>>> Europe : Brokers Upgrades & Downgrades - 14th of April 2025 V3(++)

>>> Up
* Atlassian Raised to Outperform at Baird; PT $255
* America Movil ADRs Raised to Buy at HSBC; PT $17.50
* Apple Raised to Sector Weight at KeyBanc
* ConvaTec Raised to Add at Peel Hunt; PT 280 pence (++)
* DocMorris Raised to Buy at Research Partners; PT 38 Swiss francs (++)
* DuPont de Nemours Raised to Overweight at KeyBanc; PT $81
* Freeport Raised to Buy at HSBC; PT $40
* Galp Raised to Outperform at Mediobanca SpA; PT 17.50 euros
* Handelsbanken Raised to Buy at SEB Equities; PT 127 kronor
* Holcim Raised to Buy at Research Partners; PT 120 Swiss francs (++)
* Indutrade Raised to Buy at SEB Equities; PT 285 kronor
* Lundin Gold Raised to Buy at Cormark Securities; PT C$54 (++)
* Metso Raised to Accumulate at Inderes; PT 9.50 euros
* Peloton Raised to Buy at Deutsche Bank; PT $6.60 (++)
* QT Group Raised to Buy at Inderes; PT 85 euros
* Rightmove Raised to Equal-Weight at Barclays; PT 700 pence
* Rubis Raised to Buy at Kepler Cheuvreux; PT 33 euros (++)
* Saipem Raised to Outperform at Mediobanca SpA; PT 2.30 euros
* Sparebanken Ost Raised to Buy at Pareto Securities; PT 80 kroner (+)
* Sparebanken More Raised to Buy at Pareto Securities (+)
* Symrise Raised to Buy at Citi; PT 120 euros
* YPF ADRs Raised to Hold at HSBC; PT $33

>>> Down
* Acciona Cut to Neutral at JB Capital Markets; PT 136 euros (+)
* Acciona Energia Cut to Neutral at JB Capital Markets (+)
* Amazon PT Cut to $225 from $273 at Citi (++)
* Antin Cut to Neutral at Citi; PT 11 euros (+)
* ASML ADRs Cut to Underperform at GF Securities; PT $582
* Castellum Raised to Buy at Arctic Securities; PT 125 kronor (+)
* CTT Cut to Neutral at Grupo Santander; PT 7.90 euros
* Danone Cut to Neutral at Citi; PT 73 euros
* EDP SA Cut to Neutral at JB Capital Markets; PT 3.55 euros (+)
* Elia Group Cut to Hold at Deutsche Bank; PT 85 euros (+)
* Euronext Cut to Underperform at BNPP Exane; PT 114 euros (+)
* InterContinental Hotels Raised to Hold at Deutsche Bank (+)
* Maersk Cut to Hold at Arctic Securities; PT 11,000 kroner
* Meta PT Cut to $655 from $780 at Citi (++)
* Metall Zug Cut to Hold at Kepler Cheuvreux (+)
* Nostrum Oil & Gas Cut to Hold at Canaccord; PT 5 pence (+)
* Outokumpu Raised to Buy at Deutsche Bank; PT 3.70 euros (+)
* Scandinavian Astor Group Cut to Hold at Pareto Securities (++)
* Stellantis Cut to Neutral at UBS; PT 8.80 euros (++)
* Tenaris Cut to Neutral at Mediobanca SpA; PT 18 euros
* TotalEnergies Cut to Underperform at Mediobanca SpA; PT 58 euros
* Tullow Cut to Hold at Canaccord; PT 14 pence (+)
* Ypsomed PT Cut to 360 Swiss francs at Deutsche Bank (++)

>>> Initiation
* Afentra PLC Rated New Buy at Stifel; PT 90 pence
* Ashtead Rated New Buy at Baptista Research; PT 6,440 pence (++)
* Duni Rated New Buy at Kepler Cheuvreux; PT 115 kronor (+)
* GE Vernova Rated New Buy at President Capital Management (+)
* JPMorgan Rated New Hold at KGI Securities; PT $260

>>> Call
* Barclays Strategists Upgrade Quality European Stocks, Cut Value (+)
* Convatec Gains After Lifting Sales Outlook on LCD Delay in US (++)
* Citi Downgrades US Stocks to Neutral, Lifts Japan to Overweight
* Citi’s Chronert Slashes S&P 500 Target, Sees Lower EPS Estimates (+)
* Goldman Sachs Rebalances US Portfolio Strategy Sector Baskets
* Morgan Stanley’s Wilson Cuts 2025 EPS Estimate on Tariffs Impact (+)
* Norwegian Cruise Upgraded at CFRA on Strong Demand, Valuation