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

>>> Up

* Aramark Raised to Buy at Jefferies; PT $29

* Aurubis Raised to Outperform at Oddo BHF; PT 89 euros (+)
* Estee Lauder Raised to Hold at CFRA; PT $140 (Friday)

* Hexpol Raised to Buy at ABG; PT 120 kronor

* Hugo Boss Raised to Buy at Hauck & Aufhaeuser; PT 72 euros

* K-fast Holding Raised to Buy at Nordea; PT 21 kronor (+)

* RHI Magnesita Raised to Hold at Numis; PT 2,750 pence

* Rotork Raised to Buy at Numis; PT 370 pence

* Sanofi Raised to Buy at Banco Sabadell; PT 117 euros

* TI Fluid Raised to Hold at Numis; PT 130 pence

* Wallenstam Raised to Buy at Nordea; PT 43 kronor (+)

>>> Down

* Allianz Cut to Sell at Banco Sabadell; PT 251.83 euros
* Billerud Cut to Sell at Citi; PT 90 kronor

* Bodycote Cut to Hold at Numis; PT 700 pence

* Fiskars Cut to Reduce at Inderes; PT 17.50 euros

* Munich Re Cut to Sell at Banco Sabadell; PT 341.25 euros

* Vidrala Cut to Hold at Bestinver; PT 88 euros (+)

>>> Initiation

* ARM Holdings PLC ADRs Rated New Overweight at JPMorgan; PT $70

* ARM Holdings PLC ADRs Rated New Outperform at Cowen; PT $63

* ARM Holdings PLC ADRs Rated New Buy at Citi; PT $65

* ARM Holdings PLC ADRs Rated New Outperform at BNPP Exane; PT $65 (+)
* Hermes International SCA Rated New Sell at Banco Sabadell

* Judges Scientific New Buy at Berenberg, a Top UK Mid-Cap Pick

* Lonza Initiated Overweight at Barclays With Bad News Priced In

* Mytilineos Reinstated Overweight at Euroxx Securities

* Sandoz Group Rated New Buy at Jefferies; PT 30.80 Swiss francs

* Sartorius Stedim Biotech Rated New Equal-Weight at Barclays

* Talea Group Rated New Buy at Intermonte; PT 13.70 euros

>>> Call

* Aramark, Compass, Sodexo Raised, Jefferies Confident on Growth

* Billerud Cut at Citi, Positive Watches Opened on UPM, Mondi

* JPMorgan Strategists See Bond Yields Falling, Favor Duration (+)

* Morgan Stanley’s Wilson Says Fiscal Policy Could Pressure Stocks (+)