>>> Europe : Brokers Upgrades & Downgrades - 9th of September 2024 V3(++)

>>> Up
* Alior Raised to Neutral at Citi; PT 96.70 zloty
* Assa Abloy Raised to Buy at Danske Bank Markets (+)
* Azelis Raised to Overweight at Morgan Stanley; PT 22.30 euros
* Euronext PT Raised to 125 euros from 105 euros at Jefferies
* IMCD Raised to Equal-Weight at Morgan Stanley; PT 141 euros
* ING Slaski Raised to Buy at Citi; PT 303 zloty
* MBank Raised to Buy at Citi; PT 784 zloty
* Nucor Raised to Overweight at JPMorgan; PT $174
* Pekao Raised to Buy at Citi; PT 175 zloty
* Rightmove Raised to Hold at Jefferies; PT 720 pence
* SoftwareONE Raised to Buy at Baader Helvea (+)
* Steel Dynamics Raised to Neutral at JPMorgan; PT $131
* SUSS MicroTec Raised to Buy at Hauck & Aufhaeuser (+)
* Ubisoft Cut to Neutral at Cantor; PT 17.60 euros
* U.S. Steel Raised to Overweight at JPMorgan; PT $42
* Viafin Service Raised to Accumulate at Inderes; PT 18.50 euros

>>> Down
* Adidas Cut to Equal-Weight at Barclays; PT 215 euros
* Colgate-Palmolive Cut to Hold at Deutsche Bank (+)
* IVS Group Cut to Reduce at Equita; PT 7.15 euros (+)
* Kering Cut to Sector Perform at RBC; PT 290 euros
* Kering Cut to Underweight at Barclays; PT 210 euros
* Kion Cut to Neutral at Citi; PT 37 euros
* Nestle Cut to Equal-Weight at Barclays; PT 92 Swiss francs (+)
* Pernod Ricard Cut to Sell at Deutsche Bank; PT 106 euros (+)
* Remy Cointreau Cut to Hold at Deutsche Bank (+)
* Subsea 7 Cut to Neutral at BNPP Exane; PT 215 kroner (+)
* Tecnotree Cut to Sell at Inderes; PT 3 euros
* Volvo Cut to Hold at Danske Bank Markets (+)

>>> Initiation
* Galapagos Rated New Market Perform at Leerink; PT 24 euros (++)
* Natac Natural Ingredients Rated New Outperform at Renta 4 (++)
* Viscofan Re-Initiated Buy at Berenberg; PT 76 euros

>>> Call
* JPMorgan Strategists Prefer Defensive Stocks as Bond Yields Fall (++)
* Kering Cut to Sector Perform at RBC on Tougher Luxury Outlook
* Kion Cut at Citi on Growth Outlook, Kone Among Top Sector Picks
* Pernod Added to Jefferies’ Franchise Picks, Time to Buy Spirits
* Rightmove Upgraded at Jefferies on Potential Bid From REA Group
* UniCredit, Barclays Added to JPMorgan Top European Banks Picks (+)
* Viscofan Offers Best-in-Class Margins, Berenberg Rates at Buy