>>> Europe : Brokers Upgrades & Downgrades - 27th of April 2026

>>> Up
* Cicor Tech Raised to Buy at Research Partners
* Commerzbank Upgraded to Buy from Neutral by Bank of America
* Coop Pank Raised to Buy at Swedbank; PT 2.80 euros
* Humana Raised to Buy at SEB Equities; PT 50 kronor
* Leonardo PT Raised to 82 euros from 71 euros at Morgan Stanley
* Lifco Raised to Buy at SEB Equities; PT 340 kronor
* Nokia ADRs Raised to Buy at Argus; PT $15
* Orsted Raised to Buy at Goldman; PT 185 kroner
* Sartorius Raised to Buy at Berenberg; PT 250 euros
* Snap Raised to Buy at Rothschild & Co Redburn; PT $10
* Tomra Raised to Buy at SB1 Markets; PT 105 kroner
* Volvo Price Target Raised to SEK 380 from SEK 370 by Bank of America

>>> Down
* Apetit Cut to Sell at Inderes; PT 12.50 euros
* Castellum Cut to Hold at Pareto Securities; PT 130 kronor
* Castellum Cut to Neutral at SB1 Markets; PT 130 kronor
* Corticeira Amorim Cut to Hold at Bestinver; PT 6.95 euros
* GE Vernova Cut to Neutral at BNP Paribas; PT $1,190
* HMS Networks Cut to Hold at Pareto Securities; PT 539 kronor
* Holmen PT Cut to 286 kronor from 306 kronor at JPMorgan
* Leroy Cut to Hold at Fearnley; PT 52 kroner
* Loihde Cut to Reduce at Inderes; PT 14.60 euros
* Maasoeval Cut to Hold at Fearnley; PT 36 kroner
* Mycronic Cut to Hold at ABG; PT 300 kronor
* Mycronic Cut to Hold at Nordea
* Mycronic Cut to Hold at SEB Equities; PT 315 kronor
* NCAB Group Cut to Hold at Pareto Securities; PT 76 kronor
* Nexi Cut to Underperform at BofA
* Sainsbury Cut to Sell at Goldman; PT 335 pence
* Sainsbury Cut to Neutral at Citi; PT 335 pence
* Sainsbury Cut to Neutral at Citi on Weaker Guidance for 2027
* Subsea 7 Cut to Hold at Fearnley; PT 302 kroner
* Thyssenkrupp Nucera Cut to Hold at Deutsche Bank; PT 10 euros
* Vaisala Cut to Accumulate at Inderes; PT 55 euros
* Wereldhave Cut to Neutral at Van Lanschot Kempen; PT 22 euros

>>> Initiation
* Appear Rated New Buy at Arctic Securities; PT 100 kroner
* Posti Group Rated New Accumulate at Inderes; PT 10 euros
* Rentokil Rated New Hold at Investec; PT 510 pence

>>> Call
* Leonardo Undervalued, PT Raised to Street-High at Morgan Stanley
* Nike, Adidas Get More Than Sales Lift From World Cup: Bernstein
* Sainsbury Cut to Neutral at Citi on Weaker Guidance for 2027
* Sartorius Risk-Reward Has Shifted, Raised to Buy at Berenberg