>>> Europe : Brokers Upgrades & Downgrades - 18th of February 2025 V2(+)

>>> Up
* Deutz Raised to Buy at HSBC; PT 6.10 euros
* Glencore Raised to Overweight at Morgan Stanley; PT 470 pence
* Metso Raised to Buy at Goldman; PT 12.50 euros (+)
* St James's Place Raised to Hold at HSBC; PT 1,100 pence
* Tapestry Raised to Buy at Redburn; PT $110
* TietoEVRY Raised to Buy at Inderes; PT 22 euros
* Wynn Resorts Raised to Buy at Jefferies; PT $118

>>> Down
* Airtel Africa Cut to Neutral at Citi; PT 160 pence
* Also Cut to Hold at Bank Vontobel; PT 300 Swiss francs (+)
* Assura Cut to Hold at Deutsche Bank; PT 48 pence
* Bakkafrost Cut to Hold at Arctic Securities; PT 640 kroner
* Bakkafrost Cut to Hold at Kepler Cheuvreux
* Bakkafrost Cut to Hold at Fearnley; PT 670 kroner (+)
* BASF Cut to Hold at Berenberg; PT 52 euros
* BASF Cut to Hold at M.M. Warburg; PT 54 euros (+)
* BASF ADRs Cut to Hold at Berenberg; PT $13.60
* BT Cut to Sell at Citi
* Direct Line Cut to Hold at Peel Hunt; PT 275 pence
* Embracer Cut to Hold at Kepler Cheuvreux
* Formycon Cut to Neutral at Oddo BHF; PT 38 euros (+)
* Neste Cut to Reduce at Inderes; PT 11.50 euros
* Norma Cut to Neutral at Oddo BHF (+)
* Western Bulk Chartering Cut to Hold at Arctic Securities (+)

>>> Initiation
* Addtech Rated New Buy at Pareto Securities; PT 410 kronor
* Asmodee Rated New Buy at SEB Equities; PT 125 kronor
* Indutrade Rated New Buy at Pareto Securities; PT 370 kronor
* Lagercrantz Rated New Hold at Pareto Securities; PT 250 kronor
* Learnd Rated New Add at Baader Helvea; PT 8.20 euros
* Odfjell Technology Rated New Buy at ABG; PT 70 kroner
* Renk Group Rated New Buy at M.M. Warburg; PT 36 euros (+)
* Theon International Rated New Buy at Berenberg; PT 20 euros (+)
* Ubaldi Costruzioni Rated New Outperform at EnVent S.p.A.

>>> Call
* BT Double-Downgraded at Citi on Likely Openreach Revenue Drop
* Plus500 Gets New Street-High Target at Jefferies After Results