>>> Europe : Brokers Upgrades & Downgrades - 27th of Aug 2026 V2(+)

>>> Up
* Abercrombie & Fitch PT Raised to $175 from $135 at Jefferies
* Bilfinger Raised to Buy at UBS; PT 102 euros
* Computacenter Raised to Buy at Peel Hunt; PT 6,000 pence
* Galenica Raised to Buy at Bank Vontobel; PT 95 Swiss francs (+)
* IONOS Group SE Raised to Buy at Kepler Cheuvreux (+)
* Materialise Raised to Buy at KBC Securities; PT 7.60 euros (+)
* Novonesis Raised to Add at AlphaValue/Baader
* Taylor Wimpey Raised to Hold at Goodbody (+)
* United Internet Raised to Buy at Kepler Cheuvreux (+)
* Vestas Raised to Buy at Berenberg; PT 240 kroner

>>> Down
* Admiral Cut to Hold at Berenberg
* Central Asia Metals Cut to Hold at Berenberg; PT 190 pence
* Deoleo Cut to Neutral at JB Capital Markets; PT 43 euro cents
* DocMorris Cut to Hold at Jefferies; PT 11 Swiss francs
* Equinor Cut to Sell at SB1 Markets; PT 365 kroner
* Givaudan Cut to Underweight at Morgan Stanley
* Intuit Cut to Peerperform at Wolfe
* Li Auto ADRs PT Cut to $14 from $15.90 at Citi
* Nagarro Cut to Hold at Jefferies; PT 81 euros
* Nestle Cut to Market Perform at ZKB (+)
* Novo Nordisk Cut to Sell at Deutsche Bank; PT 265 kroner
* Yara Cut to Sell at DNB Carnegie; PT 400 kroner (+)

>>> Initiation
* Enea Rated New Hold at Noble Securities SA; PT 19.94 zloty
* Epiroc Reinstated Hold at Berenberg; PT 290 kronor (+)
* Invisio AB Rated New Buy at SB1 Markets; PT 315 kronor
* Medcap Rated New Buy at SB1 Markets; PT 620 kronor
* Metso Reinstated Buy at Berenberg; PT 21 euros (+)
* Mildef Group Rated New Buy at SB1 Markets; PT 272 kronor
* Saab Rated New Neutral at SB1 Markets; PT 650 kronor
* Sandvik Reinstated Hold at Berenberg; PT 415 kronor (+)

>>> Call
* Admiral’s Valuation Now Appears Fair, Cut to Hold at Berenberg
* AXA Estimates Raised at Citi, Placed on Positive Catalyst Watch
* DocMorris Cut at Jefferies, Bechtle, Inficon Favored Mid-Caps
* Givaudan Downgraded at Morgan Stanley, IFF, Novonesis Top Picks
* Novo Nordisk Cut to Sell at Deutsche Bank Amid High Uncertainty (+)
* Taylor Wimpey Earnings Risk Moderates, Goodbody Upgrades to Hold (+)
* Vestas Upgraded at Berenberg Following ‘Exceptional’ Results