>>> Europe : Brokers Upgrades & Downgrades - 2nd of January 2026

>>> Up
* Aspo Raised to Buy at Inderes; PT 7.80 euros

>>> Down


>>> Initiation
* Apple Reinstated Market Perform at Raymond James
* Hongkong Land Reinstated Hold at CGS Int'l; PT $4.91

>>> Call
* Berenberg Trims Xaar Price Target, Estimates Amid Cautious EV Outlook