>>> Europe : Brokers Upgrades & Downgrades - 7th of February 2024

>>> Up
* Atrium Ljungberg Raised to Hold at ABG; PT 195 kronor
* Hermes Raised to Overweight at Morgan Stanley; PT 2,380 euros
* Julius Baer Raised to Equal-Weight at Morgan Stanley
* Lagercrantz Raised to Buy at SEB Equities; PT 150 kronor
* Lundin Mining Raised to Buy at Canaccord; PT C$11
* NIBE Industrier Raised to Equal-Weight at Morgan Stanley
* Nordic Semiconductor Raised to Hold at Arctic Securities
* UBS Raised to Buy at SocGen; PT 30 Swiss francs

>>> Down
* Air France-KLM Cut to Hold at SocGen; PT 12.50 euros
* BioPharma Credit Cut to Hold at Jefferies
* Boule Diagnostics Cut to Hold at Pareto Securities
* Demant Cut to Hold at SEB Equities; PT 350 kroner
* Enel Cut to Add at AlphaValue/Baader
* Model N Cut to Market Perform at JMP
* MorphoSys ADRs Cut to Market Perform at JMP
* Nordic Semiconductor Cut to Hold at Jefferies; PT 88 kroner
* Roche Cut to Hold at Bank Vontobel; PT 254 Swiss francs
* Straumann Cut to Reduce at HSBC; PT 108 Swiss francs
* Verbund Cut to Reduce at AlphaValue/Baader
* Vetropack Cut to Hold at Berenberg

>>> Initiation
* Mersen Rated New Buy at Berenberg; PT 45 euros

>>> Call
* Hermes Stands Out Amid Subdued Demand, Raised at Morgan Stanley
* Nibe Industrier Risks Now Reflected, Morgan Stanley Upgrades