>>> Europe : Brokers Upgrades & Downgrades - 17th of January 2025 V3(++)

>>> Up
* Addnode Group AB Raised to Buy at Kepler Cheuvreux (+)
* Applied Materials Raised to Overweight at KeyBanc; PT $225
* Atrium Ljungberg Raised to Hold at Nordea
* Azelis Raised to Buy at UBS (+)
* Brenntag Raised to Equal-Weight at Barclays; PT 70 euros
* DNO Raised to Buy at Arctic Securities; PT 14 kroner (++)
* Duell Raised to Buy at Inderes; PT 9 euros
* Duell Raised to Buy at SEB Equities; PT 9 euros
* Epiroc Raised to Neutral at Oddo BHF; PT 195 kronor
* Great Portland Raised to Neutral at UBS (+)
* IMCD Raised to Overweight at Barclays; PT 187 euros
* Kesko Raised to Accumulate at OP Corporate Bank; PT 19.50 euros (++)
* M&C Saatchi Raised to Buy at Peel Hunt; PT 210 pence (+)
* Maire Raised to Buy at Kepler Cheuvreux (+)
* Orsted Raised to Buy at ABG; PT 400 kroner
* Salesforce Inc Raised to Buy at TD Cowen; PT $400
* SAP ADRs Raised to Buy at TD Cowen; PT $305
* Swedbank Cut to Market Perform at Handelsbanken; PT 322 kronor (++)
* Taylor Wimpey Raised to Add at Peel Hunt; PT 130 pence (+)
* TSMC ADRs PT Raised to $270 from $240 at Argus
* Virbac Raised to Buy at CIC; PT 400 euros (+)

>>> Down
* Argan Cut to Hold at Bank Degroof Petercam; PT 72 euros (++)
* Avolta Soars; Buyback a Further Signal of Stability, ZKB Says (++)
* Brenntag Cut to Neutral at UBS (+)
* Dormakaba Cut to Neutral at Oddo BHF; PT 691 Swiss francs
* Evolution Cut to Sell at Redburn; PT 720 kronor
* HubSpot Cut to Hold at TD Cowen; PT $725
* Mon Courtier Energie Groupe Cut to Hold at TP ICAP Midcap (++)
* Netcompany Cut to Hold at Jyske Bank; PT 375 kroner (+)
* Richemont Cut to Neutral at CIC; PT 160 Swiss francs (+)
* Saipem Cut to Hold at Kepler Cheuvreux; PT 3 euros (++)
* SSAB Cut to Accumulate at OP Corporate Bank; PT 59 kronor (++)
* Sunrise Communications Re-Initiated Buy at Bank Vontobel (+)
* Tenaris Cut to Hold at Kepler Cheuvreux (+)
* Trustpilot Cut to Sell at Panmure Liberum; PT 245 pence (+)
* Wise Cut to Add at Peel Hunt; PT 1,100 pence
* Virbac Cut to Neutral at Oddo BHF; PT 365 euros (++)
* Vivendi Cut to Hold at HSBC; PT 2.70 euros

>>> Initiation
* Baader Rated New Buy at DZ Bank; PT 4.80 euros
* Hermes Reinstated Buy at William O'Neil (++)
* Hexagon Purus Rated New Buy at Pareto Securities; PT 7 kroner
* Hexagon Composites Reinstated Buy at Pareto Securities
* HUTCHMED China Rated New Buy at UOB Kay Hian; PT 314.78 pence
* IG Design Cut to Hold at Panmure Liberum; PT 60 pence (+)
* Microsoft Rated New Overweight at Cantor; PT $509
* Oracle Reinstated Overweight at Cantor; PT $214
* Palantir Rated New Neutral at Cantor; PT $72
* Snowflake Rated New Overweight at Cantor; PT $201
* Sveafastigheter Rated New Buy at Arctic Securities; PT 51 kronor
* Vaisala Raised to Buy at Evli Bank; PT 56 euros


>>> Call
* Orsted Gains as ABG Lifts, Cites Risk Reward Turning Positive (++)
* Sanofi Shares Rise; Berenberg Calls Valuation Highly Attractive (++)
* SAP Raised as TD Cowen Sees Better Growth, Margins Through 2027 (++)
* Goldman Strategists Say Europe Large-Cap Stocks Worth Revisiting (++)
* European Pharma, Life Sciences Sector Cut to Neutral at Barclays (+)
* Trump Policy Risk Weighs on European Stocks, Barcays’ Cau Says (+)