>>> Europe : Brokers Upgrades & Downgrades - 8th of February 2024

>>> Up
* Carlsberg Raised to Hold at Nordea
* Chipotle PT Raised to $2,958 from $2,200 at Argus
* Generali Raised to Buy at HSBC; PT 24.50 euros
* Lancashire Raised to Buy at HSBC; PT 750 pence
* Latour Raised to Hold at Nordea
* Nordic Semiconductor Raised to Equal-Weight at Barclays
* Norion Bank AB Raised to Buy at ABG; PT 48 kronor
* Pandora Raised to Buy at HSBC; PT 1,300 kroner
* Publicis Raised to Reduce at AlphaValue/Baader
* Redrow Cut to Hold at Jefferies; PT 721 pence
* Renault Raised to Outperform at BNPP Exane; PT 49 euros
* Sanoma Raised to Accumulate at Inderes; PT 7 euros
* TeamViewer SE PT Raised to 21 euros from 19 euros at RBC
* Uber PT Raised to $77 from $68 at Truist Secs

>>> Down
* Axa Cut to Hold at HSBC; PT 33.70 euros
* Equinor Cut to Underperform at Oddo BHF; PT 300 kroner
* Fortum Cut to Hold at SEB Equities; PT 12.50 euros
* Handelsbanken Cut to Hold at Arctic Securities; PT 130 kronor
* InterContinental Hotels Cut to Hold at SocGen
* Redrow Cut to Hold From Buy by Jefferies, Target Cut to 721p From 774p by Jefferies
* UPM-Kymmene Cut to Neutral at Citi; PT 32 euros
* Valmet Cut to Accumulate at Inderes; PT 28 euros
* Zurich Ins. Cut to Hold at HSBC; PT 455 Swiss francs

>>> Initiation
* ACS Reinstated Neutral at JB Capital Markets; PT 42 euros
* Onward Medical Rated New Buy at KBC Securities; PT 10 euros
* Vonovia Rated New Buy at Baader Helvea; PT 33 euros

>>> Call
* Nemetschek Delivers Against High Bar, Morgan Stanley Says