>>> Europe : Brokers Upgrades & Downgrades - 10th of April 2025 V2(+)

>>> Up
* Addnode Group AB Raised to Buy at Kepler Cheuvreux
* Bjorn Borg Raised to Accumulate at Inderes; PT 55 kronor
* BT Raised to Neutral at BNPP Exane; PT 140 pence
* Carnival Raised to Equal-Weight at Morgan Stanley; PT $21
* Carnival Plc Raised to Equal-Weight at Morgan Stanley
* Coloplast Raised to Hold at Nordea
* DiaSorin Raised to Hold at Kepler Cheuvreux
* Elisa Raised to Neutral at BNPP Exane; PT 45 euros
* Fagron PT Raised to 25 euros at Bank Degroof Petercam (+)
* Ferrovial Raised to Outperform at Renta 4; PT 50 euros
* Hikma Raised to Buy at Jefferies; PT 2,400 pence
* Huhtamaki Raised to Buy at Inderes; PT 38 euros
* Hoist Finance Raised to Buy at SEB Equities; PT 96 kronor
* ManpowerGroup Raised to Equal-Weight at Barclays; PT $50
* Marks Electrical Group Raised to Buy at Cavendish; PT 65 pence (+)
* Mears Raised to Buy at Peel Hunt; PT 405 pence (+)
* Richter Raised to Buy at HSBC; PT 11,700 forint
* Saint-Gobain Raised to Buy at Berenberg; PT 94 euros
* Saint-Gobain ADRs Raised to Buy at Berenberg; PT $20
* SCA Raised to Buy at SEB Equities; PT 145 kronor
* Telecom Italia Raised to Outperform at BNPP Exane
* Thule Raised to Buy at Pareto Securities; PT 325 kronor

>>> Down
* 1&1 Cut to Underperform at BNPP Exane; PT 12 euros
* Accor Cut to Hold at Kepler Cheuvreux
* Air France-KLM Cut to Neutral at JPMorgan; PT 8 euros
* Assa Abloy PT Cut to 280 kronor from 310 kronor at Deutsche Bank (+)
* Atresmedia Cut to Market Perform at Renta 4; PT 5.69 euros
* Basic-Fit Cut to Hold at KBC Securities; PT 20 euros (+)
* Endesa Cut to Market Perform at Renta 4; PT 27.40 euros
* Freenet Cut to Neutral at BNPP Exane; PT 36 euros
* H&M Cut to Reduce at Inderes; PT 130 kronor
* Iberdrola Cut to Market Perform at Renta 4; PT 16.60 euros
* IHG LN PT Cut to 7,500 pence at Kepler Cheuvreux
* Melia Hotels PT Cut to 6.05 euros at Kepler Cheuvreux
* Naturgy Cut to Underperform at Renta 4; PT 26.10 euros
* ProSieben Cut to Neutral at JPMorgan; PT 5.70 euros
* Redeia Cut to Underperform at Renta 4; PT 18.40 euros
* Schindler Cut to Hold at Deutsche Bank; PT 259 Swiss francs (+)
* Schneider Electric PT Cut to 225 euros at Deutsche Bank (+)
* Swisscom Cut to Neutral at BNPP Exane; PT 480 Swiss francs
* Talgo Cut to Market Perform at Renta 4; PT 3.80 euros
* United Internet Cut to Underperform at BNPP Exane; PT 15 euros

>>> Initiation
* AST SpaceMobile Rated New Buy at Roth Capital Partners; PT $42
* Elia Group Re-Initiated Accumulate at KBC Securities
* Kenvue Rated New Neutral at Redburn; PT $23.50
* MJ Gleeson Rated New Buy at Cavendish; PT 606 pence (+)
* Orsted Rated New Buy at Clarksons; PT 340 kroner

>>> Call
* Barclays’ Martinez-Ostos Sees No Recession in Mexico, US in 2025
* Citi’s Scott Chronert Says He’s A Buyer of Megacap Stocks
* Goldman Drops Recession Call on Tariff Pause: Financials Wrap
* Goldman Sachs Cuts China GDP Growth Forecasts for 2025 and 2026
* Add China Defensive Stocks Amid Tariff Risk, Morgan Stanley Says
* Citi Strategists Upgrade US and Europe Equities, Downgrade HSCEI
* Grifols Could Be a Tariffs and Recession Winner, Barclays Says (+)
* Morgan Stanley Keeps Barclays at Overweight, Cuts Medium-term Profit Outlook (+)