>>> Europe : Brokers Upgrades & Downgrades - 20th of December 2024

>>> Up
* FedEx Raised to Buy at Loop Capital; PT $365
* Fraport Raised to Overweight at JPMorgan; PT 66 euros
* Keskisuomalainen Raised to Accumulate at Inderes; PT 7.50 euros
* Moelis & Co Raised to Outperform at KBW; PT $86
* Tomra Raised to Buy at Pareto Securities; PT 170 kroner
* Wetteri Oyj Raised to Reduce at Inderes; PT 30 euro cents

>>> Down
* Carbios SACA Cut to Neutral at Oddo BHF; PT 9 euros
* Lazard Inc Cut to Market Perform at KBW; PT $57
* Nike Raised to Buy at Fubon; PT $92
* Optima bank Cut to Hold at Alpha Finance; PT 13.90 euros
* Serabi Gold Cut to Add at Peel Hunt; PT 140 pence
* SoftwareONE Cut to Neutral at BNPP Exane; PT 6.80 Swiss francs
* SoftBank ADRs Cut to Hold at Jefferies; PT $32.20
* TeamViewer Cut to Neutral at Goldman; PT 12 euros

>>> Initiation

>>> Call
* BE Semi New Top European Semiconductor Pick at Morgan Stanley
* Canal+ Sinks as UBS Says Stock Fairly Priced After London Debut
* Fraport Upgraded to Overweight at JPMorgan on Tariffs Agreement
* Morgan Stanley, RBC Turn Cautious on Defense Stocks in 2025
* Segro is Resumed Buy at Citi on Catalyst Path, Valuation