>>> Europe : Brokers Upgrades & Downgrades - 23rd of January 2025

>>> Up
* Auto Trader Raised to Buy at Citi; PT 946 pence
* FirstGroup Raised to Buy at HSBC; PT 190 pence
* Fondia Raised to Buy at Inderes; PT 5.60 euros
* Kesko Raised to Accumulate at Inderes; PT 19.50 euros
* Logitech Raised to Equal-Weight at Morgan Stanley
* Netflix Raised to Outperform at Wolfe; PT $1,100
* Rotork Raised to Buy at Kepler Cheuvreux
* TotalEnergies Raised to Buy at Redburn; PT 73 euros
* Vicat Raised to Overweight at Barclays; PT 47 euros

>>> Down
* ASML Cut to Sell at Aletheia Capital; PT 500 euros
* ASML ADRs Cut to Sell at Aletheia Capital; PT $525
* Electronic Arts Cut to Market Perform at BMO; PT $145
* Evolution Cut to Sell at Deutsche Bank; PT 798 kronor
* Galapagos Cut to Underweight at Barclays; PT 22 euros
* Heidelberg Materials Cut to Equal-Weight at Barclays
* Inchcape Cut to Neutral at JPMorgan; PT 800 pence
* INVISIO AB Cut to Hold at SEB Equities; PT 345 kronor
* Ithaca Energy Cut to Neutral at Goldman; PT 160 pence
* Nemetschek Cut to Add at Baader Helvea; PT 120 euros
* Novartis Cut to Hold at Intron Health; PT 110 Swiss francs
* Proximus Cut to Neutral at Oddo BHF; PT 7 euros

>>> Initiation
* Ahold Delhaize Reinstated Neutral at Citi; PT 37 euros
* Alpha Group Internationa Rated New Buy at HSBC; PT 2,855 pence
* Norsk Hydro Re-Initiated Buy at Kepler Cheuvreux; PT 88 kroner

>>> Call
* Palantir Gets Street-High Price Target From Wedbush on AI Growth