>>> Europe : Brokers Upgrades & Downgrades - 8th of May 2024 V3(++)

>>> Up
* Adecco Raised to Outperform at RBC
* Aspo Raised to Accumulate at OP Corporate Bank; PT 6.30 euros (++)
* Block Raised to Buy at Phillip Secs; PT $96
* Centrica Raised to Buy at UBS (++)
* Coface Raised to Hold at Kepler Cheuvreux; PT 15.30 euros (++)
* Embellence Group Raised to Outperform at Handelsbanken (++)
* Fluidra Raised to Market Perform at Renta 4; PT 21.65 euros (++)
* Geberit Raised to Buy at Stifel; PT 600 Swiss francs
* Geberit Raised to Hold at Kepler Cheuvreux; PT 560 Swiss francs (++)
* International Flavors Raised to Overweight at JPMorgan; PT $100
* KGHM Raised to Overweight at Morgan Stanley; PT 172 zloty
* Lindt & Spruengli Raised to Equal-Weight at Barclays (++°
* Lufthansa Raised to Overweight at Barclays; PT 9 euros
* Mondi Raised to Outperform at Davy; PT 1,750 pence (+)
* 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
* UBS Cut to Hold at Deutsche Bank; PT 28 Swiss francs (++)
* Uniper Raised to Hold at Bankhaus Metzler; PT 49 euros (+)
* Vestas Raised to Buy at Deutsche Bank (++)

>>> Down
* Alliance Cut to Sell at Stifel (+)
* Axactor Cut to Hold at Nordea
* Axactor Cut to Hold at DNB Markets; PT 4.60 kroner (++)
* Cargotec Cut to Underperform at Handelsbanken (++)
* DBV Tech ADRs PT Cut to $5 from $10 at HC Wainwright (++)
* ElringKlinger Cut to Neutral at JPMorgan; PT 8.30 euros
* FinecoBank Cut to Accumulate at Banca Akros (+)
* GN Store Nord Cut to Hold at Jyske Bank; PT 220 kroner (++)
* Himalaya Shipping Cut to Hold at DNB Markets; PT 99 kroner (++)
* Karnov Group Cut to Hold at Berenberg
* Koskisen Cut to Accumulate at OP Corporate Bank; PT 8.20 euros (++)
* Lagercrantz Cut to Underperform at Handelsbanken (++)
* Maire Tecnimont Cut to Neutral at Mediobanca SpA; PT 8 euros
* Nasdaq Inc. Cut to Neutral at Rosenblatt Securities Inc; PT $64
* Synlab Cut to Neutral at Oddo BHF; PT 10 euros (++)
* Raisio Cut to Accumulate at Inderes; PT 2.20 euros
* WK Kellogg Cut to Underperform at BNPP Exane; PT $20 (+)

>>> Initiation
* 4imprint Rated New Buy at UBS; PT 8,030 pence (++)
* Assura Rated New Buy at Deutsche Bank (++)
* Beazley Rated New Buy at Deutsche Bank (++)
* Big Yellow Group Rated New Hold at Deutsche Bank (++)
* Coats Rated New Buy at Deutsche Bank (+)
* Derwent London Rated New Buy at Deutsche Bank (+)
* Elementis Rated New Buy at Deutsche Bank (+)
* Great Portland Rated New Buy at Deutsche Bank (++)
* Hammerson Rated New Buy at Deutsche Bank (++)
* Hiscox Rated New Buy at Deutsche Bank (++)
* Instalco AB Rated New Buy at Danske Bank Markets; PT 50 kronor (++)
* Johnson Matthey Re-Initiated Buy at Deutsche Bank (+)
* Keywords Studios Rated New Buy at UBS; PT 1,900 pence (++)
* Land Sec. Rated New Hold at Deutsche Bank (++)
* Lancashire Rated New Buy at Deutsche Bank (++)
* LondonMetric Rated New Hold at Deutsche Bank (++)
* Luceco Rated New Buy at Deutsche Bank (++)
* Primary Health Rated New Buy at Deutsche Bank (++)
* Richter Rated New Buy at Patria Finance; PT 12,640 forint
* Safestore Rated New Hold at Deutsche Bank (++)
* Saga Rated New Buy at Deutsche Bank (++)
* Segro Rated New Buy at Deutsche Bank (++)
* Shaftesbury Capital Rated New Hold at Deutsche Bank (++)
* Smurfit Kappa Rated New Buy at Deutsche Bank (++)
* Synthomer Rated New Hold at Deutsche Bank (++)
* Thyssenkrupp Nucera Rated New Outperform at RBC; PT 21 euros
* Trustpilot Rated New Buy at UBS; PT 250 pence (++)
* Unifiedpost Group Rated New Neutral at Oddo BHF; PT 4.50 euros
* Victrex Rated New Hold at Deutsche Bank (++)
* XP Power Rated New Buy at Deutsche Bank (++)
* YouGov Rated New Neutral at UBS; PT 960 pence (++)

>>> Call
* Adecco Near End of Downgrade Cycle, Raised to Outperform at RBC
* Centrica Gains as UBS Says Stock Too Cheap, Nuclear Positive (++)
* Citi’s Montagu Says S&P 500 Futures Flows Show Curbed Enthusiasm
* Geberit Upgraded at Kepler, Sees Restocking Driving Volumes (+)
* Instalco Gains as Danske Initiates at Buy on Burgeoning Growth (++)
* Landis + Gyr Drops; Vontobel Says Outlook Is a ‘Touch Slower’ (++)
* Lanxess 1Q Beats; Jefferies Flags Significantly Negative FCF (+)
* Munich Re Shares Rise, Upgrades Seen on Quality Results: Citi (++)
* REN Rises; RBC Upgrades, Sees Higher Spending Improving Returns (++)
* Rubis Slides on Weak Update; CIC Blames Poor Africa Performance (++)
* TeamViewer Gains After Upgrades at JPMorgan, Morgan Stanley (+)
* Thyssenkrupp Nucera Rated New Outperform at RBC on Execution
* UBS PT Raised at RBC, Sees Buffer Against Capital Requirements (+)