>>> Europe : Brokers Upgrades & Downgrades - 2nd of April 2025

>>> Up
* ABB Raised to Buy at DNB Markets; PT 52.98 Swiss francs
* Airbnb Raised to Buy at Punto Casa de Bolsa; PT $148.52
* AXA Raised to Buy at Goldman; PT 44 euros
* Barco Raised to Buy at ING; PT 17 euros
* Broadcom Raised to Overweight at Guotai Junan Sec; PT $254
* Cellavision Raised to Buy at Pareto Securities; PT 210 kronor
* Engie Raised to Buy at Jefferies; PT 20 euros
* Ipsen Raised to Buy at Deutsche Bank; PT 122 euros
* Rathbones Group Raised to Outperform at RBC; PT 2,000 pence

>>> Down
* Abrdn Asia Focus Cut to Positive at Stifel
* Aedifica Cut to Neutral at JPMorgan; PT 69 euros
* Altria Cut to Hold at Deutsche Bank; PT $60
* ASML Cut to Neutral at Mizuho Securities; PT 650 euros
* BioLine RX ADRs Cut to Hold at Jones
* DNO Cut to Hold at DNB Markets; PT 15 kroner
* EDP Renovaveis Cut to Hold at Jefferies; PT 8.70 euros
* Epiroc Cut to Hold at DNB Markets; PT 220 kronor
* Foresight Environmental Cut to Neutral at Stifel
* Lundbeck Cut to Hold at Deutsche Bank; PT 44 kroner
* On Holding PT Cut to $50 from $64 at Needham
* Redeia Cut to Hold at Bestinver; PT 18.50 euros
* Tryg Cut to Neutral at Citi; PT 152 kroner

>>> Initiation
* Strategy Rated New Buy at Clear Street; PT $422
* YouGov Rated New Neutral at JPMorgan; PT 400 pence

>>> Call