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

>>> Up
* Abbott Raised to Buy at Rothschild & Co Redburn; PT $127 (++)
* Airbnb Raised to Overweight at KeyBanc; PT $191
* Fortum Raised to Neutral at UBS; PT 24.50 euros
* Gjensidige Raised to Buy at SB1 Markets; PT 280 kroner
* Hensoldt Raised to Buy at Kepler Cheuvreux (+)
* HP Enterprise Raised to Outperform at Daiwa; PT $75
* Interparfums Raised to Buy at Kepler Cheuvreux; PT 36 euros (++)
* Inventiva SACA ADRs PT Raised to $18 from $13 at Truist Secs (++)
* Jet2 Raised to Outperform at Davy; PT 1,890 pence (+)
* Solvac Raised to Accumulate at KBC Securities; PT 100 euros (+)
* SSP Raised to Neutral at BNP Paribas; PT 195 pence
* Taaleri Plc Raised to Buy at Inderes; PT 9 euros
* Telecom Italia Raised to Hold at Equita; PT 7.20 euros (++)
* UMG Raised to Overweight at Barclays; PT 20 euros
* Wartsila Raised to Buy at OP Corporate Bank; PT 34 euros (++)

>>> Down
* Atrium Ljungberg Cut to Hold at Handelsbanken; PT 25 kronor (+)
* Balder Cut to Hold at Handelsbanken; PT 51 kronor (+)
* Catena Cut to Hold at Handelsbanken; PT 380 kronor (+)
* Colruyt Cut to Hold at Kepler Cheuvreux; PT 38 euros (++)
* Commerzbank Cut to Sector Perform at RBC; PT 40 euros
* DSM-Firmenich ADRs Cut to Neutral at BNP Paribas; PT $11.40 (+)
* Entra Cut to Hold at Handelsbanken; PT 104 kroner (+)
* Fabege Cut to Hold at Handelsbanken; PT 72 kronor (+)
* Gecina Cut to Neutral at Van Lanschot Kempen; PT 66 euros (+)
* Gurit Cut to Neutral at UBS; PT 57 Swiss francs
* Heba Fastighets Cut to Hold at Handelsbanken; PT 25 kronor (+)
* John Mattson Cut to Hold at Handelsbanken; PT 61 kronor (+)
* Lenzing Cut to Hold at Berenberg; PT 17 euros (+)
* Mercialys Cut to Neutral at Van Lanschot Kempen; PT 9.50 euros (+)
* Nike PT Cut to $33 from $40 at JPMorgan (++)
* Siemens Cut to Inline at Evercore ISI; PT 315 euros
* Stendorren Fastigheter Cut to Hold at Handelsbanken (+)
* Trelleborg Cut to Hold at Pareto Securities; PT 475 kronor
* Wendel Cut to Reduce at Bank Degroof Petercam; PT 85 euros (++)

>>> Initiation
* Acciona Reinstated Neutral at Oddo BHF; PT 205 euros
* ACS Rated New Outperform at Oddo BHF; PT 111 euros
* FCC Reinstated Outperform at Oddo BHF; PT 13.70 euros
* Mowi Rated New Neutral at Goldman; PT 220 kroner
* Renishaw Rated New Buy at William O'Neil (+)
* Salmar Rated New Buy at Goldman; PT 700 kroner
* Uranium Energy Rated New Sector Perform at RBC; PT $10
* Vodafone ADRs Rated New Buy at Berenberg; PT $18.50 (+)

>>> Call
* Barclays’ Cau Retains Preference for German Stocks Over French (+)
* Kering Falls as JPMorgan Flags Tougher Luxury Backdrop (++)
* UMG Raised to Overweight at Barclays on AI Upside After Rout (+)
* Wendel Hits Six-Month Low as Degroof Cuts and Sets Street-Low PT (++)