>>> Europe : Brokers Upgrades & Downgrades - 11th of June 2025 V2(+)

>>> Up
* Azimut Raised to Buy at Banca Akros (ESN); PT 31 euros (+)
* Bayer Raised to Buy at HSBC; PT 32 euros
* Bayer Raised to Buy at Kepler Cheuvreux; PT 33 euros (+)
* Capricorn Energy Raised to Neutral at Stifel; PT 253 pence
* Demant Raised to Outperform at BNPP Exane; PT 315 kroner (+)
* Faes Farma Raised to Buy at JB Capital Markets; PT 5.50 euros
* I-RES Raised to Overweight at Barclays; PT 1.20 euros
* Kojamo Raised to Overweight at Barclays; PT 12.50 euros
* Micron Raised to Hold at GF Securities; PT $116
* Note Raised to Buy at Pareto Securities; PT 178 kronor
* U-blox PT Raised to 118 Swiss francs at Bank Vontobel (+)

>>> Down
* Airtel Africa Cut to Equal-Weight at ABSA Securities
* Care Property Invest NV Cut to Hold at KBC Securities (+)
* Grainger Cut to Equal-Weight at Barclays; PT 225 pence
* Grieg Seafood Cut to Neutral at SpareBank; PT 64 kroner (+)
* Grupa Pracuj Cut to Sell at Citi; PT 58.60 zloty
* HKFoods Cut to Reduce at Inderes; PT 1.50 euros
* Nightingale Health Cut to Reduce at Inderes; PT 2.90 euros
* Orkla Cut to Hold at ABG; PT 120 kroner
* Sonova Cut to Underperform at BNPP Exane; PT 215 Swiss francs (+)

>>> Initiation
* DoorDash Rated New Hold at Stifel
* Dynavox Group Rated New Hold at Danske Bank Markets (+)
* Stora Enso ADRs Rated New Neutral at BNPP Exane; PT $10.40
* Traton Rated New Buy at ABG; PT 38.31 euros
* UPM-Kymmene ADRs Rated New Outperform at BNPP Exane; PT $34.20
* Wise Rated New Neutral at Cantor; PT 1,200 pence

>>> Call
* BT Set for ‘Break-Out,’ Added to Analyst Focus List at JPMorgan
* Citi’s Manthey Sees 3% Rally in Global Stocks Through End-2025 (+)
* Uber Rated New Buy at Stifel on Growth View; DoorDash Rated Hold