>>> Europe : Brokers Upgrades & Downgrades - 2nd of March 2026 V3(++)

>>> Up
* Aalberts Raised to Buy at Kepler Cheuvreux
* ACS PT Raised to 127 euros from 113 euros at BofA (+)
* Aixtron Raised to Buy at Deutsche Bank; PT 31 euros
* CAF Raised to Buy at Alantra Equities; PT 71 euros (++)
* CrowdStrike Raised to Overweight at Piper Sandler; PT $520
* Eni Raised to Overweight at JPMorgan; PT 22 euros
* Hoegh Autoliners Raised to Hold at Fearnley; PT 130 kroner (+)
* JCDecaux Raised to Outperform at BNP Paribas; PT 21 euros
* JetBlue Raised to Equal-Weight at Barclays
* Lassila & Tikanoja Raised to Accumulate at OP Corporate Bank (++)
* Logitech Raised to Outperform at ZKB (+)
* Lundbeck Raised to Hold at Jefferies; PT 39 kroner
* Maersk Raised to Neutral at BofA (+)
* Planisware Raised to Buy at Stifel; PT 23 euros
* Simon Property PT Raised to $196 from $181 at Truist Secs
* Sunborn International Raised to Reduce at Inderes
* TotalEnergies Raised to Overweight at JPMorgan; PT 75 euros
* Var Energi Raised to Buy at Arctic Securities; PT 40 kroner

>>> Down
* AB InBev Cut to Hold at SBG Securities; PT 76 euros (+)
* Acciona Cut to Reduce at Kepler Cheuvreux (+)
* Almirall Cut to Hold at Deutsche Bank; PT 14 euros (++)
* Barry Callebaut Cut to Underweight at JPMorgan
* BASF Cut to Hold at mwb research AG (++)
* Blue Owl Capital Cut to Equal-Weight at Barclays; PT $11
* BW Offshore Cut to Hold at SEB Equities; PT 52 kroner (+)
* Bonduelle Cut to Reduce at Kepler Cheuvreux (+)
* Centrica Cut to Hold at Jefferies; PT 210 pence
* Diageo Cut to Hold at HSBC; PT 1,800 pence
* Kongsberg Raised to Buy at Arctic Securities; PT 440 kroner (+)
* MARA Holdings Cut to Neutral at HC Wainwright
* Melhus Sparebank Cut to Sell at Norne Securities; PT 172 kroner (++)
* Novo Cut to Neutral at Goldman; PT 260 kroner
* Sparebanken Ost Cut to Hold at Norne Securities; PT 86 kroner (++)
* Syensqo Cut to Accumulate at KBC Securities
* What's Cooking BV Cut to Hold at Bank Degroof Petercam (++)

>>> Initiation
* Ambea Rated New Buy at SB1 Markets; PT 160 kronor
* Attendo Rated New Neutral at SB1 Markets; PT 105 kronor
* Bilia Rated New Sell at SB1 Markets; PT 120 kronor
* Humana Rated New Neutral at SB1 Markets; PT 45 kronor
* INVISIO AB Rated New Buy at Stifel; PT 350 kronor
* Paradox Interactive Rated New Buy at SB1 Markets; PT 170 kronor

>>> Call
* Barry Callebaut Downgraded at JPMorgan, Expectations Too High
* Citi Upgrades UK’s Equities, Downgrades Japan’s on Iran Crisis
* Eni, TotalEnergies Raised to Buy at JPMorgan on Disruption Risk
* Energy Stocks Gain as Oil Price Spikes; Morgan Stanley Upgrades (+)
* Lundbeck Upgraded to Hold as Jefferies Sees Concerns Priced In
* Novo Nordisk Cut at Goldman as Stock Becomes ‘Show-Me’ Story (+)