>>> Europe : Brokers Upgrades & Downgrades - 14th of January 2025 V2(+)

>>> Up
* A2A Raised to Buy at Equita; PT 2.70 euros (+)
* Air Products Raised to Overweight at Wells Fargo; PT $350
* Aixtron Raised to Buy at Van Lanschot Kempen; PT 21 euros
* Autoliv GDRs Raised to Buy at ABG; PT 1,200 kronor
* Carmila Raised to Neutral at BofA (+)
* Elisa Raised to Buy at ABG; PT 50 euros (+)
* Epiroc Raised to Buy at Pareto Securities; PT 235 kronor
* Epiroc Raised to Buy at ABG; PT 220 kronor
* Eurocommercial Raised to Buy at BofA (+)
* Fabege Raised to Hold at Nordea
* Hammerson Raised to Add at Peel Hunt; PT 300 pence
* Inmobiliaria Colonial Raised to Buy at BofA (+)
* Informa Raised to Overweight at Morgan Stanley; PT 1,000 pence
* IntegraFin Raised to Buy at Peel Hunt; PT 400 pence (+)
* Intrum Raised to Hold at Kepler Cheuvreux (+)
* Kerry Group Raised to Buy at Jefferies; PT 93 euros
* Partners Group PT Raised from 1330 CHT to 1510 CHF at Goldman Sachs
* NextEnergy Solar Raised to Hold at Stifel (+)
* Pirelli Raised to Buy at Goldman; PT 7.10 euros
* Pirelli Raised to Outperform at Mediobanca SpA; PT 6.40 euros (+)
* Richemont PT raised from CHF 140 to CHF 150 at Barclays
* Safran Raised to Buy at Jefferies; PT 260 euros
* Shaftesbury Capital Raised to Neutral at BofA; PT 135 pence (+)
* Sinch Raised to Equal-Weight at Morgan Stanley; PT 20.50 kronor
* Technoprobe Raised to Buy at Equita; PT 7.50 euros (+)
* Tenaris Raised to Outperform at Mediobanca SpA; PT 22.50 euros (+)
* Tritax Big Box Raised to Add at Peel Hunt; PT 155 pence
* Workspace Raised to Buy at Peel Hunt; PT 600 pence
* Worldline Raised to Equal-Weight at Morgan Stanley; PT 8 euros

>>> Down
* Ambu Cut to Underperform at Handelsbanken; PT 155 kroner (+)
* AT&S Cut to Hold at Deutsche Bank; PT 12 euros (+)
* BE Semiconductor Cut to Hold at Stifel; PT 140 euros
* Campari Cut to Neutral at BofA (+)
* CLS Holdings Cut to Hold at Peel Hunt; PT 85 pence
* CompuGroup Cut to Equal-Weight at Morgan Stanley; PT 22 euros
* DFDS cut PT from DKK 320 to DKK 270 at RBC
* Grand City Properties Cut to Underperform at BofA (+)
* Mercedes Cut to Neutral at Goldman; PT 59 euros
* Moncler Cut to Equal-Weight at Barclays; PT 56 euros
* NCAB Group Cut to Hold at Pareto Securities; PT 69 kronor
* Netcompany Cut to Hold at ABG; PT 360 kroner
* Nexi Cut to Underweight at Morgan Stanley; PT 4.75 euros
* Porsche SE Cut to Sell at Goldman; PT 35 euros
* Remy Cointreau Cut to Underperform at BofA (+)
* Soitec Cut to Neutral at Van Lanschot Kempen; PT 100 euros
* Stellantis Cut to Underperform at Mediobanca SpA; PT $12.83 (+)
* Swatch PT cut from CHF 145 to CHF 135 at Barclays
* Swedbank Cut to Hold at Arctic Securities; PT 250 kronor (+)
* Technip Energies Cut to Equal-Weight at Morgan Stanley
* Town Centre Securities Cut to Add at Peel Hunt; PT 140 pence
* Trustpilot Cut to Equal-Weight at Morgan Stanley; PT 305 pence
* Unicaja Cut to Underperform at BNPP Exane (+)
* Unite Group Cut to Neutral at BofA; PT 950 pence (+)
* Wise Cut to Equal-Weight at Morgan Stanley; PT 1,185 pence

>>> Initiation
* AMD Rated New Buy at Loop Capital; PT $175
* Vitrolife Reinstated Buy at ABG; PT 278 kronor (+)

>>> Call
* Safran Offers Entry Point and Strong EPS Growth, Says Jefferies (+)
* StanChart, NatWest Top Price-Target Upgrades, BNP Gap Still Most