>>> Europe : Brokers Upgrades & Downgrades - 16th of August 2024 V3(++)

>>> Up
* Administer Raised to Accumulate at Inderes; PT 3.20 euros
* Big Yellow Group Raised to Buy at Citi; PT 1,525 pence
* Campari Raised to Buy at HSBC; PT 10 euros
* Cisco Raised to Buy at HSBC; PT $58
* Entain Raised to Neutral at Goldman; PT 710 pence
* Fastned GDRs Raised to Buy at Kempen & Co; PT 21 euros (++)
* Marimekko Raised to Accumulate at Inderes; PT 13 euros
* Millicom Raised to Buy at UBS; PT $33
* RING NO Raised to Buy at Pareto Securities; PT 330 kroner (++)
* Roche PT Raised from CHF 248 to CHF 274 at Vontobel
* SpareBank 1 Helgeland Raised to Buy at Arctic Securities (+)
* Tamtron Group Raised to Accumulate at Inderes; PT 6 euros
* Vopak PT Raised to 51 euros from 46 euros at ING (++)
* Walmart PT Raised to $82 from $75 at Morgan Stanley

>>> Down
* Alm Brand Cut to Hold at Nordea (+)
* Autostore PT Cut to 10 kroner from 11 kroner at Morgan Stanley
* Bioretec Cut to Reduce at Inderes; PT 3 euros
* Cancom Cut to Underperform at BNPP Exane; PT 26 euros
* Crest Nicholson Cut to Equal-Weight at Barclays; PT 220 pence
* Estee Lauder Cut to Neutral at BofA; PT $100 (++)
* Fortum Cut to Reduce at Inderes; PT 14.50 euros
* Kojamo Cut to Neutral at JPMorgan; PT 10.50 euros
* Kojamo Cut to Accumulate at OP Corporate Bank; PT 10.50 euros (++)
* Nel Cut to Hold at Berenberg; PT 7 kroner
* Relais Group Cut to Accumulate at Inderes; PT 16.50 euros
* Scout24 SE Cut to Hold at M.M. Warburg; PT 75 euros (+)
* Siegfried Cut to Hold at Research Partners; PT 990 Swiss francs
* Thyssenkrupp Nucera Cut to Hold at Berenberg; PT 12 euros

>>> Initiation


>>> Call
* Building-Materials Sector Metamorphosis Sets Scene for Robust 2H
* Big Yellow Group Upgraded at Citi, PT Boosted to Street-High
* Campari Plays Catch-Up; HSBC Upgrades on Scope to Outperform (++)
* Credit Agricole's Shares to Remain Under Pressure, Berenberg Says -- Market Talk (+)
* Deutsche Bank CIO Urges Tail-Risk Hedging Despite Market Calm
* Inditex Worth Premium, H&M Waiting for Signs of Inflection: Citi
* Nel, Thyssenkrupp Nucera Cut at Berenberg on Regulatory Delays
* European Airlines Need Demand Floor as Fares Hit, EPS at Risk