>>> Europe : Brokers Upgrades & Downgrades - 10th of July 2026 V2(+)

>>> Up
* ArcelorMittal Raised to Neutral at JPMorgan; PT 57 euros
* Deutsche Bank Raised to Market Perform at KBW; PT 32 euros
* Ekinops SAS Raised to Buy at TP ICAP Midcap; PT 3 euros (+)
* Glencore Upgraded from Neutral to Buy at Goldman Sachs
* Leonardo Raised to Buy at Jefferies; PT 68 euros
* Linedata Raised to Strong Buy at Portzamparc; PT 56 euros (+)
* Mediobanca Raised to Buy at Deutsche Bank; PT 29.40 euros
* MOL Raised to Buy at Concorde; PT 4,430 forint (+)
* Nanobiotix SA Raised to Strong Buy at Portzamparc; PT 56 euros (+)
* Salzgitter Raised to Overweight at JPMorgan; PT 65 euros
* Voestalpine Raised to Overweight at JPMorgan; PT 50 euros

>>> Down
* ABB Cut to Hold at ABG; PT 85.53 Swiss francs
* Duerr Cut to Hold at Berenberg; PT 21 euros
* Eezy Cut to Reduce at Inderes; PT 18 euro cents
* Glencore PT cut from 560 to 520 at JP Morgan
* Glenveagh Cut to Hold at Deutsche Bank; PT 2.40 euros
* Intertek Cut to Neutral at Rothschild & Co Redburn
* Melexis Cut to Hold at Deutsche Bank; PT 75 euros
* Siemens Healthineers Cut to Hold at Berenberg; PT 39 euros (+)
* Troax Cut to Hold at Berenberg; PT 120 kronor
* Watches of Switzerland Cut to Hold at Jefferies; PT 740 pence
* Wise Cut to Hold at Peel Hunt; PT $12.09 (+)
* Wizz Air Cut to Underperform at RBC; PT 900 pence

>>> Initiation
* LKFT US Reinstated Equal-Weight at Morgan Stanley; PT $30

>>> Call
* Deutsche Bank Raised to Market Perform as Downside Limited: KBW