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

>>> Up
* Aberdeen Group Raised to Overweight at JPMorgan; PT 218 pence
* AO World Raised to Hold at Canaccord; PT 105 pence (+)
* BAE Raised to Buy at BofA (+)
* CBrain Raised to Buy at ABG; PT 230 kroner
* Eviso Raised to Buy at TP ICAP Midcap; PT 14 euros (+)
* Holcim Raised to Overweight at Barclays; PT 109 Swiss francs
* Kongsberg Raised to Buy at BofA (+)
* Umicore Raised to Buy at Goldman; PT 16 euros
* Yum Raised to Buy at Redburn; PT $177

>>> Down
* Bankinter Cut to Neutral at UBS (+)
* CaixaBank Cut to Neutral at UBS (+)
* Credit Agricole Cut to Neutral at Grupo Santander (+)
* GAP Airports ADRs Cut to Underperform at Bradesco BBI; PT $215
* L'Oreal Cut to Neutral at CIC; PT 400 euros (+)
* Marlowe Cut to Sector Perform at RBC; PT 466 pence
* McDonald's Cut to Sell at Redburn; PT $260
* Pantheon Infrastructure Cut to Hold at Stifel (+)
* RENK Group Cut to Underperform at BofA (+)
* Saab Cut to Hold at SEB Equities; PT 485 kronor
* Saab Cut to Underperform at BofA (+)
* Safran Cut to Neutral at Citi; PT 275 euros (+)
* Solaria Energia Cut to Sell at Bestinver; PT 8.10 euros
* Telia Cut to Neutral at Redburn; PT 38.40 kronor
* Wizz Air Cut to Hold at Trigon Dom Maklerski; PT 1,200 pence (+)
* Wizz Air Cut to Reduce at AlphaValue/Baader (+)

>>> Initiation
* Amazon Reinstated Buy at William O'Neil
* AMS-Osram Rated New Hold at Bankhaus Metzler (+)
* BAE Rated New Neutral at CIC; PT 2,150 pence (+)
* Chipotle Rated New Neutral at Redburn; PT $55
* Deutsche Bank Reinstated Buy at BofA; PT 29 euros
* Domino's Pizza Rated New Sell at Redburn; PT $340
* Elmos Semiconductor Rated New Buy at Bankhaus Metzler (+)
* SoftwareONE Rated New Buy at Pareto Securities
* Sylvania Platinum Rated New Buy at Berenberg; PT 85 pence
* Tecan Rated New Buy at Berenberg; PT 220 Swiss francs
* UCB Rated New Buy at Intron Health; PT 215 euros

>>> Call
* Aberdeen Upgraded at JPMorgan, Placed on Positive Catalyst Watch
* Berenberg: Dassault Systèmes' Mid-term Reset Comes Without Much Upside Potential
* Tecan Offers Quality at Discount, Initiated Buy at Berenberg
* UCB Rated New Buy at Intron Health on Ebitda Margin Step Change