>>> Europe : Brokers Upgrades & Downgrades - 19th of December 2024 V2(+)

>>> Up

* Birkenstock PT Raised to $70 from $63 at Stifel

* Getinge Raised to Hold at Nordea
* Nemetschek Raised to Buy at Baader Helvea; PT 118 euros

* Ormat Rated New Neutral at Piper Sandler; PT $78

* Pharming PT Raised to 2.15 euros from 1.60 euros at RBC

* Tapestry Raised to Buy at Jefferies; PT $80

>>> Down

* C3.ai Cut to Underweight at KeyBanc; PT $29

* Kamux Cut to Reduce at Inderes; PT 2.80 euros (+)

* Munich Re Cut to Neutral at UBS (+)

* Netcompany Cut to Hold at Carnegie; PT 350 kroner

* SAP ADRs Downgraded to Hold at CFRA on Valuation Concerns
* Spar Nord Cut to Hold at SEB Equities; PT 210 kroner

* Galderma cut to Hold from Buy at Vontobel, PT from CHF 90 to CHF96

* Zurich Ins. Cut to Sell at UBS (+)

>>> Initiation

* Aurubis Rated New Buy at Kepler Cheuvreux; PT 93.70 euros (+)

* Baker Hughes Rated New Overweight at Piper Sandler; PT $53

* Canal+ Rated New Outperform at Oddo BHF; PT 380 pence

* Canal+ Rated New Buy at CIC; PT 450 pence (+)

* Flowtech Fluidpower Rated New Buy at Canaccord; PT 130 pence (+)

* Halliburton Rated New Overweight at Piper Sandler; PT $36

* Havas Rated New Outperform at Oddo BHF; PT 2.30 euros

* Havas NV Rated New Buy at CIC; PT 2.20 euros (+)

* HUTCHMED China ADRs Rated New Buy at Daiwa; PT $23

* Norion Bank Rated New Hold at Kepler Cheuvreux; PT 42 kronor (+)

* SLB Rated New Neutral at Piper Sandler; PT $47

* TechnipFMC Rated New Overweight at Piper Sandler; PT $39
* Weatherford Reinstated Neutral at Piper Sandler; PT $87

>>> Call

* Goldman Sachs Strategists Favor US Defensives for Next Half Year (+)
* Nemetschek on Track for Full-Year Goals, Baader Helvea Upgrades

* SBB Court Case ‘Significantly Derisked’ After Swap, Arctic Says

* UBS Downgrades Zurich and Munich Re in Insurance Outlook Note (+)