>>> Europe : Brokers Upgrades & Downgrades - 24th of June 2025 V2(+)

>>> Up
* Aurubis Raised to Outperform at Oddo BHF; PT 105 euros
* Aviva Raised to Outperform at Mediobanca SpA; PT 689 pence
* Bioretec Raised to Buy at Inderes; PT 2.40 euros
* Colruyt Raised to Accumulate at KBC Securities; PT 41 euros (+)
* CVC Capital Raised to Overweight at Barclays; PT 19.80 euros
* Dialight Raised to Buy at Investec; PT 220 pence (+)
* Electronic Arts Raised to Buy at Roth Capital Partners; PT $185
* Eutelsat Raised to Hold at Kepler Cheuvreux (+)
* Holcim Raised to Overweight at Morgan Stanley
* Holcim Raised to Buy at BofA (+)
* MakeMyTrip Raised to Outperform at Macquarie; PT $110
* Mapfre Raised to Equal-Weight at Barclays; PT 3.50 euros
* Melexis Raised to Overweight at Morgan Stanley; PT 80 euros
* Monte Paschi Raised to Buy at BofA (+)
* Sweco Raised to Buy at SEB Equities; PT 180 kronor
* Tullow Raised to Add at AlphaValue/Baader

>>> Down
* Aker BP Cut to Neutral at SpareBank; PT 290 kroner (+)
* ASR Nederland Cut to Neutral at Citi; PT 55.31 euros
* BMW Cut to Underperform at BNPP Exane; PT 63 euros
* Bunzl Cut to Hold at Stifel; PT 2,600 pence (+)
* Deutsche Post Cut to Sell at UBS; PT 36 euros (+)
* Eurotelesites Cut to Accumulate at Erste Group; PT 5.90 euros
* Hims & Hers Health Cut to Hold at Needham
* Hugo Boss Cut to Add at Baader Helvea; PT 42 euros
* Incap Cut to Reduce at Inderes; PT 12 euros (+)
* Intesa Sanpaolo Cut to Neutral at BofA (+)
* Lindt & Spruengli Cut to Neutral at BofA (+)
* Partners Group Cut to Neutral at BofA (+)
* Porsche Cut to Neutral at BNPP Exane; PT 42 euros
* Deutsche Post Cut to Sell at UBS; PT 36 euros (+)
* Poste Italiane Cut to Hold at Jefferies; PT 18.40 euros
* Reinet Investments Cut to Hold at SBG Securities; PT 27.57 euros (+)
* Var Energi Cut to Neutral at SpareBank; PT 37 kroner

>>> Initiation
* Amrize Rated New Outperform at RBC
* Amrize Rated New Overweight at Morgan Stanley
* Amrize Rated New Outperform at ZKB
* Grenke Rated New Buy at DZ Bank; PT 22 euros
* Holcim Reinstated Overweight at JPMorgan; PT 65 Swiss francs
* Nexans Rated New Buy at Deutsche Bank; PT 131 euros (+)
* Odfjell Drilling Rated New Buy at William O'Neil
* On The Beach Rated New Outperform at RBC; PT 340 pence
* Prysmian Rated New Buy at Deutsche Bank; PT 67 euros (+)

>>> Call
* Alibaba Rises as Citi Says Delivery, Travel Union is Positive
* DKSH Gets New Buy at Berenberg on Attractive Asia Exposure
* Elisa Upgraded at Citi on Near-Term Boost From Security Fees
* Holcim is Upgraded at Morgan Stanley Following Amrize Spinoff
* Melexis Raised at Morgan Stanley, Top EU Small-Cap Semi Pick (+)