>>> Europe : Brokers Upgrades & Downgrades - 16th of April 2026 V2(+)

>>> Up
* 2G Energy PT Raised to 50 euros at Bankhaus Metzler (+)
* BP Raised to Buy at UBS; PT 700 pence
* Getlink Raised to Neutral at BofA (+)
* H&R Raised to Hold at DZ Bank; PT 4 euros (+)
* Norwegian Air Raised to Buy at Pareto Securities; PT 17 kroner (+)
* Pfisterer Holding PT Raised to 100 euros at Berenberg

>>> Down
* BMW PT Cut to 69 euros from 72 euros at Kepler Cheuvreux
* Bytes Technology Cut to Neutral at UBS; PT 305 pence
* Colruyt price target lowered to EUR 24.85 from EUR 27.94 at JPMorgan
* Daimler Truck Cut to Reduce at Kepler Cheuvreux
* EDP SA Cut to Underperform at BofA (+)
* Endesa Cut to Neutral at Alantra Equities; PT 39 euros (+)
* Granges Cut to Hold at Kepler Cheuvreux (+)
* Grenergy Renovables Cut to Market Perform at Bernstein (+)
* Jet2 Cut to Hold at Goodbody; PT 1,320 pence (+)
* Kongsberg Cut to Hold at Nordea
* LEG Immobilien Cut to Neutral at Van Lanschot Kempen (+)
* Oerlikon Cut to Hold at Research Partners; PT 3.60 Swiss francs (+)
* Porsche Cut to Reduce at Kepler Cheuvreux (+)
* Stellantis Cut to Hold at Kepler Cheuvreux (+)
* Telia Cut to Hold at Kepler Cheuvreux (+)
* Telia Cut to Sell at ABG; PT 43 kronor (+)
* Tele2 Cut to Hold at Kepler Cheuvreux (+)
* Tele2 Cut to Hold at ABG; PT 195 kronor (+)
* Unite Group Raised to Buy at Kepler Cheuvreux (+)
* Viscofan Cut to Hold at Bestinver; PT 67.45 euros

>>> Initiation
* ABB Rated New Buy at SB1 Markets; PT 81.08 Swiss francs
* Aumovio Reinstated Buy at BofA (+)
* Autoliv Reinstated Buy at BofA (+)
* Capgemini ADRs Rated New Outperform at BNP Paribas; PT $35 (+)
* Forvia Reinstated Underperform at BofA (+)
* Kingspan Reinstated Neutral at Goldman; PT 80 euros
* Pfizer Rated New Outperform at CICC; PT $33
* Valeo Reinstated Neutral at BofA
* Veon ADRs Rated New Buy at Rothschild & Co Redburn; PT $74.16

>>> Call
* Antofagasta Upside More Limited Near-Term, Berenberg Downgrades (+)
* BP Upgraded to Buy at UBS on Turnaround Potential, Higher Oil
* End of War Priced in Though ‘We’re Not There Yet’: HSBC George
* Flutter Gets Only Sell as Citi Cuts on Lower US Conviction (+)
* Tesco May Rise After Annual Earnings Top Consensus, Citi Says (+)
* Uber, Lyft Earnings to Peak in 2028, Canaccord Says