>>> Europe : Brokers Upgrades & Downgrades - 24th of Sept 2026

>>> Up
* Covivio Raised to Outperform at Bernstein
* Meta Raised to Buy at President Capital Management; PT $897
* MTU Aero Raised to Buy at Citi; PT 445 euros
* Nebius Group Raised to Outperform at BNP Paribas
* Sabadell Raised to Outperform at BNP Paribas; PT 4.30 euros
* Sensorion Raised to Buy at HC Wainwright; PT 32 euros
* SSH Communications Security Raised to Reduce at Inderes
* WDP Raised to Outperform at Bernstein

>>> Down
* Alior Cut to Hold at Wood & Company; PT 142.40 zloty
* Bank Pekao Cut to Hold at Wood & Company; PT 281.10 zloty
* BMW Cut to Hold at HSBC; PT 69 euros
* Dropbox Cut to Sell at Citi; PT $29
* Getinge Cut to Hold at Pareto Securities; PT 255 kronor
* Hiab Cut to Hold at SEB Equities; PT 65 euros
* Kingfisher Cut to Hold at Investec; PT 355 pence
* Segro Cut to Market Perform at Bernstein

>>> Initiation
* Akzo Nobel Reinstated Overweight at JPMorgan; PT 72 euros
* Allwyn AG Rated New Equal-Weight at Barclays; PT 14 euros
* Ballys Intralot Rated New Overweight at Barclays; PT 1.40 euros
* Imax Rated New Overweight at Morgan Stanley; PT $63
* Optima bank Rated New Buy at UBS; PT 16 euros

>>> Call
* JPMorgan Selective in European Chemicals Amid Tough Backdrop
* MTU Aero Double-Upgraded at Citi on Clear Cash Conversion Route
* RBC Sees Capital Rotation Lifting Biotech If AI Trade Fades
* Covivio, WDP Raised at Bernstein, Aedifica, Merlin in Top Picks