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

>>> Up
* Cofinimmo PT Raised to 83 euros from 72 euros at KBC Securities (+)
* Commerzbank PT Raised to 31 euros at Kepler Cheuvreux (+)
* De' Longhi Raised to Neutral at Mediobanca SpA; PT 29.10 euros
* Geberit Raised to Buy at Jefferies; PT 710 Swiss francs
* Hannover Re Raised to Buy at Bankhaus Metzler; PT 292 euros (+)
* Hapag-Lloyd Raised to Hold at Deutsche Bank; PT 124 euros
* Maersk Raised to Hold at Deutsche Bank; PT 11,909 kroner
* Mondi Raised to Overweight at JPMorgan; PT 1,430 pence
* On Holding PT Raised to $62 from $55 at Needham
* On Holding PT Raised to $65 from $55 at Piper Sandler
* On Holding PT Raised to $63 from $50 at Williams Trading
* Storebrand Raised to Buy at SpareBank; PT 140 kroner
* Turkcell PT Raised to 152 liras at Unlu Securities
* Vestas Raised to Buy at Berenberg; PT 140 kroner

>>> Down
* AB Foods Cut to Sector Perform at RBC; PT 2,150 pence
* Banca Mediolanum Cut to Accumulate at Banca Akros (+)
* Greencoat UK Wind Cut to Equal-Weight at Barclays; PT 130 pence
* Kamux Cut to Hold at Danske Bank Markets; PT 2.20 euros (+)
* Nabaltec Cut to Add at Baader Helvea; PT 16.50 euros
* Netum Group Cut to Reduce at Inderes; PT 2.20 euros (+)
* ORIT LN Cut to Equal-Weight at Barclays; PT 85 pence
* ORIT LN Cut to Neutral at Stifel (+)
* Renewables Infra Cut to Equal-Weight at Barclays; PT 90 pence
* Rivian Cut to Hold at Jefferies; PT $16
* Victorian Plumbing Group Cut to Hold at Peel Hunt; PT 110 pence (+)

>>> Initiation
* Adyen Reinstated Buy at William O'Neil
* CTS Eventim Rated New Overweight at Barclays; PT 130 euros
* GE Aerospace Reinstated Buy at William O'Neil
* Hikma Rated New Outperform at BNPP Exane; PT 2,650 pence
* Kerry Group Rated New Neutral at Redburn; PT 98 euros
* Pandora Rated New Buy at Deutsche Bank; PT 1,325 kroner
* Recupero Etico Sostenibile Rated New Buy at Intesa Sanpaolo
* Uber Reinstated Buy at William O'Neil

>>> Call
* Geberit Double-Upgraded at Jefferies on Better Demand Outlook
* Goldman’s Bell Lifts European Index Targets as Tariff Risk Drops
* Stocks Remain at Risk of a Correction, Goldman Strategists Say (+)