>>> Europe : Brokers Upgrades & Downgrades - 25th of March 2024

>>> Up
* Bureau Veritas Raised to Overweight at JPMorgan; PT 31 euros
* Disney Raised to Overweight at Barclays; PT $135
* Emeis Raised to Reduce at AlphaValue/Baader
* Ferrari PT Raised to 463 euros from 380 euros at RBC
* Gecina Raised to Buy at Goldman; PT 112 euros
* Givaudan PT Raised to 4,700 Swiss francs at Bank Vontobel
* Heidelberg Materials Raised to Buy at Deutsche Bank
* LEG Immobilien Raised to Overweight at Barclays; PT 90 euros
* LEG Immobilien Raised to Neutral at Goldman; PT 70.30 euros
* SGS Raised to Neutral at JPMorgan; PT 96 Swiss francs
* Terna Raised to Outperform at Grupo Santander; PT 9 euros
* Vossloh Raised to Buy at Deutsche Bank; PT 53 euros
* Wirtualna Polska Raised to Buy at Erste Group; PT 145 zloty

>>> Down
* BBVA Cut to Neutral at JB Capital Markets; PT 12 euros
* Bunzl Cut to Neutral at JPMorgan; PT 3,140 pence
* Clariane Cut to Sell at AlphaValue/Baader
* Fondia Cut to Accumulate at Inderes; PT 8 euros
* SocGen Cut to Equal-Weight at Morgan Stanley; PT 29 euros
* TAG Immobilien Cut to Equal-Weight at Barclays; PT 11.30 euros
* Tesla Cut to Neutral at Mizuho Securities; PT $195
* TotalEnergies Cut to Hold at SocGen; PT 69 euros

>>> Initiation
* dotdigital Rated New Overweight at Cantor; PT 115 pence
* Fincantieri Rated New Hold at Stifel; PT 62 euro cents
* Inwido Reinstated Buy at Nordea; PT 185 kronor
* Sinch Rated New Overweight at Cantor; PT 35 kronor
* Vercom Rated New Buy at Erste Group; PT 141 zloty

>>> Call
* Ferrari Gets Street-High Price Target at RBC on EV Opportunity
* Goldman Strategists Raise Stoxx 600 Target on Growth, Rate Cuts
* Morgan Stanley Upgrades Energy Stocks on Valuation, Oil Prices
* SocGen Cut at Morgan Stanley as Awaits Delivery on Strategy
* UCB Upgraded at Morgan Stanley on Strong Bimzelx Trajectory