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

>>> Up
* ABB Raised to Buy at Kepler Cheuvreux; PT 35 Swiss francs (+)
* Awilco LNG Raised to Buy at Cleaves Securities; PT 16 kroner
* DSM Raised to Outperform at Oddo BHF; PT 165 euros
* Italgas Raised to Outperform at RBC; PT 6.50 euros
* Nel Raised to Overweight at Morgan Stanley; PT 22 kroner
* Norwegian Air Raised to Buy at Nordea; PT 13 kroner
* Orsted Raised to Buy at Goldman; PT 765 kroner
* Outokumpu Raised to Neutral at Oddo BHF (+)
* Pfizer Raised to Outperform at Daiwa; PT $51 (+)
* Rovi Raised to Outperform at Oddo BHF; PT 50.50 euros
* Sixt Raised to Outperform at Exane; PT 150 euros
* Snam Raised to Outperform at RBC; PT 5.50 euros
* Terna Raised to Sector Perform at RBC; PT 7.50 euros
* Valneva Raised to Outperform at Oddo BHF; PT 10 euros
* Virbac Raised to Buy at Stifel; PT 342 euros
* Wartsila Raised to Buy at Citi; PT 11 euros
* Zur Rose Raised to Buy at Jefferies; PT 64 Swiss francs

>>> Down
* Airbus Cut to Sell at Berenberg; PT 100 euros
* Anima Holding Cut to Neutral at Banca Akros (+)
* Aurubis Cut to Neutral at Exane; PT 94.50 euros
* Carrefour Cut to Underperform at Exane; PT 16 euros
* Euronav Cut to Hold at JonesTrading
* Fabege Cut to Hold at Handelsbanken
* Fabege Cut to Hold at DNB Markets; PT 100 kronor
* FM Mattsson Mora Cut to Hold at Kepler Cheuvreux; PT 70 kronor (+)
* GCP Asset Backed Income Cut to Sell at Stifel (+)
* Keywords Studios Cut to Hold at Stifel; PT 3,160 pence (+)
* Legrand Cut to Hold at Deutsche Bank; PT 86 euros
* MPC Container Ships ASA Cut to Hold at DNB Markets (+)
* Rothschild & Co Cut to Neutral at Oddo BHF; PT 48 euros (+)
* SBB Cut to Hold at Arctic Securities; PT 22 kronor
* Taaleri Cut to Sell at Inderes; PT 11 euros
* Volue Cut to Hold at Nordea
* YIT Cut to Reduce at Kepler Cheuvreux; PT 2.50 euros (+)

>>> Initiation
* Brenntag Rated New Hold at Jefferies; PT 76 euros
* Evolution Reinstated Overweight at Barclays; PT 1,600 kronor
* KBC Group Rated New Buy at ING; PT 80 euros
* KBC Ancora Rated New Buy at ING; PT 60 euros

>>> Call
* Airbus Gets Further Downgrade at Berenberg on Risk to Estimates
* Ambu 1Q Beats Overall But Free Cash Flow Weak: Handelsbanken (+)
* Brenntag New Hold at Jefferies, Valuation Gap ‘Hard to Close’
* Carlsberg FY Results Fine, Guidance a Disappointment, RBC Says (+)
* Citi Says There’s Not Much Activist Can Do to Improve Nordstrom
* CTP Rated New Hold at Wood & Company; PT 14.30 euros (+)
* Nel Raised to Overweight at MS on Strong Green Hydrogen Outlook
* Rovi a ‘Reliable Compounder,’ Upgraded to Outperform at Oddo (+)
* Snam, Italgas, Terna Raised as RBC Positive on Italian Utilities
* Wartsila Upgraded at Citi on Decarbonization Growth Support