>>> Europe : Brokers Upgrades & Downgrades - 28th of May 2026 V2(+)

>>> Up
* ABN Amro GDRs Raised to Add at AlphaValue/Baader
* Adidas Raised to Neutral at BofA; PT 172 euros (+)
* Avolta PT raised from CHF 55 to CHF 59 at Berenberg
* BAE Raised to Outperform at Mediobanca SpA; PT 2,600 pence
* Boliden Raised to Overweight at Barclays; PT 650 kronor
* Computacenter PT Raised to 4,500 pence at JPMorgan (+)
* Grenergy Renovables PT Raised to 150 euros from 115 euros at RBC
* L'Oreal Raised to Buy at Berenberg; PT 435 euros
* Loihde Raised to Accumulate at Inderes; PT 14.40 euros
* Metro Bank PT Raised to 195 pence from 170 pence at RBC
* MPC Container Ships Raised to Hold at Pareto Securities (+)
* Nokia Raised to Buy at SEB Equities; PT 8.90 euros
* General Motors Files Recall of 4,125 Vehicles: NHTSA (+)
* Quilter PT Raised to 225 pence from 220 pence at RBC
* STMicro PT Raised to 74 euros from 46 euros at Morgan Stanley
* Talanx Raised to Market Perform at Bernstein (+)

>>> Down
* Grenergy Renovables Cut to Neutral at Mediobanca SpA
* Hafnia Cut to Hold at Pareto Securities; PT 79 kroner
* Heineken Cut to Hold at Deutsche Bank; PT 76 euros
* Hiscox Cut to Add at Peel Hunt; PT 1,960 pence
* Puma Cut to Underperform at BofA; PT 27 euros (+)
* Vistry Group Cut to Hold at Goodbody; PT 260 pence (+)
* Wartsila Cut to Neutral at UBS; PT 40 euros
* X-Fab Silicon Foundries Cut to Reduce at KBC Securities

>>> Initiation
* All for One Group SE Rated New Outperform at Oddo BHF
* Atlas Copco Rated New Neutral at SB1 Markets; PT 190 kronor
* Aviva Rated New Buy at Berenberg; PT 800 pence
* Centiel AG Rated New Neutral at UBS; PT 5.50 Swiss francs
* Centiel AG Rated New Neutral at Oddo BHF; PT 5.30 Swiss francs
* Centiel AG Rated New Buy at Octavian; PT 6.20 Swiss francs
* EDP SA Rated New Buy at Citi; PT 5.10 euros
* Lastminute.com Rated New Outperform at Davy (+)
* Omnicom Reinstated Neutral at Rothschild & Co Redburn; PT $89
* Publicis Reinstated Buy at Rothschild & Co Redburn; PT 110 euros
* SGL Rated New Neutral at Oddo BHF; PT 5 euros
* WPP Reinstated Buy at Rothschild & Co Redburn; PT 435 pence

>>> Call
* L’Oreal Growth at Inflection Point, Upgraded to Buy at Berenberg
* SGL Carbon New Neutral at Oddo BHF, Profitability Growth on Hold