>>> Europe : Brokers Upgrades & Downgrades - 20th of Oct. 2026

>>> Up
* Bankinter Raised to Buy at Jefferies; PT 18 euros
* Borregaard Raised to Buy at Berenberg; PT 180 kroner
* KPN Raised to Overweight at Barclays; PT 4.50 euros
* Sabadell Raised to Equal-Weight at Barclays; PT 3.80 euros
* Taylor Wimpey Raised to Neutral at Goldman; PT 82 pence
* Telia Raised to Overweight at Barclays; PT 48 kronor

>>> Down
* Apple Cut to Hold at Loop Capital; PT $330
* Bravida Cut to Hold at Nordea
* Ferrovial NV Cut to Hold at Deutsche Bank; PT 48.50 euros
* Grieg Seafood Cut to Hold at Arctic Securities; PT 24 kroner
* Hellenic Telecom Cut to Underweight at Barclays; PT 18 euros
* Hubbell Reinstated Neutral at JPMorgan; PT $485
* LEG Immobilien Cut to Underweight at Morgan Stanley; PT 50 euros
* Otofarma Cut to Hold at Alantra Capital Markets; PT 3 euros
* Proximus Cut to Underweight at Barclays; PT 5.50 euros
* Santander Cut to Hold at Jefferies; PT 13 euros
* Telefonica Cut to Underweight at Barclays; PT 3.10 euros
* Truecaller Cut to Hold at SEB Equities; PT 27 kronor
* Vodafone Cut to Underweight at Barclays; PT 105 pence
* Vonovia Cut to Underweight at Morgan Stanley; PT 14 euros
* Warsaw Stock Exchange Cut to Hold at Wood & Company

>>> Initiation
* Atea Rated New Buy at Fearnley; PT 190 kroner
* Autostore Rated New Sell at Fearnley; PT 13 kroner
* Bouvet Rated New Buy at Fearnley; PT 70 kroner
* DWS Rated New Hold at Berenberg; PT 68 euros
* Ford Rated New Overweight at Oxcap; PT $15.50
* General Motors Rated New Equal-Weight at Oxcap; PT $99
* Magnora Data Center Rated New Buy at Fearnley; PT 18 kroner
* Medicover Reinstated Buy at Nordea; PT 350 kronor
* Omda Rated New Buy at Fearnley; PT 78 kroner
* TAG Immobilien Rated New Buy at Goldman; PT 14.30 euros
* Vend Marketplaces Rated New Buy at Fearnley; PT 300 kroner

>>> Call