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

>>> Up
* 3i Raised to Overweight at Morgan Stanley; PT 4,069 pence
* Bachem Raised to Buy at Octavian; PT 86 Swiss francs
* Banco BPM Raised to Outperform at Mediobanca SpA; PT 8.20 euros
* Barratt Redrow PLC Raised to Buy at Jefferies; PT 507 pence
* Equinor Raised to Overweight at Barclays; PT 400 kroner
* Elastic Raised to Outperform at Wedbush; PT $135
* Liontrust Raised to Buy at Peel Hunt; PT 560 pence
* Nordea Bank Raised to Overweight at Morgan Stanley
* Robinhood Raised to Overweight at Morgan Stanley; PT $55
* Santander Raised to Overweight at Morgan Stanley; PT 5.90 euros
* Santander Brasil ADRs Raised to Overweight at JPMorgan; PT $6
* Siemens Energy PT Raised to 70 euros from 35 euros at Berenberg
* Snowflake Raised to Outperform at Wedbush; PT $190

>>> Down
* Barrick Gold Cut to Neutral at CIBC; PT C$30.75
* CaixaBank Cut to Equal-Weight at Morgan Stanley; PT 6.25 euros
* Dassault Aviation Cut to Hold at Kepler Cheuvreux
* Hiscox PT Cut to 1,000 pence from 1,150 pence at Jefferies
* ING Cut to Equal-Weight at Morgan Stanley; PT 17.50 euros
* Kone Cut to Underperform at RBC; PT 44 euros
* Orsted Cut to Neutral at Goldman; PT 445 kroner
* Thales Cut to Hold at Kepler Cheuvreux

>>> Initiation
* Lundbergforetagen Rated New Sell at ABG; PT 493 kronor

>>> Call
* 3i Raised at Morgan Stanley, CVC Now Top Diversified Pick
* Kone Cut to Underperform at RBC on Downside Risks to Consensus
* Nordea, Santander Raised at Morgan Stanley, Now Among Top Picks