>>> Europe : Brokers Upgrades & Downgrades - 12th of March 2025

>>> Up
* Argenx Raised to Hold at Deutsche Bank; PT 575 euros
* Eaton Corp Raised to Overweight at KeyBanc; PT $340
* Nvidia Raised to Buy at Punto Casa de Bolsa; PT $131
* OKEA Raised to Buy at DNB Markets; PT 23 kroner
* Richemont Raised to Reduce at AlphaValue/Baader
* Roche Upgraded to Buy at Intron Health on Ocrevus Upside Risk
* Treatt Raised to Equal-Weight at Barclays; PT 480 pence
* TGS Raised to Buy at SEB Equities; PT 125 kroner

>>> Down
* BioNTech ADRs PT Cut to $151 from $172 at Truist Secs
* IAG Cut to Underweight at Barclays; PT 250 pence
* Harbour Energy Cut to Hold at Berenberg; PT 205 pence
* HP Enterprise Cut to Neutral at Daiwa; PT $16
* Lufthansa Cut to Underweight at Barclays; PT 6.50 euros
* Nichols Cut to Hold at Peel Hunt; PT 1,300 pence
* Team Internet Group PLC Cut to Hold at HSBC; PT 60 pence
* Traton Cut to Hold at DZ Bank; PT 35 euros
* Verizon Cut to Peerperform at Wolfe

>>> Initiation
* Brunello Cucinelli Rated New Overweight at Morgan Stanley
* Deutsche Post Rated New Buy at Jefferies; PT 60 euros
* DSV Reinstated Buy at Jefferies; PT 1,700 kroner
* Kazatomprom GDRs Rated New Buy at Stifel Canada; PT $50
* Titan America Rated New Buy at HSBC; PT $19

>>> Call
* Skepticism for US Stocks Deepens as Goldman Cuts S&P 500 Target