>>> Europe : Brokers Upgrades & Downgrades - 11th of May 2026 V2(+)

>>> Up
* AMS-Osram Raised to Buy at Jefferies; PT 21 Swiss francs
* BP Raised to Outperform at RBC; PT 700 pence
* Disney Raised to Buy at Phillip Secs; PT $130
* EDP Renovaveis Raised to Buy at HSBC; PT 15.90 euros
* Equinor Raised to Outperform at Grupo Santander; PT 415 kroner
* E.On Raised to Buy at Bankhaus Metzler; PT 24 euros (+)
* Hoegh Autoliners Raised to Buy at Pareto Securities
* Hoegh Autoliners Raised to Hold at ABG; PT 125 kroner
* MOL Raised to Buy at UBS; PT 5,100 forint
* NatWest Raised to Outperform at BNP Paribas; PT 680 pence
* NatWest ADRs Raised to Outperform at BNP Paribas; PT $18.20
* News Corp Raised to Outperform at Macquarie; PT $29.40
* Rheinmetall Raised to Buy at MP Capital Markets; PT 1,550 euros (+)
* Verisure Raised to Buy at BofA (+)
* Wallenius Wilhelmsen Raised to Buy at Pareto Securities

>>> Down
* Alcon Goldman Sachs abaisse à 71 (82) CHF - buy
* CNH Industrial Cut to Neutral at Goldman; PT $10.50
* Comet Cut to Hold at Bank Vontobel; PT 370 Swiss francs (+)
* d'Amico Intl Shipping Cut to Hold at Pareto Securities
* Dell Technologies Cut to Neutral at UBS; PT $243
* Elia Group Cut to Neutral at Goldman; PT 150 euros
* Eurofins Scientific Cut to Underperform at BofA (+)
* HelloFresh Cut to Sell at Stifel; PT 3.50 euros
* HubSpot Cut to Neutral at Macquarie; PT $190
* Intesa Sanpaolo Cut to Equal-Weight at Morgan Stanley
* Maire Cut to Neutral at BNP Paribas; PT 16 euros
* MTU Aero Cut to Hold at Berenberg; PT 350 euros
* Tokmanni Cut to Hold at SEB Equities; PT 6.50 euros (+)
* VAT Cut to Hold at Bank Vontobel; PT 645 Swiss francs (+)

>>> Initiation
* Acast Rated New Buy at SB1 Markets; PT 45 kronor
* Engcon Rated New Buy at SB1 Markets; PT 90 kronor
* Oklo Rated New Neutral at JPMorgan; PT $83
* OSB Group Rated New Buy at Cavendish; PT 702 pence (+)
* Paragon Rated New Buy at Cavendish; PT 1,033 pence (+)
* Shawbrook Group Reinstated Buy at Investec; PT 520 pence
* Shawbrook Group Rated New Buy at Cavendish; PT 476 pence (+)
* Stillfront Rated New Neutral at SB1 Markets; PT 6 kronor
* Tesla Rated New Add at Caitong Securities
* Ypsomed Rated New Buy at Citi; PT 360 Swiss francs

>>> Call
* BP Raised at RBC on Opportunity to Restore Financial Health
* Holcim on Positive Catalyst Watch, Sika Negative Watch: JPMorgan
* Intesa Sanpaolo Lacking Catalysts, Downgraded at Morgan Stanley
* MTU Aero Cut at Berenberg, More Cautious on Civil Aftermarket
* Stay Long Emerging Market Stocks in 2H: JPMorgan Strategists (+)