>>> Europe : Brokers Upgrades & Downgrades - 17th of March 2025 V2(+)

>>> Up
* Accenture Raised to Outperform at Baird; PT $390
* Allfunds Raised to Neutral at Oddo BHF; PT 5 euros
* Beazley PT Raised to 1,125 pence from 1,025 pence at RBC
* CVS Group Raised to Outperform at RBC; PT 1,500 pence
* ERG Raised to Neutral at BofA (+)
* Forterra Raised to Add at Peel Hunt; PT 190 pence
* Hemnet Raised to Outperform at Grupo Santander; PT 404.50 kronor
* Kion Raised to Overweight at Barclays; PT 52 euros
* Norwegian Cruise Raised to Overweight at JPMorgan; PT $30 (+)
* Partners Group Raised to Add at Baader Helvea
* Polenergia Cut to Underperform at Santander Biuro Maklerskie (+)
* Schneider Electric Raised to Buy at CIC (+)
* Virbac Raised to Buy at Stifel; PT 390 euros

>>> Down
* Asos Cut to Underperform at BNPP Exane; PT 200 pence (+)
* BE Semiconductor price target lowered to EUR 140 from EUR 160 at Barclays (+)
* Instone Real Estate Cut to Hold at Deutsche Bank; PT 9 euros
* LEG Immobilien Cut to Hold at Deutsche Bank; PT 74 euros
* Li Auto ADRs Cut to Neutral at Macquarie; PT $27
* NSI NV Cut to Neutral at Oddo BHF; PT 23 euros
* Opap Cut to Hold at Eurobank Equities; PT 17.90 euros (+)
* Puma Cut to Add at Baader Helvea; PT 25 euros
* Siltronic Cut to Hold at Jefferies; PT 50 euros
* Telia Cut to Sell at Nordea; PT 32 kronor
* Traton Cut to Hold at Bankhaus Metzler; PT 34 euros (+)
* Vonovia Cut to Hold at Deutsche Bank; PT 28 euros

>>> Initiation
* Bahnhof Rated New Buy at Pareto Securities; PT 62 kronor
* Metlen Rated New Buy at Berenberg; PT 51 euros
* RC Fornax Rated New Corporate at Cavendish; PT 61 pence (+)

>>> Call
* Europe needs ‘big bang’ to boost investment, says Deutsche Börse chief
* Galp Raised at Morgan Stanley After Significant Underperformance
* Partners Group Upgraded at Baader Helvea Following Upbeat CMD (+)
* RBC’s Calvasina Cuts S&P 500 Target for End-2025 on Growth Risks (+)
* Siltronic’s Outlook Still Challenging, Cut to Hold at Jefferies
* Telia Cut at Nordea, Structural Changes Now Well Understood (+)