>>> Europe : Brokers Upgrades & Downgrades - 1st of September 2025

>>> Up
* BT PT Raised to 140 pence from 130 pence at Citi
* Konecranes Raised to Buy at Goldman; PT 95 euros
* Nordea Bank Raised to Buy at SEB Equities; PT 15.36 euros
* Paramount Skydance Raised to Buy at CFRA
* Paramount Skydance Raised to Buy at CFRA on Management Team
* Seadrill PT Raised to $40 from $36 at Citi
* Shurgard Raised to Equal-Weight at Morgan Stanley
* TeamViewer Raised to Buy at BofA; PT 16.30 euros
* VAT Raised to Buy at Goldman; PT 308 Swiss francs

>>> Down
* Canatu Cut to Accumulate at Inderes; PT 10 euros
* Handelsbanken Cut to Hold at SEB Equities; PT 130 kronor
* Newmont Corp Cut to Neutral at Macquarie; PT $72
* Segro Cut to Equal-Weight at Morgan Stanley
* Shaftesbury Capital Cut to Equal-Weight at Morgan Stanley
* Simon Property Cut to Hold at Stifel; PT $179
* SmartCraft Cut to Hold at ABG; PT 28 kroner
* Super Micro Computer Cut to Hold at GF Securities; PT $42

>>> Initiation
* AdvancedAdvT Rated New Buy at Shore Capital; PT 240 pence
* SoftwareONE Rated New Buy at Arctic Securities

>>> Call
* Goldman’s Bell Says the Case for European Stocks Remains Strong
* Tesco PT Boosted at JPMorgan, Placed on Positive Catalyst Watch
* Unite New Property Top Pick at Morgan Stanley, Shurgard Upgraded