>>> Europe : Brokers Upgrades & Downgrades - 27th of January 2025

>>> Up
* Alleima Raised to Buy at SEB Equities; PT 105 kronor
* Bonheur Raised to Buy at Clarksons; PT 290 kroner
* Boreo Raised to Accumulate at Inderes; PT 11.50 euros
* Elkem Raised to Buy at DNB Markets; PT 30 kroner
* Givaudan Raised to Overweight at JPMorgan; PT 4,400 Swiss francs
* Interpublic Raised to Overweight at JPMorgan; PT $39
* Legal & General Raised to Buy at HSBC; PT 265 pence
* LVMH Raised to Overweight at Morgan Stanley; PT 820 euros
* Nemetschek Raised to Buy at Goldman; PT 135 euros
* Pandora Raised to Buy at Jefferies; PT 1,550 kroner
* Snam Raised to Outperform at Grupo Santander; PT 5.40 euros
* SocGen Raised to Overweight at Barclays; PT 41 euros

>>> Down
* Edenred Cut to Equal-Weight at Barclays; PT 36 euros
* Generali Cut to Hold at HSBC; PT 30.50 euros
* Gjensidige Cut to Hold at Norne Securities; PT 240 kroner
* Hugo Boss Cut to Hold at Jefferies; PT 45 euros
* Legrand Cut to Underperform at Jefferies; PT 86 euros
* National Bank of Greece Cut to Hold at HSBC; PT 9.90 euros
* Norsk Hydro Cut to Sell at SEB Equities; PT 62 kroner
* Var Energi Cut to Neutral at SpareBank; PT 40 kroner

>>> Initiation
* Interroll Rated New Hold at Octavian; PT 1,940 Swiss francs
* Soluciones Cuatroochenta Rated New Buy at JB Capital Markets

>>> Call
* Alcon Price Target Trimmed as Needham Flags Conference Comments
* GE Vernova Cut as Guggenheim Says ‘Easy Money Has Been Made’ (1)
* LVMH Upgraded at Morgan Stanley After Prospects Improve