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

>>> Up
* Adecco Raised to Outperform at RBC
* Block Raised to Buy at Phillip Secs; PT $96
* Geberit Raised to Buy at Stifel; PT 600 Swiss francs
* International Flavors Raised to Overweight at JPMorgan; PT $100
* KGHM Raised to Overweight at Morgan Stanley; PT 172 zloty
* Lufthansa Raised to Overweight at Barclays; PT 9 euros
* Optomed Raised to Accumulate at Inderes; PT 5.80 euros
* Oxford Biomedica Raised to Buy at Investec; PT 366 pence
* REN Raised to Sector Perform at RBC; PT 2.30 euros
* TeamViewer Raised to Neutral at JPMorgan; PT 13.50 euros
* TeamViewer Raised to Equal-Weight at Morgan Stanley
* UBS PT Raised to 30 Swiss francs from 28 Swiss francs at RBC

>>> Down
* Axactor Cut to Hold at Nordea
* ElringKlinger Cut to Neutral at JPMorgan; PT 8.30 euros
* Karnov Group Cut to Hold at Berenberg
* Maire Tecnimont Cut to Neutral at Mediobanca SpA; PT 8 euros
* Nasdaq Inc. Cut to Neutral at Rosenblatt Securities Inc; PT $64
* Raisio Cut to Accumulate at Inderes; PT 2.20 euros

>>> Initiation
* Richter Rated New Buy at Patria Finance; PT 12,640 forint
* Thyssenkrupp Nucera Rated New Outperform at RBC; PT 21 euros
* Unifiedpost Group Rated New Neutral at Oddo BHF; PT 4.50 euros

>>> Call
* Adecco Near End of Downgrade Cycle, Raised to Outperform at RBC
* Citi’s Montagu Says S&P 500 Futures Flows Show Curbed Enthusiasm
* Thyssenkrupp Nucera Rated New Outperform at RBC on Execution