>>> Europe : Brokers Upgrades & Downgrades - 9th of August 2023 V2(+)

>>> Up
* Abrdn plc Raised to Neutral at Citi; PT 180 pence
* Alfen Raised to Hold at Jefferies; PT 55 euros
* Bradesco ADRs Raised to Neutral at Grupo Santander; PT $3.60
* Dish Raised to Equal-Weight at Barclays; PT $10
* Domino's Pizza Group Raised to Hold at Jefferies; PT 410 pence
* DraftKings Raised to Neutral at JPMorgan; PT $26
* Equinor Raised to Outperform at RBC
* Fresenius SE Raised to Buy at Deutsche Bank (+)
* Norden Raised to Buy at SEB Equities; PT 400 kroner
* ProSieben Raised to Equal-Weight at Morgan Stanley
* Renault Raised to Buy at Citi
* VW Raised to Buy at Citi

>>> Down
* Allreal Cut to Market Perform at ZKB (+)
* Atlantic Lithium Cut to Hold at Liberum; PT 28 pence
* Bank of Ireland Cut to Neutral at BNPP Exane; PT 12.80 euros
* Bentley Systems Cut to Peerperform at Wolfe
* BMW Cut to Sell at Citi
* Celanese Cut to Neutral at JPMorgan; PT $122
* Mercedes Cut to Neutral at Citi
* NoHo Partners Cut to Accumulate at Inderes; PT 10 euros
* Odfjell Cut to Hold at Norne Securities; PT 100 kroner (+)
* Porsche AG Cut to Neutral at Citi
* Siemens Energy Cut to Neutral at JPMorgan; PT 18 euros
* Siemens Energy Cut to Reduce at AlphaValue/Baader (+)
* Stellantis Cut to Neutral at Citi
* Verbund Cut to Underweight at Morgan Stanley; PT 70 euros

>>> Initiation
* Aurubis Rated New Buy at UBS; PT 100 euros (+)
* Fortum Rated New Overweight at Morgan Stanley; PT 15 euros
* Tesla Rated New Outperform at Haitong Intl; PT $297.84 (+)

>>> Call
* Ahold’s European Margins ‘Less Pressured’ Than Feared: Jefferies (+)
* Alfen’s Momentum Starting to Improve, Jefferies Raises to Hold
* Domino’s Pizza Loses Only Sell as Jefferies Sees Growth Upside
* Equinor Supported by Dividend Outlook, RBC Raises to Outperform
* ProSieben Valuation Reflects Challenges, Morgan Stanley Upgrades
* Renault, Volkswagen Now Buys at Citi, BMW Downgraded to Sell