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

>>> Up
* HKFoods Raised to Buy at Inderes; PT 1.80 euros

>>> Down


>>> Initiation
* Alphabet Rated New Buy at GF Securities; PT $396.92

>>> Call
* AlphaValue/Baader Europe Cuts Aegon EPS Forecasts on Confirmed US Relocation Plan
* Fresnillo Target, Estimates Boosted at Citi on Higher Pricing