>>> Europe : Brokers Upgrades & Downgrades - 7th of June 2023

>>> Up
* Aurubis Raised to Buy at Baader Helvea; PT 110 euros
* Petrobras ADRs Raised to Overweight at Morgan Stanley; PT $16.50

>>> Down
* Holmen Cut to Hold at DNB Markets; PT 460 kronor
* KBC Cut to Reduce at AlphaValue/Baader
* Viaplay Cut to Hold at SEB Equities; PT 87 kronor
* Viaplay Cut to Sell at ABG; PT 75 kronor
* Viaplay Cut to Hold at Handelsbanken

>>> Initiation
* DSV Rated New Equal-Weight at Morgan Stanley; PT 1,422 kroner
* Frontline PLC Rated New Buy at Nordea; PT 220 kroner
* Kuehne + Nagel Rated New Underweight at Morgan Stanley
* Odfjell Rated New Buy at Nordea; PT 143 kroner
* OVS Rated New Buy at Stifel; PT 3.10 euros

>>> Call
* BofA Says Retail Exodus From US Stocks Signals Gains to Come
* Goldman Sachs Strategists Say AI Could Drive S&P 500 Even Higher
* Freight Demand Now More Challenging, DSV Preferred to K+N at MS
* Viaplay Gets More Downgrades as Analysts See Uncertain Outlook