>>> Europe : Brokers Upgrades & Downgrades - 25th of Aug 2026

>>> Up
* Dino Polska Raised to Buy at Wood & Company; PT 42.90 zloty
* Drax Raised to Neutral at UBS; PT 745 pence
* Imax PT Raised to $61 from $52 at B Riley(Earlier)
* Kitron Raised to Buy at Pareto Securities; PT 100 kroner
* Yara Raised to Buy at Arctic Securities; PT 500 kroner

>>> Down
* DKSH Cut to Hold at Berenberg; PT 68 Swiss francs
* Keskisuomalainen Cut to Reduce at Inderes; PT 10 euros
* Zabka Cut to Hold at Wood & Company; PT 33.50 zloty

>>> Initiation
* Amrize Rated New Neutral at DA Davidson; PT 40.11 Swiss francs
* Cloetta Rated New Neutral at SB1 Markets; PT 62 kronor
* CRH Reinstated Buy at DA Davidson; PT $137
* Digi Spain Telecom Rated New Buy at UBS; PT 7.80 euros
* Digi Spain Telecom Rated New Overweight at Barclays
* Digi Spain Telecom Rated New Buy at Citi; PT 8.30 euros
* Digi Spain Telecom Rated New Outperform at BNP Paribas
* HIAG Immobilien Reinstated Add at Baader Helvea
* Jupiter Reinstated Buy at Berenberg; PT 187 pence
* Martin Marietta Rated New Neutral at DA Davidson; PT $625
* Vulcan Materials Reinstated Buy at DA Davidson; PT $330

>>> Call
* Jupiter Initiated Buy at Berenberg, Primed for Outperformance
* Citi Raises Near-Term Gold Target to $4,800 on Fed Buybacks
* DKSH Downgraded to Hold at Berenberg on Balanaced Risk-Reward
* Next Upgraded at Citi on Improving Returns, M&S Remains a Buy