>>> Europe : Brokers Upgrades & Downgrades - 13th of December 2024 V3(++)

>>> Up

* Grenergy Renovables Raised to Outperform at Renta 4 (++)

* Hensoldt PT Raised to 52 euros at Hauck & Aufhaeuser (+)
* KBC Raised to Overweight at Barclays; PT 87 euros

* Lindt & Spruengli Raised to Buy at GSC Research (+)

* St James's Place Raised to Buy at Deutsche Bank (+)

>>> Down

* Allianz Cut to Hold at Jefferies; PT 325 euros

* Bastei Luebbe Cut to Hold at GSC Research; PT 11 euros (+)

* Braskem ADRs Cut to Neutral at Grupo Santander; PT $10

* Frasers Group Cut to Hold at Shore Capital; PT 675 pence (+)

* Leonteq Cut to Hold at Research Partners; PT 22 Swiss francs (+)

* Navigator Co Raised to Outperform at Renta 4; PT 4.77 euros (++)

* Peach Property Cut to Hold at M.M. Warburg; PT 9 Swiss francs (+)
* Pohjanmaan Arvo Sijoitusosuuskunta Cut to Accumulate at Inderes

* Portmeirion Cut to Hold at N+1 Singer; PT 250 pence (++)

* Scout24 SE Cut to Neutral at Grupo Santander; PT 88.20 euros

* TeamViewer Cut to Hold at Berenberg; PT 13 euros

* Ultrapar ADRs Cut to Neutral at Grupo Santander; PT $3.90

>>> Initiation

* Amplifon Reinstated Neutral at Goldman; PT 27 euros

* Barclays See European Banks Still Attractive on Valuations (+)

* Coty Rated New Neutral at Goldman; PT $9

* Elf Beauty Rated New Buy at Goldman; PT $165

* Fnac Darty Rated New Outperform at Bernstein; PT 42 euros (++)

* Fortum Reinstated Market Perform at Handelsbanken; PT 18 euros (++)
* Greggs Rated New Outperform at RBC; PT 3,240 pence

* HBM Healthcare Rated New Buy at CIC (+)

* TechnipFMC Rated New Buy at Goldman; PT $38

>>> Call
* Citi Says Lower Oil, Geopolitics to Pressure MENA Stocks in 2025 (++)

* Norwegian Cruise Raised at Barclays on Demand Optimism (++)

* Soitec Shares Rise; Bernstein Sees Firm on ‘Path to Recovery’ (++)

* TeamViewer Falls as Berenberg Cuts, Says 1E Deal Overpaid (++)

* Outokumpu Falls on Updated Guidance; May See Negative Ebitda (++)