>>> Europe : Brokers Upgrades & Downgrades - 12th of August 2024 V2(+)

>>> Up
* Atlantic Lithium Raised to Outperform at Macquarie; PT 20 pence
* Beazley PT Raised to 1,025 pence from 1,000 pence at RBC
* Bellway Raised to Add at Peel Hunt; PT 3,020 pence
* BE Semiconductor Raised to Buy at Stifel; PT 140 euros
* Bittium Raised to Accumulate at Inderes; PT 8 euros
* Diageo Raised to Sector Perform at RBC; PT 2,400 pence
* Hargreaves Lansdown Raised to Neutral From Sell by Citi, PT raised from 700p to 1,100p
* Lundin Gold Raised to Buy at Pareto Securities; PT C$28.70
* Puma Raised to Buy at Baader Helvea; PT 45 euros
* Rheinmetall Raised to Buy at M.M. Warburg; PT 600 euros (+)

>>> Down
* Grenke Cut to Neutral at Oddo BHF; PT 27.30 euros
* Hilton Grand Vacations Cut to Neutral at JPMorgan; PT $36
* JD Sports Cut to Sell at Deutsche Bank; PT 110 pence (+)
* Pihlajalinna Cut to Accumulate at Inderes; PT 11 euros

>>> Initiation
* Aoti Rated New Buy at Peel Hunt; PT 169 pence
* Baltic Classifieds Group Rated New Hold at Wood & Company
* Cargotec Rated New Neutral at BNPP Exane; PT 48 euros (+)
* Conagra Rated New Buy at Goldman; PT $36 (+)
* General Mills Rated New Buy at Goldman; PT $76 (+)
* Hershey Rated New Sell at Goldman; PT $185 (+)
* Kalmar Rated New Outperform at BNPP Exane; PT 33 euros (+)
* Kellanova Rated New Neutral at Goldman; PT $75 (+)
* Kraft Heinz Rated New Sell at Goldman; PT $34 (+)
* Mondelez Rated New Buy at Goldman; PT $80 (+)

>>> Call
* Bellway Raised to Add at Peel Hunt After Strong End to Year
* Diageo Has Opportunity to Reset Expectations, RBC Upgrades
* Hannover Re Beats, Jefferies Says Guidance Likely to Be Exceeded (+)
* JD Sports Cut to Sell at Deutsche Bank on ‘Unwarranted’ Premium (+)
* Thyssenkrupp’s Steel Business Plans Lack Clarity: Morgan Stanley (+)