>>> Europe : Brokers Upgrades & Downgrades - 26th of March 2024

>>> Up
* ADP Raised to Neutral at Redburn; PT 125 euros
* AUTO1 Raised to Equal-Weight at Morgan Stanley; PT 4.60 euros
* BNP Paribas Raised to Buy at Goldman; PT 82.60 euros
* Detection Tech Oy Raised to Buy at Inderes; PT 15.50 euros
* Emeis Raised to Hold at SocGen; PT 14 euros
* Enel Raised to Overweight at Morgan Stanley; PT 7.50 euros
* F-Secure Raised to Buy at Inderes; PT 2.20 euros
* Generali Raised to Add at AlphaValue/Baader
* JM Raised to Buy at SEB Equities; PT 245 kronor
* Lonza Raised to Buy at Mirabaud Securities; PT 580 Swiss francs
* LVMH Raised to Overweight at Barclays; PT 937 euros
* Marimekko Raised to Accumulate at Inderes; PT 12.50 euros
* Porsche AG Raised to Buy at Berenberg
* Santander Raised to Overweight at Barclays
* Seagate Raised to Overweight at Morgan Stanley; PT $115
* Terveystalo Raised to Buy at Inderes; PT 8.70 euros

>>> Down
* Assa Abloy Cut to Hold at Pareto Securities; PT 325 kronor
* BBVA Cut to Equal-Weight at Barclays
* CA Immo Cut to Accumulate at SRC Research; PT 33 euros
* Cembre Cut to Hold at Berenberg; PT 44 euros
* Dr Martens Cut to Sell at Goldman; PT 87 pence
* Lagercrantz Cut to Hold at SEB Equities; PT 170 kronor
* Mobico Group Cut to Sector Perform at RBC; PT 80 pence
* Schweiter Cut to Add at Baader Helvea; PT 557 Swiss francs
* Stellantis Cut to Hold at Berenberg; PT 29 euros
* UCB Cut to Hold at SocGen; PT 127 euros

>>> Initiation
* Bankinter Rated New Equal-Weight at Barclays
* Bawag Reinstated Overweight at Morgan Stanley; PT 79 euros
* Carnival Rated New Buy at Mizuho Securities; PT $21
* Hilton Grand Vacations Rated New Buy at Mizuho Securities
* Experian Rated New Hold at SocGen; PT 3,300 pence
* Las Vegas Sands Rated New Buy at Mizuho Securities; PT $70
* Marriott Intl Rated New Neutral at Mizuho Securities; PT $263
* Marriott Vacations Rated New Buy at Mizuho Securities; PT $128
* MGM Resorts Rated New Buy at Mizuho Securities; PT $61
* Norwegian Cruise Rated New Neutral at Mizuho Securities; PT $21
* Piovan Rated New Buy at Berenberg; PT 15.40 euros
* Unicaja Rated New Equal-Weight at Barclays
* Vail Resorts Rated New Buy at Mizuho Securities; PT $256

>>> Call
* Europe Automakers in Transition Year, Berenberg Cuts Stellantis
* Auto1 Upgraded at Morgan Stanley, Still Faces ‘Balancing Act’
* Enel Upgraded at Morgan Stanley on Strategic Opportunities
* Mobico Loses Clean Sweep of Buys, RBC Sees More Reward Elsewhere
* Porsche's 911, eMacan Bid to Expand Margin, Close Gap to Ferrari
* Santander Raised, BBVA Cut at Barclays in Spanish Banks Coverage