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

>>> Up
* ADP Raised to Buy at Redburn; PT 140 euros
* Dormakaba Raised to Outperform at Oddo BHF; PT 546 Swiss francs
* Enagas Raised to Buy at Mirabaud Securities; PT 18.30 euros
* Enel Raised to Buy at Jefferies; PT 8 euros
* Inter Parfums Raised to Buy at Jefferies; PT $140
* Intrum Raised to Hold at ABG; PT 33 kronor
* Polar Capital Raised to Buy at Investec; PT 635 pence
* Suedzucker Raised to Hold at M.M. Warburg; PT 12.50 euros (+)
* VW Raised to Neutral at Redburn; PT 110 euros

>>> Down
* Air France-KLM Cut to Hold at HSBC; PT 8.40 euros
* BW LPG Cut to Hold at Pareto Securities; PT 185 kroner (+)
* Diageo Cut to Sell at Goldman; PT 2,450 pence (+)
* Diageo ADRs Cut to Sell at Goldman; PT $125
* Grenergy Renovables Cut to Market Perform at Renta 4 (+)
* IAG Cut to Hold at HSBC; PT 170 pence
* Kempower Cut to Reduce at Inderes; PT 19 euros
* Ryanair Cut to Hold at HSBC; PT 16.50 euros
* Spirit Aero Cut to Neutral at Baird; PT $37.25
* Tesla Cut to Sell at UBS; PT $197
* Tryg Cut to Hold at Jyske Bank; PT 170 kroner
* Visteon Cut to Neutral at Baird; PT $120

>>> Initiation
* ARM Holdings PLC ADRs Rated New Neutral at Fubon; PT $160 (+)
* CAB Payments Rated New Buy at Shore Capital; PT 125 pence (+)
* Paratus Energy Services Rated New Buy at Pareto Securities
* Theon International Rated New Buy at Marex; PT 16.70 euros
* UMG Rated New Peerperform at Wolfe
* VAT Rated New Neutral at BNPP Exane

>>> Call
* Enel Raised to Buy at Jefferies on Power-Price Recovery (+)