>>> Europe : Brokers Upgrades & Downgrades - 23rd of April 2025 V2(+)

>>> Up
* Boohoo Raised to Hold at Shore Capital (+)
* Hoegh Autoliners Raised to Buy at Pareto Securities (+)
* Inmobiliaria Colonial Raised to Buy at Van Lanschot Kempen (+)
* Inditex Raised to Outperform at BNPP Exane; PT 56 euros
* Intuit Raised to Buy at HSBC; PT $699
* Lockheed Raised to Outperform at Baird; PT $540
* Mon Courtier Energie Groupe Raised to Buy at TP ICAP Midcap (+)
* Sartorius Raised to Hold at Kepler Cheuvreux
* Tomra Raised to Hold at SEB Equities; PT 160 kroner
* Wiit Raised to Buy at Equita; PT 22 euros (+)

>>> Down
* Aberdeen Group PT Cut to 130 pence from 150 pence at RBC
* Aurubis Cut to Underperform at BNPP Exane; PT 60 euros
* Baillie Gifford European Growth Trust Cut to Sell at Stifel (+)
* BRGE LN Cut to Neutral at Stifel (+)
* Chevron Cut to Sell at Redburn; PT $124
* Elisa Cut to Hold at Kepler Cheuvreux
* Eni Cut to Neutral at Redburn; PT 13.40 euros
* Enphase Energy Cut to Underweight at Morgan Stanley; PT $36
* Equinor Cut to Sell at Redburn; PT 230 kroner
* Euronext Cut to Neutral at Citi; PT 140 euros
* Gestamp Cut to Underweight at Barclays; PT 2.50 euros
* Hellenic Telecom Cut to Neutral at JPMorgan; PT 18.50 euros
* Jupiter Cut to Sell at Canaccord; PT 60 pence (+)
* Just Eat Takeaway Cut to Hold at KBC Securities; PT 19.50 euros (+)
* Orsted Cut to Hold at SEB Equities; PT 275 kroner
* OVH Cut to Underweight at Morgan Stanley; PT 10.15 euros
* Piaggio Cut to Hold at Kepler Cheuvreux (+)
* Sainsbury Cut to Hold at Kepler Cheuvreux
* SolarEdge Cut to Underweight at Morgan Stanley
* SSAB Cut to Hold at Nordea (+)
* Syensqo Cut to Neutral at BofA (+)
* Vodafone Cut to Underweight at JPMorgan; PT 62 pence

>>> Initiation
* Andritz Rated New Buy at Kepler Cheuvreux; PT 68 euros
* Beazley Reinstated Outperform at BNPP Exane; PT 1,075 pence (+)
* Cyberoo Rated New Buy at Alantra Capital Markets; PT 2.70 euros (+)
* Elopak Rated New Buy at SpareBank; PT 50 kroner
* Lancashire Reinstated Neutral at BNPP Exane; PT 595 pence (+)
* Lastminute.com Rated New Buy at Hauck & Aufhaeuser (+)
* NFL Biosciences Rated New Buy at Marex; PT 3.60 euros
* Sandisk Rated New Neutral at BNPP Exane; PT $32 (+)
* Sonae Rated New Buy at Kepler Cheuvreux; PT 1.50 euros
* Tencent Music ADRs Rated New Buy at UOB Kay Hian; PT $15

>>> Call
* Barclays Strategists Say European Stocks Can Handle Lower Dollar (+)
* Inditex Raised to Outperform at BNPP Exane on Tariff Resilience (+)
* SAP’s Earnings, Outlook Support Bullish Stock View, Citi Says