>>> Europe : Brokers Upgrades & Downgrades - 7th of May 2024 V3(++)

>>> Up
* AMD Raised to Buy at DZ Bank; PT $190
* Atria Raised to Accumulate at Inderes; PT 10.50 euros
* Bakkafrost Raised to Buy at SpareBank; PT 680 kroner
* Cementos Pacasmayo ADRs Raised to Outperform at Itau BBA
* Clariant Raised to Overweight at Morgan Stanley
* Cloudflare Raised to Buy at DZ Bank; PT $95
* Demant Raised to Buy at Jyske Bank; PT 360 kroner
* Embracer PT Raised to 50 kronor from 32 kronor at SEB Equities (++)
* Euronav Raised to Buy at Arctic Securities; PT 17.71 euros (+)
* Fluidra Raised to Buy at Alantra Equities; PT 25.20 euros (++)
* Frontier Developments Raised to Buy at Peel Hunt; PT 343 pence (+)
* Philips Raised to Neutral at BNPP Exane; PT 24 euros (++)
* Sandvik Raised to Buy at ABG; PT 265 kronor
* Snam Raised to Outperform at RBC, Italgas Cut to Sector Perform
* Ubisoft Raised to Buy at Stifel; PT 28 euros

>>> Down
* Elmera Group ASA Cut to Hold at Pareto Securities; PT 35 kroner
* Koskisen Cut to Hold at Nordea; PT 4.30 euros
* Peab Cut to Hold at SEB Equities; PT 69 kronor
* Sixt Cut to Hold at Berenberg; PT 66 euros
* Viafin Service Cut to Accumulate at Inderes; PT 18 euros

>>> Initiation
* Ashtead Rated New Buy at Deutsche Bank; PT 6,800 pence (+)
* Babcock Rated New Buy at Deutsche Bank; PT 625 pence (+)
* Bunzl Rated New Hold at Deutsche Bank (+)
* Capita Rated New Buy at Deutsche Bank; PT 35 pence (+)
* Clarkson Rated New Buy at Deutsche Bank; PT 4,950 pence (+)
* De La Rue Rated New Hold at Deutsche Bank (+)
* Essentra Rated New Buy at Deutsche Bank (+)
* Inchcape Rated New Buy at Deutsche Bank; PT 1,100 pence (+)
* Johnson Service Rated New Buy at Deutsche Bank (+)
* IWG Rated New Buy at Deutsche Bank (+)
* Mears Rated New Buy at Deutsche Bank (+)
* Mitie Rated New Buy at Deutsche Bank (+)
* Pagegroup Rated New Buy at Deutsche Bank; PT 600 pence (+)
* Palo Alto Networks Rated New Outperform at CICC; PT $328
* Robert Walters Rated New Buy at Deutsche Bank; PT 600 pence (+)
* RWS Holdings Rated New Buy at Deutsche Bank (+)
* Serco Rated New Hold at Deutsche Bank (+)
* SThree Rated New Buy at Deutsche Bank; PT 600 pence (+)

>>> Call
* BBVA, Sabadell Merger Story Probably Has Further to Run: RBC
* Clariant Upgraded, Morgan Stanley Sees Green Shoots in Chemicals
* Elis Has Strong Operational Delivery Again, Morgan Stanley Says
* Geberit Plans New Buyback, Beats on Better Volumes, Citi Says (+)
* JPMorgan’s Matejka Sees Stocks Stalling on Stretched Positioning
* Peab Downgraded to Hold at SEB Equities Following Strong Run (+)
* Snam Raised to Outperform at RBC, Italgas Cut to Sector Perform
* UniCredit Beat, Improved Guidance Expected to Be Welcomed: KBW (+)