SocGen; PT 42 euros (+)
* Coca-Cola Femsa ADRs Rated New Neutral at Citi; PT $90
* CVS Group Rated New Buy at Panmure Gordon; PT 2,085 pence
* GSEO LN Rated New Neutral at Peel Hunt (+)
* Oxford Biomedica Reinstated Buy at Peel Hunt; PT 475 pence

>>> Call
* Adyen Among Favored Payments Stocks at Jefferies, Worldline Cut
* Anglo, Antofagasta and Rio Tinto Citi’s Top Europe Mining Picks
* Morgan Stanley Selective in Diversifieds, Bullish on Copper
* European Telecoms Eye 2024 Cash-Flow Gains on Profit Resilience
* Goldman Strategists Say US Stocks Vulnerable to Any Macro Shock (+)
* JPMorgan Now More Cautious on Airlines, Upgrades Deutsche Post (+)