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

>>> Up
* ALK-Abello Raised to Buy at Danske Bank Markets (+)
* Allianz Raised to Overweight at Morgan Stanley; PT 248 euros
* Assura Raised to Buy at Peel Hunt
* British Land Raised to Buy at Peel Hunt
* BT Raised to Buy at Citi; PT 160 pence
* Derwent London Raised to Buy at Peel Hunt
* EDP Renovaveis Raised to Buy at Goldman; PT 26 euros
* Ferrari Raised to Neutral at Citi; PT $230.60
* Geberit Raised to Neutral at Goldman; PT 466 Swiss francs
* Great Portland Raised to Add at Peel Hunt
* GXO Logistics Raised to Overweight at Morgan Stanley; PT $60
* Hammerson Raised to Hold at Peel Hunt
* Hotel Chocolat Raised to Buy at Peel Hunt; PT 175 pence
* Knorr-Bremse Raised to Buy at Deutsche Bank; PT 68 euros
* Land Sec. Raised to Buy at Peel Hunt
* NewRiver Raised to Add at Peel Hunt
* Oracle Raised to Overweight at Piper Sandler; PT $104
* Segro Raised to Add at Peel Hunt
* Solaria Energia Raised to Buy at Goldman; PT 22.50 euros
* Tencent Music ADRs Raised to Neutral at Goldman; PT $8
* Tritax EuroBox Raised to Add at Peel Hunt
* Unicaja Raised to Outperform at KBW; PT 1.70 euros
* Unite Group Raised to Add at Peel Hunt
* Visa Raised to Overweight at KeyBanc; PT $210
* Weibo ADRs Raised to Buy at Goldman; PT $25
* Workspace Raised to Buy at Peel Hunt

>>> Down
* Adyen Cut to Sector Weight at KeyBanc
* Dios Cut to Hold at Kepler Cheuvreux; PT 78 kronor (+)
* Epiroc Cut to Sell at Deutsche Bank; PT 173 kronor
* Epiroc Cut to Sell at Pareto Securities; PT 190 kronor (+)
* Ericsson Cut to Hold at Handelsbanken
* Fresnillo Cut to Sector Perform at RBC; PT 920 pence
* Generali Cut to Underweight at Morgan Stanley; PT 17 euros
* Hilton Worldwide Cut to Hold at Jefferies; PT $134
* Johnson Matthey Cut to Hold at Stifel; PT 2,400 pence (+)
* Kone Cut to Sell at Deutsche Bank; PT 42 euros
* Marriott Intl Cut to Hold at Jefferies; PT $166
* PayPal Cut to Sector Weight at KeyBanc
* Rathbones Group Cut to Underperform at Jefferies; PT 1,720 pence
* Ratos Cut to Hold at Handelsbanken
* Renault Cut to Neutral at Citi; PT 39 euros
* Siemens Energy Cut to Hold at Deutsche Bank; PT 21 euros
* TotalEnergies Cut to Neutral at Goldman; PT 73 euros

>>> Initiation
* LSE Resumed Buy at Citi; PT 8,800 pence
* YouGov Rated New Buy at HSBC; PT 1,225 pence

>>> Call
* BT Upgraded to Join Deutsche Telecom, KPN as Citi Top Picks
* Ipsen Acquisition of Albireo Fits With Portfolio, Jefferies Says (+)
* MS Positive on Insurers Outlook, Upgrades Allianz, Cuts Generali
* MS Sees European Utilities Outperforming, Changes Six Ratings
* Peel Hunt Upgrades 12 Stocks With UK Real Estate Hitting Bottom
* Rathbones Gets Only Negative Rating as Jefferies Cites Valuation
* *Renault Cut to Neutral/High Risk From Buy/High Risk by Citi
* Vodafone PT Cut at Berenberg; Says Stock Is ‘Cheap For a Reason’