>>> Up
* Almirall Raised to Buy at Bestinver; PT 10.45 euros (+)
* Benchmark Holdings Raised to Buy at Investec; PT 43 pence (+)
* Burberry PT Raised to 1,400 pence at Deutsche Bank (+)
* Diversified Energy PT Raised to $21 from $19 at KeyBanc
* K+S Raised to Add at Baader Helvea; PT 13.50 euros
* K+S Raised to Add at Baader Helvea; PT 13.50 euros
* Matas Raised to Buy at SEB Equities; PT 160 kroner
* Palfinger Raised to Accumulate at Erste Group; PT 25 euros
* Partners Group Private E Raised to Buy at Stifel (+)
* Randstad Raised to Buy at Jefferies; PT 50 euros
* Salzgitter Raised to Neutral at Oddo BHF; PT 18 euros
* Siemens Energy Raised to Buy at Kepler Cheuvreux (+)
* Siemens Energy PT Raised to 83 euros from 80 euros at BofA -+)
* Tecnotree Raised to Reduce at Inderes; PT 3 euros
* Telecom Italia Raised to Buy at Kepler Cheuvreux (+)
* Victoria's Secret Raised to Overweight at Barclays; PT $53
* Voestalpine Raised to Outperform at Oddo BHF; PT 24 euros
* Xvivo Perfusion Raised to Buy at Bryan Garnier; PT 480 kronor (+)
>>> Down
>>> Down
* Adecco Cut to Underperform at Jefferies; PT 19.50 Swiss francs
* Anglo American Cut to Market Perform at Bernstein (+)
* CT Private Equity Trust Cut to Hold at Stifel (+)
* Gurit Cut to Hold at Octavian; PT 17 Swiss francs (+)
* ICG Enterprise Cut to Hold at Stifel (+)
* Mandatum Cut to Hold at SEB Equities; PT 4.80 euros
* Monte Paschi Cut to Neutral at Citi; PT 6.35 euros
* Outokumpu Cut to Neutral at Oddo BHF; PT 3.40 euros
* Outokumpu Cut to Neutral at Oddo BHF; PT 3.40 euros
* SUSS MicroTec Cut to Hold at Hauck & Aufhaeuser; PT 46 euros (+)
* Swatch Cut to Underweight at Morgan Stanley; PT 145 Swiss francs
>>> Initiation
>>> Initiation
* doValue Rated New Buy at Intesa Sanpaolo; PT 2.60 euros (+)
* Emerson Electric Rated New Outperform at Daiwa; PT $147
* Hoist Finance Rated New Buy at Arctic Securities; PT 108 kronor
* Louis Hachette Group Rated New Outperform at Oddo BHF
* Moreld Rated New Buy at SpareBank; PT 22 kroner
* Moreld Rated New Buy at SpareBank; PT 22 kroner
>>> Call
* Adecco Seen Lower as Jefferies Cut on Balance Sheet Concerns (+)
* Anglo American Cut at Bernstein as ‘BHP Put’ off the Table (+)
* Monte Paschi Cut at Citi, Deutsche Bank After Mediobanca Offer (+)
* Siemens Energy Results to Lift Stock After DeepSeek Rout: Citi (+)
* Siemens Energy Results to Lift Stock After DeepSeek Rout: Citi (+)
* Swatch Cut to Underweight at Morgan Stanley Amid Headwinds (+)