>>> Europe : Brokers Upgrades & Downgrades - 3rd of April 2025

>>> Up
* Alphawave IP Raised to Buy at Jefferies; PT 160 pence
* Travis Perkins Raised to Buy at Peel Hunt; PT 750 pence

>>> Down
* Entra Cut to Hold at Nordea
* LEG Immobilien Cut to Equal-Weight at Barclays; PT 70 euros
* Lululemon Cut to Neutral at Sealand Securities
* Tesla PT Cut to $280 from $373 at Truist Secs

>>> Initiation
* Antofagasta Reinstated Buy at Berenberg; PT 2,100 pence
* LINK Mobility Rated New Buy at Nordea; PT 31 kroner

>>> Call
* Citi’s Manthey Sees Risk of European Earnings Cuts After Tariffs