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

>>> Up
* Autotrader Group PLC Raised to Buy at Peel Hunt; PT 630 pence
* Eiffage Raised to Buy at Citi; PT 155 euros
* FedEx Raised to Overweight at JPMorgan; PT $460
* Gjensidige Raised to Equal-Weight at Barclays; PT 265 kroner
* GXO Logistics Raised to Overweight at Barclays; PT $65
* HB Fuller Raised to Neutral at JPMorgan; PT $58
* Lem Raised to Buy at Research Partners; PT 515 Swiss francs
* Rockwool Raised to Buy at ABG; PT 225 kroner
* Sampo Raised to Overweight at Barclays; PT 11 euros
* SGS Raised to Outperform at Oddo BHF; PT 100 Swiss francs

>>> Down
* Ferrovial NV Cut to Neutral at Citi; PT 60.15 euros
* Flow Traders Cut to Sell at ING; PT 24.90 euros
* Intertek Cut to Neutral at Oddo BHF; PT 6,000 pence
* Prosegur Cut to Sell at Goldman; PT 2.60 euros
* Vinci Cut to Neutral at Citi; PT 133 euros

>>> Initiation
* ALK-Abello Rated New Buy at Berenberg; PT 305 kroner
* GE Aerospace Rated New Buy at Seaport Global Securities; PT $375
* JDC Group Rated New Buy at Berenberg; PT 36 euros
* Kazatomprom GDRs Rated New Buy at UBS; PT $90
* Meta Rated New Outperform at Safra; PT $835
* Norion Bank Rated New Buy at SB1 Markets; PT 70 kronor
* Sandisk Rated New Buy at Soochow Securities

>>> Call
* ALK-Abello New Buy at Berenberg on Growing Allergy Market
* Eiffage Seen Among Standouts in Infrastructure, Vinci Cut: Citi
* Sandisk Upgraded as Barclays Positive on Structure of Contracts
* SGS Raised, Intertek Cut as Oddo BHF Shifts Sector ‘Heirarchy’