>>> Europe : Brokers Upgrades & Downgrades - 28th of February 2025

>>> Up
* Li Auto ADRs Raised to Overweight at JPMorgan; PT $40

>>> Down
* Aixtron Cut to Underperform at BofA
* Fortum Cut to Equal-Weight at Morgan Stanley; PT 15.60 euros
* LeadDesk Cut to Accumulate at Inderes; PT 8.50 euros
* Nurminen Logistics Cut to Accumulate at Inderes; PT 1.20 euros
* SpareBank 1 Nord Norge Cut to Neutral at SpareBank
* Tekova Cut to Accumulate at Inderes; PT 1 euro
* Vow ASA Cut to Neutral at Clarksons; PT 1.60 kroner
* Wienerberger Cut to Equal-Weight at Morgan Stanley; PT 35 euros
* WPP Cut to Equal-Weight at Barclays; PT 780 pence

>>> Initiation
* Cerillion Rated New Buy at Peel Hunt; PT 2,020 pence
* H&T Group Rated New Buy at Panmure Liberum; PT 500 pence
* Zealand Pharma Rated New Market Perform at William Blair

>>> Call