>>> Europe : Brokers Upgrades & Downgrades - 2nd of April 2025 V3(++)

>>> 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
* Bunzl Raised to Buy at Stifel; PT 3,500 pence (+)
* Cellavision Raised to Buy at Pareto Securities; PT 210 kronor
* Engie Raised to Buy at Jefferies; PT 20 euros
* Fiserv Raised to Buy at Goldman; PT $260 (++)
* Ipsen Raised to Buy at Deutsche Bank; PT 122 euros
* Rathbones Group Raised to Outperform at RBC; PT 2,000 pence
* Schibsted Raised to Buy at Pareto Securities; PT 330 kroner (+)
* Friedrich Vorwerk Group PT Raised to 63 euros at Berenberg (++)

>>> 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
* Basic-Fit PT Cut to 21 euros from 26 euros at Berenberg (++)
* BioLine RX ADRs Cut to Hold at Jones
* BNP Paribas Cut to Reduce at Kepler Cheuvreux (+)
* 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
* Lenzing PT Cut to 28 euros from 30 euros at Berenberg (++)
* Lundbeck Cut to Hold at Deutsche Bank; PT 44 kroner
* On Holding PT Cut to $50 from $64 at Needham
* PORR Cut to Neutral at Oddo BHF; PT 29 euros (+)
* Redeia Cut to Hold at Bestinver; PT 18.50 euros
* SocGen Cut to Hold at Kepler Cheuvreux (+)
* Tryg Cut to Neutral at Citi; PT 152 kroner

>>> Initiation
* AB InBev Rated New Buy at Berenberg; PT 72 euros (++)
* AT&S Rated New Buy at Hauck & Aufhaeuser; PT 18.50 euros (+)
* Boston Beer Reinstated Hold at Berenberg; PT $218.10 (+)
* Carlsberg Reinstated Hold at Berenberg; PT 1,033 kroner (++)
* Coca-Cola HBC Rated New Buy at Berenberg; PT 4,068 pence (++)
* D'Ieteren Rated New Outperform at BNPP Exane (+)
* Diageo Reinstated Buy at Berenberg; PT 2,372 pence (++)
* Heineken Reinstated Buy at Berenberg; PT 99.20 euros (+)
* Mosman Oil & Gas Reinstated Speculative Buy at SP Angel (++)
* Molson Coors Reinstated Buy at Berenberg; PT $86.90 (+)
* Pernod Ricard Reinstated Buy at Berenberg; PT 114 euros (+)
* Remy Cointreau Reinstated Hold at Berenberg; PT 47.60 euros (+)
* Royal Unibrew Reinstated Hold at Berenberg; PT 597.10 kroner (+)
* Strategy Rated New Buy at Clear Street; PT $422
* YouGov Rated New Neutral at JPMorgan; PT 400 pence

>>> Call
* Bluenord Falls as DNB Cuts PT, Sees ‘Tough Start’ to 2025 (++)
* Epiroc Falls as DNB Cuts to Hold as Macro Debates Dominate (++)
* Richemont, Swatch Price Target Cut at Vontobel; Shares Fall (++)
* Straumann Shares Fall as Goldman, HSBC Cut PT: Street Wrap (++)