>>> Europe : Brokers Upgrades & Downgrades - 24th of April 2025

>>> Up
* Adidas Raised to Buy at BofA
* AF Gruppen Raised to Buy at ABG; PT 160 kroner
* AQ Group Raised to Buy at SEB Equities; PT 160 kronor
* Assa Abloy Raised to Buy at Pareto Securities; PT 340 kronor
* Baloise Raised to Buy at Berenberg; PT 226.40 Swiss francs
* Bankinter Raised to Buy at Bestinver; PT 11.10 euros
* GE Aerospace Raised to Buy at President Capital Management
* J. Martins Raised to Buy at Bestinver; PT 24 euros
* OMV Raised to Add at AlphaValue/Baader
* Orion Raised to Buy at SEB Equities; PT 57 euros
* Sika Raised to Outperform at BNPP Exane; PT 240 Swiss francs
* Syncona Ltd Raised to Buy at Jefferies

>>> Down
* Atea Cut to Neutral at Cantor; PT 137 kroner
* CaixaBank Cut to Hold at Bestinver; PT 6.70 euros
* Equinor Cut to Hold at Norne Securities; PT 260 kroner
* Fuchs Cut to Reduce at Baader Helvea; PT 39 euros
* LVMH Cut to Hold at HSBC; PT 575 euros
* Moncler Cut to Hold at HSBC; PT 60 euros
* Remy Cointreau Cut to Neutral at Oddo BHF; PT 43 euros
* Revenio Cut to Hold at SEB Equities; PT 26 euros
* Sabadell Cut to Hold at Bestinver; PT 2.57 euros
* Sampo Cut to Hold at SEB Equities; PT 9.40 euros
* Sinch Cut to Neutral at Cantor; PT 23 kronor
* Texas Instruments Cut to Hold at Summit Insights

>>> Initiation
* AF Gruppen Rated New Buy at SpareBank; PT 165 kroner
* Arkema Rated New Underperform at Bernstein; PT 53 euros
* Assa Abloy Rated New Equal-Weight at Oxcap; PT 308.60 kronor
* Seabird Exploration Rated New Buy at Arctic Securities

>>> Call
* Arkema in ‘Sticky Situation,’ New Underperform at Bernstein
* Jefferies’ Wood Says Best Over for US Stocks, Sees More Losses
* Verallia Estimates Set to Drop Following Guidance Cut, Citi Says