>>> Europe : Brokers Upgrades & Downgrades - 8th of December 2023 V2(+)

>>> Up
* Adyen Raised to Buy at Citi; PT 1,400 euros
* Airbus Raised to Buy at Deutsche Bank; PT 152 euros
* Apple PT Raised to $220 from $210 at Morgan Stanley (+)
* Broadcom Raised to Buy at Summit Insights
* Ericsson Raised to Buy at Jefferies; PT 70 kronor
* Hexagon Raised to Neutral at Bryan Garnier; PT 105 kronor (+)
* Imperial Oil Raised to Neutral at JPMorgan; PT C$97
* LeadDesk Raised to Buy at Inderes; PT 8 euros
* Lloyds Raised to Neutral at Redburn; PT 50 pence (+)
* Lululemon PT Raised to $493 from $437 at Morgan Stanley (+)
* Lululemon PT Raised to $500 from $450 at KeyBanc (+)
* Lululemon PT Raised to $495 from $455 at Piper Sandler (+)
* Nexi Raised to Buy at Citi; PT 8.60 euros
* OMV Raised to Neutral at JPMorgan (+)
* Owens Corning Raised to Buy at Deutsche Bank
* Sainsbury Raised to Buy at Goldman; PT 350 pence
* Watsco Raised to Buy at Deutsche Bank

>>> Down
* Adecoagro Cut to Underweight at JPMorgan; PT $10.50
* Alstom Cut to Neutral at JPMorgan; PT 14.40 euros
* Huhtamaki Cut to Accumulate at Inderes; PT 40 euros
* Epiroc Cut to Underweight at JPMorgan; PT 180 kronor
* Galp Cut to Underweight at JPMorgan (+)
* Imperial Brands Cut to Sector Perform at RBC; PT 1,800 pence
* KB Home Cut to Sell at Deutsche Bank
* Lam Research Cut to Equal-Weight at Morgan Stanley
* MEG Energy Cut to Neutral at JPMorgan; PT C$33
* MTU Aero Cut to Hold at Deutsche Bank; PT 199 euros
* Nemetschek Cut to Hold at Berenberg; PT 78 euros
* Nokia Cut to Hold at Jefferies; PT 3 euros
* Pool Corp Cut to Hold at Deutsche Bank
* Rexel Cut to Neutral at JPMorgan; PT 25 euros
* Safran Cut to Hold at Deutsche Bank; PT 170 euros
* Sandvik Cut to Neutral at JPMorgan; PT 195 kronor
* Stadler Rail Cut to Underweight at JPMorgan; PT 30 Swiss francs

>>> Initiation
* Alcoa Rated New Hold at HSBC; PT $29
* Hershey Rated New Neutral at DA Davidson; PT $205
* Kingspan Rated New Neutral at Citi; PT 75 euros
* Lancaster Colony Rated New Neutral at DA Davidson; PT $185
* Legrand Rated New Outperform at Cowen; PT 120 euros
* Mondelez Rated New Buy at DA Davidson; PT $83
* Rexel Rated New Outperform at Cowen; PT 30 euros

>>> Call
* Adyen Gets Double Upgrade as Citi Now Positive on Payments (+)
* Alstom Cut at JPMorgan, Needs To Regain Trust After Warning (+)
* Anglo American Plans Deep Production Cuts to Save Cash Next Year (+)
* Cash Funds Gets Largest Weekly Inflow Since March, BofA Says (+)
* Strategists Have Bad News for Europe Equity Bulls About 2024
* Deutsche Bank Sees Builder Strength Ahead Despite Rate Dynamics
* Epiroc Cut to Underweight at JPMorgan on Elevated Valuation (+)
* Rexel Levers Are Critical for Margin as Volume, Price Risks Loom
* Sandvik Cut to Neutral at JPMorgan on Poor Momentum (1) (+)
* Sainsbury Lifted to Buy at Goldman on Closing Price Gap to Aldi (+)
* SEMICONDUCTOR INDUSTRY RAISED TO ATTRACTIVE AT MORGAN STANLEY
* SEMI-CAP INDUSTRY CUT TO CAUTIOUS VS IN-LINE AT MORGAN STANLEY