>>> Europe : Brokers Upgrades & Downgrades - 26th of February 2026

>>> Up
* AL Sydbank Raised to Buy at Nordea; PT 660 kroner
* Buzzi SpA Raised to Add at AlphaValue/Baader
* CFE Raised to Buy at ING; PT 14.50 euros
* Exosens SAS PT Raised to 71 euros from 60 euros at JPMorgan
* Gofore Raised to Buy at Inderes; PT 14.50 euros
* Oriola Raised to Accumulate at Inderes; PT 1.20 euros

>>> Down
* Amrize Cut to Neutral at On Field
* First Solar Cut to Hold at Deutsche Bank; PT $245
* Kamux Cut to Sell at SEB Equities; PT 1.50 euros
* Mosaic Cut to Underweight at JPMorgan; PT $24
* Oerlikon Cut to Sector Perform at RBC; PT 4.40 Swiss francs
* Sandoz Group Cut to Equal-Weight at Barclays; PT 75 Swiss francs

>>> Initiation
* Cairn Homes Rated New Buy at Berenberg; PT 2.90 euros
* Glenveagh Rated New Buy at Berenberg; PT 2.70 euros
* Orsted ADRs Rated New Buy at Berenberg; PT $9.47
* Parrot Rated New Overweight at Cantor; PT 11 euros

>>> Call
* Freenet Results, Guidance Hit by Single MNO Agreement, Citi Says