>>> Europe : Brokers Upgrades & Downgrades - 21st of October 2025

>>> Up
* Bankinter Raised to Equal-Weight at Barclays; PT 14.30 euros
* Kitron Raised to Buy at SB1 Markets; PT 70 kroner
* Rebl Group Oyj Raised to Reduce at Inderes; PT 1.05 euros
* Royal Gold Raised to Outperform at BMO; PT $240
* Sunrun Raised to Buy at Citi; PT $26
* Thomson Reuters Raised to Overweight at Huber Research Partners

>>> Down
* Cemex ADRs Cut to Sector Perform at Scotiabank; PT $11.10
* Goldman Sachs Cut to Neutral at JPMorgan; PT $750
* QT Group Cut to Accumulate at Inderes; PT 45 euros

>>> Initiation
* Apple Reinstated Buy at William O'Neil

>>> Call