>>> Europe : Brokers Upgrades & Downgrades - 12th of September 2024 V3(++)

>>> Up

* ABN Amro GDRs Raised to Neutral at JPMorgan; PT 15.30 euros

* Alten Raised to Outperform at BNPP Exane; PT 115 euros

* BILL Holdings Inc Raised to Outperform at BNPP Exane; PT $90 (+)

* Commerzbank Raised to Overweight at JPMorgan; PT 17.20 euros

* D'Ieteren Raised to Add at AlphaValue/Baader (++)

* Derwent London Raised to Outperform at Bernstein

* Diageo Raised to Buy at BofA (+)

* Equinor Raised to Hold at Berenberg
* HIAG Immobilien Raised to Buy at Baader Helvea

* Husqvarna Raised to Buy at Pareto Securities; PT 75 kronor (+)

* Husqvarna Raised to Buy at Carnegie; PT 75 kronor (+)

* Icade Raised to Outperform at Bernstein

* Land Sec. Raised to Outperform at Bernstein

* Legrand Raised to Buy at Deutsche Bank; PT 115 euros (+)

* Prosegur Raised to Neutral at Alantra Equities; PT 1.90 euros (++)

* Sage Raised to Outperform at BNPP Exane; PT 1,200 pence

* TAG Immobilien Raised to Outperform at Bernstein

* TKH GDRs Raised to Buy at Kempen & Co; PT 44 euros (++)

* TeamViewer Raised to Neutral at BNPP Exane; PT 13 euros

* Valeo Raised to Buy at BofA (+)

* Veolia PT Raised to 45.30 euros from 43.40 euros at Oddo BHF

>>> Down

* Air France-KLM Cut to Add at AlphaValue/Baader

* Antin Cut to Neutral at Citi; PT 14.30 euros

* Derwent London Cut to Hold at Stifel; PT 2,500 pence (+)

* Elis Cut to Add at IDMidcaps; PT 18 euros (++)

* Fleury Michon Cut to Reduce at Portzamparc; PT 25 euros (+)
* Ionos Cut to Neutral at BNPP Exane; PT 27 euros

* James Fisher Cut to Hold at Canaccord; PT 375 pence (+)

* LISI Cut to Hold at Kepler Cheuvreux; PT 30 euros (++)

* Micron Cut to Underperform at BNPP Exane; PT $67 (+)

* Planisware Cut to Underperform at BNPP Exane; PT 23 euros

* Roche Bobois SAS Cut to Sell at TP ICAP Midcap; PT 39 euros (+)

* Sanofi Cut to Neutral at CIC; PT 110 euros (++)

* Simon Property Cut to Hold at Stifel After Outperforming Sector (++)

* WDP Cut to Underperform at Bernstein

>>> Initiation

* Distribuzione Elettrica Adriatica Rated New Buy at Banca Profilo (++)
* GlobalData Rated New Buy at Berenberg; PT 295 pence

* Kongsberg Automotive Reinstated Buy at ABG; PT 2 kroner

* Lime Technologies Rated New Buy at Nordea; PT 405 kronor

* RELX Rated New Buy at ING; PT 4,309.40 pence

* Safran Started at Outperform by RBC, Target Started at EUR240

>>> Call

* Bernstein Raises Five European Property Stocks as Cycle Bottomed (++)

* Diageo Leads Spirit Makers Higher as BofA Now More Constructive (++)

* GlobalData New Buy at Berenberg, Has Multiple Growth Levers

* Safran New Outperform at RBC on Continued Aftermarket Strength

* Valeo Gains as BofA Upgrades, Sees Company Turning a Corner (++)

* Veolia PT Boosted to Street-High at Oddo BHF on Growth Strategy