>>> Europe : Brokers Upgrades & Downgrades - 10th of June 2026

>>> Up
* Adidas Raised to Outperform at RBC; PT 210 euros
* Basic-Fit Raised to Buy at UBS; PT 43.50 euros
* Danone Raised to Outperform at Grupo Santander; PT 85 euros
* Ferragamo PT Raised to 9.85 euros from 7.50 euros at Citi
* GlobalFoundries Raised to Buy at Arete; PT $95
* GSK Raised to Hold at Intron Health; PT 2,000 pence
* Keskisuomalainen Raised to Accumulate at Inderes; PT 10.50 euros
* Repsol Raised to Buy at AlphaValue/Baader
* Schaeffler PT Raised to 13 euros from 9 euros at Citi
* Solvay Raised to Hold at Deutsche Bank; PT 26 euros
* STMicro Raised to Buy at BofA; PT 86 euros

>>> Down
* Admicom Price Target Cut to EUR 38 from EUR 39 by Nordea
* Elkem Cut to Hold at Nordea
* Nike Cut to Sector Perform at RBC; PT $50
* Sitowise Group Cut to Reduce at Inderes; PT 3.10 euros
* Soitec Cut to Underperform at Jefferies; PT 85 euros
* WIENERBERGER CUT TO UNDERWEIGHT AT MORGAN STANLEY, PT EU23

>>> Initiation
* Mondi Reinstated Underperform at BNP Paribas; PT 660 pence
* Mondi ADRs Reinstated Underperform at BNP Paribas; PT $17.80
* SCA Reinstated Neutral at BNP Paribas; PT 100 kronor
* Scandi Standard Rated New Buy at SB1 Markets; PT 170 kronor
* Stora Enso Reinstated Neutral at BNP Paribas; PT 10.50 euros
* Stora Enso ADRs Reinstated Neutral at BNP Paribas; PT $12.20
* UPM-Kymmene Reinstated Outperform at BNP Paribas; PT 30 euros

>>> Call
* Adidas Raised, Now Among RBC’s Favored Luxury Names, Nike Cut
* GSK Raised to Hold at Intron Health on Nuvalent Deal
* Li Auto Shares Hit 2022 Low on HSBC Price Cut, Outlook Downgrade
* Pfizer Upgraded at RBC on Balanced Risk Profile After Weakness
* Renovation Favored Over New Build, Wienerberger Cut at MS
* STMicro Set for Strong Earnings Inflection, BofA Raises to Buy