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

>>> Up
* Anglo American Raised to Sector Perform at RBC; PT 2,310 pence
* Endesa Raised to Overweight at Barclays; PT 26.40 euros
* Lucid Raised to Equal-Weight at Morgan Stanley; PT $3
* OMV Raised to Buy at Berenberg; PT 56 euros
* Palfinger Raised to Buy at Erste Group; PT 35 euros
* Ralph Lauren Raised to Buy at Goldman; PT $286

>>> Down
* CTS Eventim Cut to Neutral at Redburn; PT 104 euros
* EMS-Chemie Cut to Reduce at Kepler Cheuvreux
* Iberdrola Cut to Equal-Weight at Morgan Stanley; PT 14.50 euros
* Kongsberg Cut to Hold at Nordea
* QinetiQ Cut to Hold at Kepler Cheuvreux
* Rubis Cut to Hold at Kepler Cheuvreux

>>> Initiation
* COSH NO Rated New Buy at Arctic Securities; PT 8.50 kroner
* Diagnostyka Rated New Buy at Wood & Company; PT 159 zloty
* Evolution Rated New Neutral at Cantor; PT 840 kronor
* Rio Tinto Reinstated Overweight at JPMorgan; PT 5,920 pence

>>> Call
* HSBC Upgrades China’s 2025 GDP Growth Forecast to 4.8% From 4.5%
* Iberdrola Cut at Morgan Stanley, More Near-Term Upside Limited
* Lucid Shares Gain as Morgan Stanley Upgrades on AI Opportunity
* OMV’s Chemicals Unit Deal Supports Dividend, Berenberg Upgrades
* Rio Tinto Overweight at JPMorgan, Top EMEA Diversified Pick