>>> Europe : Brokers Upgrades & Downgrades - 17th of September 2024 V3(++)

>>> Up
* Auction Technology Group Raised to Overweight at JPMorgan
* Barry Callebaut Raised to Overweight at Barclays
* BioNTech ADRs Raised to Buy at Jefferies; PT $150
* Bridgepoint PT Raised to 400 pence from 320 pence at Jefferies
* Deutsche Boerse PT Raised to 230 euros at Bankhaus Metzler (+)
* Eni Raised to Buy at Intesa Sanpaolo; PT 17.50 euros
* Gannett Co Raised to Neutral at Citi; PT $5.10
* Hermes Raised to Outperform at BNPP Exane (+)
* Iberdrola PT Raised to 15.50 euros at Morgan Stanley
* Interroll Cut to Reduce at Kepler Cheuvreux (++)
* Julius Baer Raised to Outperform at KBW; PT 62 Swiss francs
* Lattice Semi Raised to Buy at Stifel; PT $55
* Lindt & Spruengli Raised to Overweight at Barclays
* Telia Raised to Outperform at BNPP Exane; PT 40 kronor

>>> Down
* Aker BP Cut to Underperform at RBC; PT 220 kroner
* Applied Materials PT Cut to $185 from $224 at Morgan Stanley
* Avacta Group Cut to Sell at Deutsche Bank; PT 40 pence (+)
* Compass Group Cut to Sector Perform at RBC
* D'Ieteren Cut to Hold at Jefferies; PT 225 euros
* OHLA Cut to Hold at Intermoney Valores
* Roche Bobois SAS Cut to Reduce at IDMidcaps; PT 43 euros (+)
* Sartorius Cut to Hold at Stifel; PT 250 euros
* Siegfried Cut to Hold at Stifel; PT 1,190 Swiss francs
* SolarEdge Cut to Underperform at Jefferies; PT $17
* Suedzucker Cut to Sell at M.M. Warburg; PT 9.40 euros (+)
* Swatch Cut to Underperform at BNPP Exane (+)
* Tele2 Cut to Hold at DNB Markets; PT 120 kronor
* TT Electronics Cut to Hold at Peel Hunt; PT 120 pence
* TT Electronics Cut to Hold at Berenberg; PT 100 pence (+)
* UPM-Kymmene Cut to Neutral at Davy; PT 33 euros (+)

>>> Initiation
* BP Rated New Hold at Intesa Sanpaolo; PT 451 pence
* Crayon Group Rated New Buy at Kepler Cheuvreux; PT 160 kroner (++)
* Erste Rated New Buy at Trigon Dom Maklerski; PT 60 euros
* Eutelsat Rated New Neutral at New Street Research; PT 3.50 euros (++)
* Fabege Rated New Buy at Arctic Securities; PT 125 kronor
* Lanxess Rated New Buy at Kempen & Co; PT 33.50 euros (++)
* Shell Rated New Buy at Intesa Sanpaolo; PT 3,354 pence
* Soiltech Rated New Neutral at Clarksons; PT 58 kroner (+)
* SynBiotic Re-Initiated Buy at mwb research AG; PT 12.50 euros (++)
* Syensqo Rated New Neutral at Kempen & Co; PT 79 euros (++)
* SUSS MicroTec Rated New Buy at Jefferies; PT 76 euros
* Trevi Finanziaria Industrial Rated New Buy at Alantra Equities
* WalkMe Reinstated Underweight at Barclays; PT $8

>>> Call
* Aker BP Cut at RBC, ‘Time for Reflection’ in Energy Sector
* Barry Callebaut, Lindt Gain as Barclays Moves to Overweight (+)
* Compass Downgraded at RBC, Aramark Now Preferred Catering Name
* Hermes Gains as Exane Upgrades to Outperform; Swatch Cut (+)
* Hermes a Defensive Trade to Counter Luxury Slowdown, Exane Says (++)
* Julius Baer Raised to Outperform at KBW on Catalysts (1)
* Luxury Stocks May Decline Further, Lazard Freres Gestion Says
* SUSS MicroTec is a ‘Hidden Gem,’ Initiated Buy at Jefferies