>>> Europe : Brokers Upgrades & Downgrades - 14th of April 2026 V2(+)

>>> Up
* ACS Raised to Overweight at Morgan Stanley; PT 150 euros
* Alm Brand Raised to Buy at Jyske Bank; PT 18.50 kroner
* Biogen Raised to Overweight at Piper Sandler; PT $214 (1)
* Continental Raised to Overweight at Barclays; PT 72 euros
* DNB Bank Raised to Buy at Pareto Securities; PT 340 kroner (+)
* Eastman Chemical Raised to Overweight at JPMorgan; PT $80
* Ford Raised to Buy at UBS; PT $15
* Genmab Raised to Buy at Jyske Bank; PT 2,300 kroner (+)
* Glencore Raised to Buy at HSBC; PT 620 pence
* Michelin Raised to Equal-Weight at Barclays; PT 30 euros
* Naturgy Raised to Overweight at JPMorgan; PT 30.50 euros
* Netcompany Price Target Raised to DKK 435 from DKK 410 by Nordea
* PhotoCure Raised to Buy at ABG; PT 80 kroner
* Spyre Therapeutics Inc PT Raised to $106 from $49 at Leerink
* Spyre Therapeutics Inc PT Raised to $85 from $47 at Jefferies
* Standard Chartered Raised to Outperform at BNP Paribas
* Standard Chartered ADRs Raised to Outperform at BNP Paribas
* Temenos Raised to Buy at Citi; PT 90 Swiss francs
* TGS Raised to Neutral at SB1 Markets; PT 110 kroner
* Var Energi Price Target Raised to NOK 52 from NOK 38 by Nordea

>>> Down
* Aixtron Cut to Hold at Deutsche Bank; PT 38 euros
* Barclays Cut to Neutral at BNP Paribas; PT 485 pence
* Barclays ADRs Cut to Neutral at BNP Paribas; PT $26
* Barratt Redrow Cut to Equal-Weight at Morgan Stanley
* Berkeley Cut to Underweight at Morgan Stanley; PT 2,990 pence
* Elia Group Cut to Neutral at Citi; PT 141 euros
* EQT Cut to Neutral at Citi; PT 325 kronor
* GE Vernova Cut to Sell at Punto Casa de Bolsa; PT $839
* HSBC ADRs Cut to Neutral at BNP Paribas; PT $97
* HSBC Cut to Neutral at BNP Paribas; PT 1,450 pence
* Nexi Cut to Neutral at Goldman; PT 3.50 euros
* Nexi Cut to Neutral at Citi; PT 3.40 euros
* Orthex Cut to Reduce at Inderes; PT 5 euros
* Partners Group Cut to Neutral at Citi; PT 940 Swiss francs
* Secure Waste Cut to Sector Perform at Peters & Co; PT C$23
* Tikehau Capital Cut to Neutral at Citi; PT 18 euros
* Worldline Cut to Sell at Goldman; PT 23 euro cents

>>> Initiation
* Airbus Rated New Neutral at BNP Paribas; PT 190 euros
* Banca Profilo Rated New Buy at Intesa Sanpaolo; PT 35 euro cents (+)
* Campbell's Rated New Neutral at BTIG
* Conagra Rated New Neutral at BTIG
* General Mills Rated New Neutral at BTIG
* Guardian Metal Resources Rated New Outperform at BMO
* Hershey Rated New Neutral at BTIG
* Iforex Financial Trading Rated New Corporate at Shore Capital
* Kraft Heinz Rated New Neutral at BTIG
* Mondelez Rated New Buy at BTIG; PT $70
* MTU Aero Rated New Outperform at BNP Paribas; PT 410 euros
* Rising Stone SAS Rated New Buy at TP ICAP Midcap; PT 67 euros (+)
* Safran Rated New Neutral at BNP Paribas; PT 330 euros
* Simply Good Foods Rated New Neutral at BTIG

>>> Call
* BNP Paribas Rates Aerospace, Defense: EMEA Industrials Premarket (+)
* Citi Upgrades US Stocks, Cuts EM on Iran War Resolution Hopes
* Galp Should Rise as Beat Lifts 1Q Expectations, Says Barclays (+)
* Nestlé Resumed at BofA With Buy Rating on Volume Growth Optimism (+)