>>> Europe : Brokers Upgrades & Downgrades - 2nd of October 2024 V3(++)

>>> Up
* Aedifica Raised to Outperform at Oddo BHF; PT 78 euros
* Argan Raised to Buy at Invest Securities SA; PT 80.80 euros (++)
* British Land Raised to Buy at Deutsche Bank; PT 510 pence (+)
* Enagas Raised to Neutral at BofA (+)
* Land Sec. Raised to Buy at Deutsche Bank; PT 760 pence (++)
* Land Sec. Raised to Buy at Van Lanschot Kempen; PT 750 pence (++)
* LondonMetric Raised to Buy at Deutsche Bank; PT 230 pence (++)
* Man Group Raised to Buy at Deutsche Bank; PT 280 pence (++)
* Redcare Pharmacy NV Raised to Buy at HSBC; PT 155 euros
* Rightmove PT Raised to 815 pence from 770 pence at UBS (++)
* Rio Tinto ADRs Raised to Buy at Berenberg; PT $79
* Rio Tinto Raised to Buy at Berenberg; PT 6,200 pence
* Shaftesbury Capital Raised to Buy at Deutsche Bank; PT 180 pence (++)

>>> Down
* ArcelorMittal Cut to Neutral at Oddo BHF; PT 27 euros (++)
* Aston Martin Cut to Neutral at Mediobanca SpA; PT 144 pence
* Care Property Invest NV Cut to Neutral at Oddo BHF
* Covestro Cut to Hold at Jefferies; PT 62 euros
* Covestro Cut to Neutral at Oddo BHF; PT 62 euros
* Derwent London Cut to Hold at Deutsche Bank; PT 2,750 pence (++)
* Derwent London Cut to Neutral at Van Lanschot Kempen (++)
* Digital 9 Infrastructure/Fund Cut to Hold at Investec (++)
* DocMorris AG Cut to Hold at HSBC; PT 40 Swiss francs
* Elisa Cut to Reduce at OP Corporate Bank; PT 47 euros (++)
* Expert.ai SpA Cut to Hold at TP ICAP Midcap; PT 1.50 euros (++)
* IBM Cut to Hold at DZ Bank; PT $215 (+)
* Inmobiliaria Colonial Cut to Neutral at Alantra Equities (+)
* Kion Cut to Neutral at BofA (+)
* Kojamo Cut to Hold at Danske Bank Markets; PT 10.80 euros
* Mercialys Cut to Hold at Jefferies; PT 12.50 euros
* Nike Cut to Hold at CFRA
* Orion Cut to Hold at SEB Equities; PT 53 euros
* PVH Cut to Neutral at BofA (++)
* SEB Cut to Neutral at BNPP Exane; PT 180 kronor
* Segro Cut to Hold at Deutsche Bank; PT 1,000 pence (++)
* Societe Fonciere Lyonnaise Cut to Underperform at Oddo BHF
* TietoEVRY Cut to Hold at SEB Equities; PT 20 euros

>>> Initiation
* Bytes Technology Reinstated Buy at Berenberg; PT 640 pence
* Computacenter Rated New Hold at Berenberg; PT 2,675 pence
* Enagas Resumed Hold at Deutsche Bank; PT 14.50 euros (+)
* Enel Resumed Hold at Deutsche Bank; PT 7 euros (+)
* Engie Resumed Buy at Deutsche Bank; PT 17.50 euros (+)
* Engie Rated New Outperform at Bernstein; PT 18.90 euros (++)
* Exor Rated New Buy at KBC Securities; PT 120 euros (+)
* Fortum Resumed Hold at Deutsche Bank; PT 13.70 euros (+)
* Icop Rated New Buy at Alantra Equities; PT 9.60 euros (++)
* Italgas Resumed Buy at Deutsche Bank; PT 6.20 euros (+)
* National Grid Resumed Buy at Deutsche Bank; PT 1,100 pence (++)
* Pebble Group Rated New Buy at Panmure Liberum; PT 95 pence (++)
* Pennon Resumed Hold at Deutsche Bank; PT 600 pence (++)
* Severn Trent Resumed Hold at Deutsche Bank; PT 2,700 pence (++)
* Snam Resumed Buy at Deutsche Bank; PT 5.40 euros (+)
* Softcat Rated New Hold at Berenberg; PT 1,600 pence
* SSE Resumed Hold at Deutsche Bank; PT 2,000 pence (++)
* Terna Resumed Hold at Deutsche Bank; PT 8.40 euros (+)
* Zealand Pharma Rated New Hold at Deutsche Bank on Amylin Asset (++)

>>> Call
* Oddo BHF Strategists Upgrade Real Estate to Neutral on Rate Cuts (++)
* Barclays Latest To Downgrade European Banks on Rates Pressure (+)
* Carlsberg Rises; Citi Sees China Stimulus Limiting Downside Risk (++)
* Mercialys Slides as Jefferies Cuts Amid Rising Risks From Casino (++)