>>> Europe : Brokers Upgrades & Downgrades - 31st of October 2025 V2(+)

>>> Up
* Apple PT Raised to $315 from $245 at Citi
* Asker Healthcare Raised to Buy at Nordea; PT 100 kronor
* Componenta Raised to Accumulate at Inderes; PT 4.70 euros
* Ctek Raised to Buy at Pareto Securities; PT 16 kronor
* Detection Tech Oy Raised to Buy at Inderes; PT 13.50 euros
* Eutelsat Raised to Add at AlphaValue/Baader
* Galp Raised to Overweight at Barclays; PT 23 euros
* Hershey Raised to Neutral at Piper Sandler; PT $167
* Interpump Raised to Buy at Equita; PT 52 euros (+)
* Intrum Raised to Hold at Kepler Cheuvreux; PT 46 kronor (+)
* Kongsberg Raised to Buy at Pareto Securities; PT 280 kroner
* Kongsberg Raised to Hold at SEB Equities; PT 260 kroner
* Kongsberg Raised to Buy at Nordea; PT 285 kroner
* Kongsberg Raised to Buy at SB1 Markets; PT 280 kroner
* Kongsberg Raised to Hold at Arctic Securities; PT 275 kroner (+)
* Moelis & Co Raised to Buy at Seaport Global Securities; PT $81
* Netcompany Raised to Buy at ABG; PT 350 kroner
* Novartis Raised to Overweight at Morgan Stanley
* RENK Group Raised to Neutral at Citi; PT 65 euros
* Roblox Raised to Buy at Goldman; PT $180
* Sandoz Group Raised to Buy at Bank Vontobel; PT 60 Swiss francs
* Solstad Maritime Holding Raised to Buy at SEB Equities
* Solstad Raised to Buy at SB1 Markets; PT 55 kroner
* Spie Raised to Buy at Portzamparc; PT 50 euros (+)
* Virbac Raised to Buy at Kepler Cheuvreux; PT 415 euros (+)
* Wavestone Raised to Buy at TP ICAP Midcap; PT 63 euros (+)

>>> Down
* Destination Italia Rated New Neutral at Corporate Family Office
* Equinor Cut to Underweight at Barclays; PT 230 kroner
* Meta PT Cut to $804 from $880 at CFRA
* Novo Cut to Hold at Handelsbanken; PT 330 kroner (+)
* QT Group Cut to Hold at SEB Equities; PT 38 euros
* Remy Cointreau Cut to Neutral at Goldman; PT 50 euros (+)
* Remy Cointreau Cut to Sell at TP ICAP Midcap; PT 37 euros (+)
* Schneider Electric Cut to Neutral at Grupo Santander
* X-Fab Silicon Foundries Cut to Hold at KBC Securities

>>> Initiation
* Rosebank Rated New Buy at Citi; PT 430 pence

>>> Call
* Novartis Selloff ‘Not Fully Deserved,’ Morgan Stanley Upgrades
* Renk Raised to Neutral at Citi After Drop to Near Fair Value
* JPMorgan Strategists See Euro Zone Earnings Gaining Momentum
* Kongsberg Gains as More Than Half of Brokers Upgrade Shares (+)
* X-Fab Silicon Foundries Cut to Hold at Bank Degroof Petercam (+)