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

>>> Up
* Boeing PT Raised to $255 from $210 at Barclays
* Croda Raised to Overweight at JPMorgan; PT 3,600 pence
* Givaudan Raised to Neutral at Van Lanschot Kempen
* Heineken Raised to Buy at HSBC; PT 84 euros
* Kering Raised to Outperform at Grupo Santander; PT 250 euros
* Repsol Raised to Buy at Berenberg; PT 16.50 euros
* SCA Raised to Buy at Jefferies; PT 151 kronor
* Wizz Air Raised to Buy at Deutsche Bank; PT 1,500 pence

>>> Down
* Acciona Energia Cut to Neutral at Oddo BHF; PT 25.20 euros
* Albemarle Cut to Sector Weight at KeyBanc
* Amplifon Cut to Neutral at Mediobanca SpA; PT 21 euros
* Ceres Power Cut to Neutral at Goldman; PT 138 pence
* Fortum Cut to Sell at Nordea; PT 14.50 euros
* Hafnia Cut to Hold at ABG; PT 56 kroner
* Hexagon Cut to Reduce at Inderes; PT 110 kronor
* KWS Saat Cut to Add at Baader Helvea; PT 73 euros
* Metsa Board Cut to Sell at Inderes; PT 3 euros
* Novo Cut to Equal-Weight at Barclays; PT 375 kroner
* Novo Cut to Neutral at Oddo BHF; PT 465 kroner
* Outokumpu Cut to Reduce at Inderes; PT 3.80 euros
* Tecnicas Reunidas Cut to Sell at Bestinver; PT 20.65 euros
* Torm Cut to Hold at ABG; PT 120 kroner

>>> Initiation
* Roche ADRs Rated New Outperform at BNPP Exane; PT $47

>>> Call