>>> Europe : Brokers Upgrades & Downgrades - 13th of July 2026 V3(++)

>>> Up
* American Express Raised to Overweight at JPMorgan; PT $400
* Computacenter Raised to Buy at Stifel; PT 5,235 pence (+)
* Deckers Outdoor Raised to Buy at Jefferies; PT $130 (+)
* DocMorris Raised to Buy at Deutsche Bank; PT 11.50 Swiss francs
* EFG International Raised to Buy at Citi; PT 18.80 Swiss francs (+)
* Fluidra Raised to Buy at Bestinver; PT 26.80 euros (+)
* IQE Raised to Buy at Panmure Liberum; PT 50 pence (++)
* Shopify Raised to Buy at Jefferies; PT C$225.98

>>> Down
* AstraZeneca Cut to Hold at HSBC; PT 13,750 pence
* Huhtamaki Cut to Hold at SEB Equities; PT 27 euros
* Klarabo Sverige Cut to Neutral at SB1 Markets; PT 14.10 kronor
* Logista Cut to Neutral at Oddo BHF; PT 34.50 euros

>>> Initiation
* Capita Reinstated Buy at Investec; PT 325 pence
* Costco Rated New Sector Perform at RBC; PT $1,000
* Epiroc Rated New Buy at SB1 Markets; PT 320 kronor
* Femsa ADRs Rated New Underperform at Baptista Research
* GE Vernova Rated New Neutral at Fubon; PT $1,205
* Honeywell Aerospace Rated New Inline at Evercore ISI; PT $250
* IONOS Group SE Rated New Buy at BofA; PT 37 euros (++)
* Jardine Matheson Rated New Buy at DBS Bank; PT $90
* Sandvik Rated New Neutral at SB1 Markets; PT 400 kronor

>>> Call
* Citi Strategists Double Downgrade UK Stocks, Upgrade Financials (+)
* EFG International Upgraded at Citi After Recent Stock Weakness (+)
* Goldman Sees Nifty Rising 10% by June as India Outlook Improves
* Logista Drops as Oddo BHF Downgrades to Neutral on Valuation (++)
* Stocks Struggle at the Start of Fed-Hiking Cycles, Goldman Says (+)
* Morgan Stanley Strategists See US Rally Broadening on Earnings (+)
* Morgan Stanley’s Wilson Sees Profit Boost for Stocks Beyond Tech (++)
* RBC’s Calvasina Upgrades Tech to Overweight, Cuts Utilities (+)
* Oxford Nanopore’s 1H Results Are Disappointing, RBC Says (+)