>>> Europe : Brokers Upgrades & Downgrades - 19th of Oct. 2026 V3(++)

>>> Up
* Avanza Raised to Buy at SB1 Markets; PT 420 kronor
* Boyd Gaming Raised to Overweight at Morgan Stanley; PT $83
* Dow Raised to Neutral at BofA on Improved Earnings Stability (++)
* Euronext Raised to Buy at Citi; PT 200 euros
* Exxon PT Raised to $187 from $170 at Mizuho Securities (++)
* Intel Raised to Neutral at JPMorgan; PT $85
* Norsk Hydro Raised to Hold at Kepler Cheuvreux; PT 81 kroner (++)
* Sandvik Raised to Overweight at Morgan Stanley; PT 440 kronor
* Ocado Raised to Equal-Weight at Morgan Stanley; PT 300 pence
* Pets at Home Raised to Buy at Peel Hunt; PT 260 pence
* Travelers PT Raised to $450 from $430 at Raymond James (++)

>>> Down
* Atea Cut to Hold at Arctic Securities; PT 175 kroner
* Borr Drilling Cut to Sell at Arctic Securities; PT $3.30
* Casta Diva Cut to Sell at TP ICAP Midcap; PT 2.80 euros (+)
* Elior Cut to Neutral at BNP Paribas; PT 2 euros
* Henkel Cut to Neutral at Grupo Santander; PT 86.20 euros
* Imperial Brands Cut to Hold at Jefferies; PT 2,700 pence
* Man Group Cut to Hold at Kepler Cheuvreux; PT 363 pence (++)
* Morgan Advanced Cut to Neutral at Citi; PT 290 pence
* Redeia Cut to Underweight at Morgan Stanley; PT 14 euros
* Studentbostader i Norden Cut to Hold at Arctic Securities
* Tencent ADRs PT Cut to $88 from $106 at Barclays (++)
* Terveystalo Cut to Hold at Danske Bank Markets; PT 7.80 euros (+)
* Tristel Cut to Hold at Panmure Liberum; PT 420 pence (++)
* Vend Marketplaces Cut to Reduce at Kepler Cheuvreux (++)
* Whirlpool Cut to Neutral at Longbow

>>> Initiation
* Aumovio Rated New Buy at Citi; PT 56 euros
* Avolta Rated New Buy at Citi; PT 55 Swiss francs
* Eutelsat Reinstated Neutral at Goldman; PT 1.60 euros (++)
* Intel Rated New Add at Caitong Securities
* Matica Fintec Reinstated Buy at Intermonte; PT 2.80 euros (++)
* Resideo Rated New Market Outperform at Citizens; PT $22
* Rightmove Rated New Hold at Kepler Cheuvreux; PT 555 pence (++)
* Rosebank Rated New Outperform at BNP Paribas; PT 440 pence
* SES GDRs Reinstated Buy at Goldman; PT 7 euros (++)

>>> Call
* Aumovio Gets a New Buy at Citi on Contained Downside Risks (+)
* Avolta Rated New Buy at Citi on Travel Retail Market Share (++)
* Boyd Gaming Shares Gain as Morgan Stanley Upgrades After Selloff (++)
* Citi Strategists See Positive Sign in European Earnings Upgrades (++)
* Euronext Upgraded to Buy at Citi on Underappreciated Growth (+)
* Eutelsat Falls as Goldman Reinstates With Neutral; SES Rated Buy (++)
* Goldman’s Snider Says Momentum Reversal Favors Consumer Laggards (+)
* Goldman Strategists See Caution Building in Equity Markets (++)
* Imperial Brands Cut at Jefferies as German Taxes to Hurt Growth (+)
* Intel Shares Gain as JPMorgan Upgrades on ‘Solid’ Execution (++)
* Stocks to Get Support From Stabilizing Yields, JPMorgan Says (+)
* Lindt CEO Departure Points to Differing Internal Views: Vontobel (+)
* Morgan Advanced Cut at Citi as Slow Growth Caps Valuation (+)
* Morgan Stanley Says Get Ready to Buy Risk as Pullback Nears End (+)
* Ocado Upgraded as Morgan Stanley Sees Fewer Downside Catalysts (+)
* Occidental Upgraded to Buy at Roth as a ‘Better Way’ to Play Oil
* Pets at Home Raised to Buy at Peel Hunt After Turning Corner (+)
* Sandvik Upgraded at Morgan Stanley on Margin, Earnings Potential (+)