>>> Europe : Brokers Upgrades & Downgrades - 26th of February 2026 V2(+)

>>> 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
* NKT Raised to Buy at Jyske Bank; PT 920 kroner (+)
* Oriola Raised to Accumulate at Inderes; PT 1.20 euros

>>> Down
* Amrize Cut to Neutral at On Field
* Aston Martin PT Cut to 50 pence at Kepler Cheuvreux (+)
* BP Cut to Neutral at Grupo Santander; PT 520 pence (+)
* Ebro Foods Cut to Neutral at Oddo BHF; PT 21.30 euros (+)
* 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
* MTU Aero Cut to Hold at Kepler Cheuvreux (+)
* Oerlikon Cut to Sector Perform at RBC; PT 4.40 Swiss francs
* Sandoz Group Cut to Equal-Weight at Barclays; PT 75 Swiss francs
* TotalEnergies Cut to Neutral at Grupo Santander; PT 67 euros (+)

>>> 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
* Sandoz Group Cut to Hold at Bank Vontobel; PT 75 Swiss francs (+)