>>> Europe : Brokers Upgrades & Downgrades - 19th of March 2026

>>> Up
* ADP Raised to Buy at UBS; PT 127 euros
* Buzzi SpA Raised to Overweight at JPMorgan; PT 58 euros
* Carnival Plc Raised to Overweight at Morgan Stanley
* Carnival Raised to Overweight at Morgan Stanley; PT $31
* Diploma PT Raised to 7,500 pence from 6,600 pence at Berenberg
* Evonik Raised to Overweight at Barclays; PT 17 euros
* Kering Raised to Outperform at Avior Capital Markets
* Mastercard Raised to Outperform at BNP Paribas; PT $600
* Nordea Bank Raised to Buy at ABG; PT 17.15 euros
* Stadler Rail Raised to Outperform at Oddo BHF
* Tandem Diabetes Raised to Buy at Truist Secs; PT $35
* Tecnicas Reunidas Raised to Buy at JB Capital Markets
* Wizz Air Raised to Neutral at Citi

>>> Down
* Akzo Nobel Cut to Equal-Weight at Barclays; PT 47 euros
* Atria Cut to Reduce at Inderes; PT 18.50 euros
* Bunzl Cut to Equal-Weight at Barclays; PT 2,250 pence
* Coloplast Cut to Sell at Nordea; PT 400 kroner
* Manitou BF Cut to Hold at Kepler Cheuvreux
* Neste Cut to Neutral at Goldman; PT 27 euros
* Nokia Cut to Sell at Inderes; PT 5.20 euros
* Pan African Cut to Equal-Weight at ABSA Securities

>>> Initiation
* Dometic Rated New Buy at SB1 Markets; PT 30 kronor
* Inventiva SACA ADRs Rated New Buy at Truist Secs; PT $13
* Rocket Lab Rated New Buy at Clear Street; PT $88
* SoFi Technologies Rated New Equal-Weight at Wells Fargo; PT $19

>>> Call
* Novo Gets New Sell Rating as Bernstein Sees US Underperformance