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

>>> Up

* AB InBev Raised to Buy at Deutsche Bank; PT 75 euros

* Babcock PT Raised to 900 pence from 760 pence at JPMorgan

* BAE PT Raised to 1,725 pence from 1,630 pence at JPMorgan

* Biohit Raised to Accumulate at Inderes; PT 3.20 euros

* Bonava Raised to Buy at ABG; PT 15 kronor

* Chipotle Raised to Overweight at Morgan Stanley; PT $70

* Coloplast Raised to Outperform at RBC; PT 940 kroner

* Consti Raised to Accumulate at Inderes; PT 11 euros

* Coor Raised to Buy at Nordea; PT 43 kronor

* Datrix Raised to Outperform at Mediobanca SpA; PT 2.20 euros

* Diageo Raised to Hold at Deutsche Bank; PT 2,020 pence

* Georg Fischer PT Raised to 85 Swiss francs at Berenberg

* Hermes Raised to Reduce at AlphaValue/Baader

* IMI Raised to Add at AlphaValue/Baader

* Kongsberg Raised to Buy at SpareBank; PT 1,600 kroner

* Kuehne + Nagel Raised to Buy at Stifel; PT 290 Swiss francs

* Mosaic Raised to Overweight at JPMorgan; PT $29

* Partners Group Raised to Overweight at JPMorgan

* Rathbones Group Raised to Equal-Weight at Barclays
* Scana ASA Raised to Buy at SpareBank; PT 2.70 kroner

* Thales PT Raised to 220 euros from 195 euros at JPMorgan

* Trifork Group Raised to Buy at ABG; PT 100 kroner

* Wolters Kluwer Raised to Add at AlphaValue/Baader

>>> Down

* BCP Cut to Equal-Weight at Morgan Stanley; PT 58 euro cents

* Brunello Cucinelli Cut to Hold at Stifel; PT 125 euros

* Carrefour Cut to Sell at Bryan Garnier; PT 10 euros

* CNH Industrial Cut to Neutral at Baird; PT $15

* Deere Cut to Neutral at Baird; PT $501

* Deutsche Post Cut to Hold at Stifel; PT 40 euros

* Enersense Cut to Reduce at Inderes; PT 2.70 euros
* Howden Joinery Cut to Hold at Jefferies; PT 854 pence

* Kesla Cut to Sell at Inderes; PT 3 euros

* Novo Cut to Hold at Stifel; PT 700 kroner

* Ovaro Kiinteistosijoitus Cut to Reduce at Inderes; PT 3.75 euros

* Spinnova Cut to Reduce at Inderes; PT 45 euro cents

* Swatch Cut to Sell at AlphaValue/Baader

>>> Initiation
* Airbus ADRs Rated New Buy at President Capital Management

* Clariant Reinstated Hold at Berenberg; PT 10 Swiss francs

>>> Call
* Goldman Strategists See European EPS Misses Severely Penalized