>>> Europe : Brokers Upgrades & Downgrades - 14th of May 2024 V2(+)

>>> Up
* ADP Raised to Hold at HSBC; PT 135 euros
* EQT Raised to Overweight at JPMorgan; PT 374 kronor
* Ferrovial Raised to Buy at Bestinver; PT 41.05 euros
* Lanxess Raised to Buy at DZ Bank; PT 31 euros
* Mediobanca PT Raised to 16.90 euros at Morgan Stanley
* OMV Raised to Equal-Weight at Morgan Stanley; PT 46.10 euros
* Poste Italiane PT Raised to 14.80 euros at Morgan Stanley
* Royal Unibrew PT Raised to 680 kroner from 580 kroner at Nordea (+)
* Skan Group Raised to Add at Baader Helvea; PT 87 Swiss francs

>>> Down
* Agfa-Gevaert Cut to Accumulate at KBC Securities; PT 2 euros (+)
* Castellum Cut to Hold at Arctic Securities; PT 140 kronor
* DHL Group Cut to Neutral at BNPP Exane (+)
* Knorr-Bremse Cut to Sell at Hauck & Aufhaeuser; PT 65.50 euros (+)
* OX2 Cut to Hold at ABG; PT 60 kronor
* OX2 Cut to Hold at Deutsche Bank (+)
* OX2 Cut to Hold at DNB Markets; PT 60 kronor (+)
* Sampo Cut to Reduce at AlphaValue/Baader
* SpareBank 1 SMN Cut to Hold at ABG; PT 153 kroner
* SpareBank 1 Nord Norge Cut to Hold at Arctic Securities (+)
* SpareBank 1 SMN Cut to Hold at Arctic Securities; PT 160 kroner (+)
* Tesco Rated New Buy at Bryan Garnier; PT 349 pence

>>> Initiation
* BioNTech ADRs Rated New Inline at Evercore ISI; PT $100
* Bourse Direct Rated New Buy at TP ICAP Midcap; PT 7.30 euros (+)
* Heidelberg Materials Rated New Outperform at RBC; PT 133 euros
* Holcim Rated New Sector Perform at RBC; PT 91 Swiss francs
* Moderna Rated New Inline at Evercore ISI; PT $120
* Neste Rated New Hold at Deutsche Bank; PT 25 euros (+)
* Svitzer Rated New Sell at SEB Equities; PT 170 kroner
* WDP Rated New Buy at Goldman; PT 30.80 euros

>>> Call
* Bayer 1Q Earnings Beat Helped by Crop Science: Jefferies (+)
* Citi’s Montagu Says Bullish Bets on European Stocks Are Rising (+)
* DHL Group Cut at BNPP Exane, High Risk of Profit Warning Ahead (+)
* Holcim Rated New Sector Perform at RBC; Sees Post Split Upside (+)
* JPMorgan’s Kolanovic Says Not Worth ‘Taking on Equity Risk’ Now