>>> Europe : Brokers Upgrades & Downgrades - 30th of May 2025 V2(+)

>>> Up
* Endomines Finland Raised to Accumulate at Inderes
* Hiscox Raised to Outperform at BNPP Exane; PT 1,400 pence
* SLREFS SW Raised to Market Perform at ZKB (+)
* Weir Group Raised to Buy at Kepler Cheuvreux (+)

>>> Down
* Atresmedia Cut to Neutral at Grupo Santander; PT 6.50 euros
* British Land Cut to Hold at Kepler Cheuvreux (+)
* hVIVO plc Cut to Hold at Panmure Liberum (+)
* IG Group Cut to Hold at Canaccord; PT 1,099 pence (+)
* Jardine Matheson Cut to Neutral at Macquarie; PT $46.20
* Opap Cut to Neutral at Citi; PT 20.50 euros
* Soitec Cut to Hold at HSBC; PT 51 euros
* Systemair Cut to Hold at Nordea

>>> Initiation
* AB InBev ADRs Rated New Outperform at BNPP Exane; PT $72
* Banijay Group Rated New Buy at Deutsche Bank; PT 14 euros
* Beazley Reinstated Buy at Berenberg; PT 1,150 pence
* Carlsberg ADRs Rated New Neutral at BNPP Exane; PT $27
* Emeis Re-Initiated Reduce at Kepler Cheuvreux; PT 9 euros (+)
* Heineken ADRs Rated New Outperform at BNPP Exane; PT $49
* Hiscox Reinstated Buy at Berenberg; PT 1,450 pence
* Lancashire Reinstated Hold at Berenberg; PT 670 pence
* L'Oreal ADRs Rated New Underperform at BNPP Exane; PT $68
* Nestle ADRs Rated New Neutral at BNPP Exane; PT $111
* Pernod Ricard ADRs Rated New Neutral at BNPP Exane; PT $21.20
* SSE ADRs Rated New Outperform at BNPP Exane; PT $31.70

>>> Call
* Lindt Price Target Increased to Street-High at Morgan Stanley