>>> Europe : Brokers Upgrades & Downgrades - 18th of June 2025

>>> Up
* Storebrand Raised to Buy at Nordea; PT 153 kroner

>>> Down
* Metso Cut to Hold at SEB Equities; PT 11.40 euros
* Sunrun Cut to Sector Perform at RBC; PT $5
* UBS Cut to Underweight at Morgan Stanley; PT 26 Swiss francs
* Zoetis Cut to Hold at Stifel; PT $160

>>> Initiation
* Austriacard Rated New Buy at Wood & Company; PT 7.50 euros
* Property Franchise Rated New Buy at Peel Hunt; PT 650 pence
* Saint-Gobain Reinstated Neutral at Goldman; PT 110 euros
* Sika Reinstated Buy at Goldman; PT 280 Swiss francs

>>> Call
* UBS Cut to Underweight at Morgan Stanley on Swiss Capital Rules