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

>>> Up
* Fincantieri Raised to Buy at Intesa Sanpaolo; PT 16.80 euros (+)
* Friedrich Vorwerk Group Raised to Hold at Jefferies; PT 65 euros
* IMCD Raised to Buy at UBS; PT 100 euros
* Porsche Raised to Neutral at Mediobanca SpA; PT 49 euros (+)
* Salzgitter Raised to Buy at Jefferies; PT 66 euros
* Studentbostader i Norden Raised to Buy at Arctic Securities (+)
* Tesla’s Target Raised to $400 at Jefferies After Delivery Beat

>>> Down
* ABB Cut to Neutral at SB1 Markets; PT 88.06 Swiss francs
* Apple Cut to Underweight at KeyBanc; PT $250
* Cellavision Cut to Hold at Pareto Securities; PT 150 kronor
* EssilorLuxottica Cut to Neutral at Goldman; PT 200 euros
* Finnair Cut to Sell at Nordea; PT 3.80 euros
* HelloFresh Cut to Reduce at Kepler Cheuvreux; PT 3.50 euros
* Nokian Renkaat Cut to Hold at SEB Equities; PT 13 euros
* Pearson Cut to Neutral at JPMorgan; PT 1,420 pence
* Tryg Cut to Underweight at Morgan Stanley; PT 145 kroner
* Unicaja Cut to Underweight at Barclays; PT 3.10 euros
* Zealand Pharma Cut to Hold at Jefferies; PT 320 kroner

>>> Initiation
* Alm Brand Rated New Hold at Berenberg; PT 17 kroner
* Buzzi SpA Rated New Hold at Jefferies; PT 49.50 euros
* First Solar Reinstated Hold at Truist Secs; PT $249
* Nano Nuclear Energy Rated New Hold at Truist Secs; PT $22
* Oklo Rated New Hold at Truist Secs; PT $55

>>> Call
* EssilorLuxottica Cut to Neutral as Goldman Sees Lower Growth (+)
* Friedrich Vorwerk Group Raised to Hold at Jefferies on Valuation (+)
* Zealand Pharma Cut to Hold at Jefferies on Lack of Catalysts (+)