>>> Europe : Brokers Upgrades & Downgrades - 29th of July 2024

>>> Up
* Alphabet Raised to Buy at Phillip Secs; PT $205
* Apple Raised to Hold at Aletheia Capital
* Aixtron Raised to Neutral at BNPP Exane; PT 20 euros
* Eni Raised to Outperform at RBC
* Lonza PT Raised to 700 Swiss francs at Jefferies
* Thales Raised to Buy at Citi; PT 168 euros
* UCB PT Raised to 185 euros from 167 euros at Jefferies
* Zalando Raised to Outperform at Grupo Santander; PT 31.20 euros
* Zurich Airport Raised to Buy at Stifel; PT 265 Swiss francs

>>> Down
* Drax Cut at Morgan Stanley, Re-Rating Limited in Short-Term
* Evotec SE ADRs Cut to Equal-Weight at Morgan Stanley; PT $6
* Evotec SE Cut to Equal-Weight at Morgan Stanley; PT 12 euros
* Hugo Boss Cut to Hold at Stifel; PT 40 euros
* Iovance Biotherapeutics Cut to Neutral at Piper Sandler; PT $10
* Thyssenkrupp PT Cut to 4 euros from 4.60 euros at Morgan Stanley
* Umicore cut to Strong Sell from Sell at Center for Financial Research & Analysis, PT EUR10

>>> Initiation
* Prisma Properties Rated New Buy at Nordea; PT 31 kronor
* Prisma Properties Rated New Buy at ABG; PT 32 kronor
* Sacyr Reinstated Neutral at BNPP Exane; PT 3.50 euros
* Smurfit WestRock Rated New Hold at Jefferies; PT $52
* TSMC ADRs Rated New Buy at SPDB Intl HK; PT $197.60

>>> Call
* Alibaba Shares Rise in Hong Kong; Jefferies Sees More Catalysts
* BAE Raised to Buy at Citi, More Confidence in Growth Outlook
* Drax Cut at Morgan Stanley, Re-Rating Limited in Short-Term
* Evotec Downgraded at Morgan Stanley on Limited Visibility
* Hedge Funds Modestly Bought US Stocks After Big Unwinds: Goldman
* Reckitt, Abbott Sentiment Likely Hit by Formula Award: Jefferies
* Thales Share Price Decline Seems Overdone, Raised to Buy at Citi