>>> Europe : Brokers Upgrades & Downgrades - 18th of Sept 2026 V3(++)

>>> Up
* 2G Energy Raised to Buy at First Berlin; PT 76 euros (+)
* Apple PT Raised to $380 from $365 at Evercore ISI (++)
* Bytes Technology Raised to Buy at Berenberg; PT 520 pence (+)
* Danske Bank Reinstated Outperform at Autonomous; PT 408 kroner (++)
* Granges Raised to Buy at Nordea; PT 210 kronor
* Infineon Raised to Outperform at Oddo BHF; PT 80 euros (+)
* LPP Raised to Buy at Kepler Cheuvreux; PT 25,600 zloty (+)
* Orsted Raised to Buy at ABG; PT 180 kroner
* RENK Group Raised to Buy at Goldman; PT 65 euros
* Romerike Sparebank Raised to Buy at Norne Securities (+)
* Soitec Raised to Overweight at Barclays; PT 200 euros
* Southwest Air Raised to Neutral at Rothschild & Co Redburn (+)
* Sparebank 68 Grader Nord Raised to Hold at Norne Securities (+)
* Stubhub Raised to Buy at Citi; PT $7
* Vincorion Raised to Outperform at Oddo BHF; PT 23 euros (+)
* Wickes Raised to Hold at Deutsche Bank; PT 210 pence (+)

>>> Down
* Bankinter Cut to Hold at Bestinver; PT 16.85 euros
* BCP Cut to Neutral at JB Capital Markets; PT 1.30 euros (+)
* Bilfinger Cut to Market Perform at Bernstein; PT 62 euros (++)
* Flekkefjord Cut to Hold at Norne Securities; PT 120 kroner (+)
* Orange Cut to Underweight at Morgan Stanley; PT 15 euros
* Unicaja Cut to Neutral at JB Capital Markets; PT 3.80 euros (+)

>>> Initiation
* Accenture Cut to Neutral at Guggenheim (++)
* Admiral Rated New Outperform at BNP Paribas; PT 4,800 pence
* Aviva Rated New Outperform at BNP Paribas; PT 800 pence
* Caterpillar Rated New Buy at President Capital Management (+)
* DNB Bank Reinstated Underperform at Autonomous; PT 302 kroner (++)
* Handelsbanken Reinstated Underperform at Autonomous (++)
* Hill & Smith Rated New Overweight at Barclays; PT 3,300 pence (+)
* Legal & General Rated New Underperform at BNP Paribas
* M&G Rated New Neutral at BNP Paribas; PT 340 pence
* Nordea Bank Reinstated Outperform at Autonomous (++)
* SEB Reinstated Neutral at Autonomous; PT 228 kronor (++)
* Straumann Reinstated Buy at Berenberg; PT 118 Swiss francs
* TKMS AG & Co KGaA Rated New Buy at Stifel; PT 105 euros

>>> Call
* Adecco Upgraded at BofA as Underperform Thesis Has Played Out (+)
* Infineon Gains as Oddo BHF Upgrades After Valuation Contraction (+)
* Moncler Estimates Cut at Morgan Stanley on Harder Luxury Climate (+)
* Siltronic Rises; UBS Sets Street-High PT, Sees Price Hikes Ahead (+)
* Soitec Raised to Overweight at Barclays as Photonics Dominates (+)
* Strategists Most Bullish on Europe in Eight Years: Taking Stock (+)
* Virbac Falls as CIC Sees In-Line First Half Marred by Impairment (++)