>>> Europe : Brokers Upgrades & Downgrades - 30th of April 2025

>>> Up
* Artifex Mundi Raised to Hold at BDM; PT 16.55 zloty
* Engcon Raised to Buy at Nordea; PT 110 kronor
* Hafnia Raised to Buy at ABG; PT 57 kroner
* Netum Group Raised to Accumulate at Inderes; PT 2.60 euros
* SEB Raised to Hold at Jefferies; PT 140 kronor
* SGS Raised to Overweight at Morgan Stanley; PT 97 Swiss francs

>>> Down
* Cheniere Energy Cut to Peerperform at Wolfe
* Epiroc Cut to Hold at Pareto Securities; PT 225 kronor
* eQ Cut to Reduce at Inderes; PT 11 euros
* F-Secure Cut to Accumulate at Inderes; PT 2.30 euros
* First Solar Cut to Underweight at KeyBanc; PT $100
* Fugro Cut to Neutral at BNPP Exane; PT 12 euros
* Gjensidige Cut to Hold at ABG; PT 244 kroner
* INWIT Cut to Equal-Weight at Barclays; PT 10.50 euros
* NCC Cut to Hold at ABG; PT 190 kronor
* Nordic Semiconductor Cut to Hold at SEB Equities; PT 120 kroner
* NXP Semi PT Cut to $130 from $258 at Truist Secs
* Paccar Cut to Neutral at JPMorgan; PT $90
* Porsche Cut to Sell at Bankhaus Metzler; PT 39 euros
* ProSieben Cut to Equal-Weight at Barclays; PT 7 euros
* Sotkamo Silver Cut to Sell at Inderes; PT 0.75 kronor
* Telenor Cut to Hold at Arctic Securities; PT 166 kroner
* THG PLC Cut to Hold at HSBC; PT 27 pence
* Western Bulk Chartering Cut to Hold at DNB Markets
* Zalando Cut to Underweight at Morgan Stanley; PT 28.50 euros

>>> Initiation
* Elmos Semiconductor Rated New Buy at Berenberg; PT 87 euros
* Galliford Try Rated New Buy at Berenberg; PT 470 pence
* JD.com ADRs Reinstated Outperform at Haitong Intl; PT $60
* Salesforce Inc Rated New Buy at WestPark Capital; PT $320
* Swissquote Reinstated Buy at William O'Neil
* Tesla Rated New Buy at Founder Securities

>>> Call
* Apple Price Target Lowered at Raymond James on Tariff Headwinds