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

>>> Up
* Albemarle Raised to Buy at Mizuho Securities; PT $130
* Anglo American Raised to Neutral at JPMorgan
* BCP Raised to Buy at Goldman; PT 1.35 euros
* Eltel Raised to Accumulate at Inderes; PT 18.50 kronor
* Glencore Raised to Overweight at JPMorgan; PT 730 pence
* Kontoor Brands Raised to Buy at Jefferies; PT $89
* Pennon Raised to Buy at Jefferies; PT 380 pence
* SEB Raised to Buy at Handelsbanken; PT 262 kronor (+)
* Technip Energies Raised to Buy at UBS; PT 39 euros
* Tomra Raised to Buy at Handelsbanken; PT 115 kroner (+)

>>> Down
* Admiral PT Cut to 2,460 pence from 2,620 pence at Peel Hunt
* Dell Technologies Cut to Equal-Weight at Barclays; PT $574
* Goodtech Cut to Hold at Norne Securities; PT 19 kroner
* Hemnet PT Cut to 75 kronor from 104 kronor at Citi
* HP Enterprise Cut to Equal-Weight at Barclays
* IntegraFin Cut to Hold at Shore Capital; PT 376 pence (+)
* NetApp Cut to Equal-Weight at Barclays
* Norion Bank Cut to Hold at ABG; PT 68 kronor
* Porsche Cut to Underweight at Oxcap; PT 39 euros
* Swiss Re Cut to Underperform at Jefferies; PT 110 Swiss francs
* Whitbread Cut to Add at AlphaValue/Baader

>>> Initiation
* Bulten Rated New Buy at SB1 Markets; PT 100 kronor
* Carmila Rated New Buy at Berenberg; PT 18.10 euros
* Lang & Schwarz Rated New Buy at NuWays; PT 20 euros (+)
* Lumibird Rated New Outperform at Oddo BHF; PT 31 euros
* Wienerberger Rated New Hold at Jefferies; PT 16 euros

>>> Call
* Morgan Stanley Sees Stronger European Earnings, Raises Target (+)
* Admiral PT Cut to Street-Low at Peel Hunt on Weak UK Motor Cycle
* Carmila Initiated Buy at Berenberg on Attractive Expansion
* Glencore Upgraded at JPMorgan, Antofagasta Also Among Top Picks
* Hemnet PT Cut to Street Low at Citi as 3Q Volumes Seen Weaker (+)
* Rising AI Risks Strengthen the Case to Diversify, Jefferies Says
* Porsche Downgraded to Underweight at Oxcap on Volume Outlook
* RBC Sees ‘Defensive Opportunity’ After J&J Selloff Post Results
* RBC Strategists Downgrade US Tech Stocks on Valuation Concerns (+)
* Swiss Re Faces Softening Prices, Jefferies Cuts to Underperform
* Wienerberger Shares Rated Hold as Jefferies Eyes 2027 Catalysts (+)