>>> Europe : Brokers Upgrades & Downgrades - 15th of October 2024 V2(+)

>>> Up
* Banco BPM Raised to Buy at Deutsche Bank; PT 7.40 euros (+)
* Bodycote Raised to Outperform at RBC; PT 700 pence
* Con Edison Raised to Buy at Citi; PT $116
* H&R Raised to Add at Baader Helvea; PT 5.70 euros
* NatWest Raised to Buy at Jefferies; PT 425 pence
* Petrobras ADRs Raised to Outperform at Itau BBA; PT $17.50

>>> Down
* Airbnb Cut to Underperform at Evercore ISI; PT $125.34
* Aixtron PT Cut to 15 euros from 18 euros at Morgan Stanley
* Anora Group Oyj Cut to Reduce at Inderes; PT 3.80 euros (+)
* Boeing Cut to Hold at DZ Bank; PT $152 (+)
* BP Cut to Hold at DZ Bank; PT 445 pence (+)
* Delivery Hero Cut to Neutral at Citi; PT 42 euros
* Helleniq Energy Cut to Hold at Wood & Company; PT 7.60 euros
* Man Group Cut to Neutral at BNPP Exane (+)
* Mobileye Cut to Sector Perform at RBC; PT $11
* Next Cut to Reduce at Investec (+)
* Nordic Mining Cut to Neutral at SpareBank; PT 28 kroner
* Nordic Semiconductor PT Cut to 85 kroner at Morgan Stanley
* Norsk Hydro Cut to Hold at Norne Securities; PT 74 kroner
* Orsted Cut to Hold at Arctic Securities; PT 450 kroner (+)
* Paragon Cut to Hold at Jefferies; PT 780 pence
* Renault Cut to Add at AlphaValue/Baader (+)
* Soitec PT Cut to 80 euros from 110 euros at Morgan Stanley
* TAG Immobilien Cut to Hold at HSBC; PT 16.50 euros
* Vestas Cut to Neutral at Redburn; PT 147.01 kroner
* Zalando Cut to Add at Baader Helvea; PT 35 euros

>>> Initiation
* British Land Rated New Outperform at Oddo BHF; PT 500 pence
* Constellation Energy Rated New Neutral at Citi; PT $284
* Eletrobras ADRs Rated New Buy at HSBC; PT $9
* Land Sec. Rated New Outperform at Oddo BHF; PT 735 pence
* Maersk Rated New Buy at Arctic Securities; PT 11,948 kroner
* Paradox Interactive Rated New Buy at Kepler Cheuvreux (+)
* Plejd Rated New Buy at Nordea; PT 420 kronor
* Reckitt Rated New Outperform at CICC; PT 5,800 pence

>>> Call
* Bodycote’s End Markets Should Improve in 2025, RBC Upgrades
* Philips Raised at Oddo BHF, Given Street-High PT, on Positioning
* Europe Small-Cap Semis Face Toughening Headwinds: Morgan Stanley
* Next Cut to Reduce at Investec as Valuation Reflects Consistency (+)
* Paradox New Buy at Kepler Cheuvreux on Cash Position, IPs (+)