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

>>> Up
* Almirall Raised to Buy at Bestinver; PT 12.50 euros (+)
* B&M European Raised to Hold at Deutsche Bank; PT 185 pence
* Elisa Raised to Buy at Nordea; PT 39 euros
* Flow Traders Raised to Hold at ING; PT 25.89 euros
* Hexatronic Raised to Buy at SEB Equities; PT 50 kronor
* Inwido Raised to Buy at SEB Equities; PT 190 kronor
* Klepierre Raised to Outperform at Oddo BHF; PT 40 euros
* NextEnergy Solar Raised to Hold at Canaccord
* Nokia Raised to Buy at SEB Equities; PT 12 euros
* Odfjell Drilling Raised to Buy at Fearnley; PT 106 kroner (+)
* Richemoent PT raised from 180 to 220 CHF at Kepler Cheuvreux
* Schaeffler Raised to Neutral at UBS; PT 8.10 euros
* Seco Raised to Outperform at Mediobanca SpA; PT 4.20 euros

>>> Down
* Anora Cut to Reduce at Inderes; PT 3.70 euros
* Comet Cut to Hold at Research Partners; PT 436 Swiss francs (+)
* Evotec Cut to Hold at Berenberg; PT 3.60 euros
* Handelsbanken Cut to Sell at Citi; PT 118 kronor (+)
* Pentair Cut to Hold at Stifel; PT $65
* Solstad Maritime Cut to Hold at SEB Equities; PT 29 kroner

>>> Initiation
* Airbus Rated New Buy at Banco BTG Pactual; PT 240 euros
* De' Longhi Rated New Buy at Goldman; PT 51 euros
* Fresenius Medical Care Rated New Market Perform at Bernstein (+)
* Hikma Rated New Buy at Citi; PT 1,700 pence
* Sidetrade Rated New Strong Buy at Portzamparc; PT 200 euros (+)

>>> Call
* De’ Longhi Initiated Buy at Goldman on Exposure to Coffee Growth (+)
* Evotec Gets Cut to Hold at Berenberg on Low Earnings Visibility (+)
* Fresenius Medical Care Rated New Market Perform at Bernstein (+)
* Hikma Rated New Buy at Citi on Strategy, Compelling Entry Point (+)
* Richemont Lifted at RBC as Jewelry Strength ‘Too Good to Ignore’ (+)
* SpaceX, AST SpaceMobile, Rocket Lab Initiated at Piper Sandler