>>> Europe : Brokers Upgrades & Downgrades - 3rd of March 2026

>>> Up
* Aixtron Raised to Buy at HSBC; PT 36.40 euros
* AJ Bell Raised to Buy at UBS; PT 520 pence
* Aker BP Raised to Outperform at Bernstein; PT 330 kroner
* AstraZeneca PT Raised to $219 from $109 at Morgan Stanley
* Avanza Raised to Neutral at UBS; PT 320 kronor
* Emmi Raised to Neutral at UBS; PT 830 Swiss francs
* Delivery Hero Raised to Neutral at Citi; PT 19 euros
* Exosens SAS PT Raised to 72.50 euros from 61 euros at Bernstein
* IG Group Raised to Buy at UBS; PT 1,600 pence
* Melia Hotels Raised to Neutral at UBS; PT 8.60 euros
* National Grid PT Raised to 1,525 pence at Morgan Stanley
* Novo Raised to Equal-Weight at Morgan Stanley; PT 250 kroner
* Novo ADRs Raised to Equal-Weight at Morgan Stanley; PT $40
* SMA Solar Raised to Buy at Jefferies; PT 39 euros

>>> Down
* Centrica Cut to Equal-Weight at Morgan Stanley; PT 215 pence
* Componenta Cut to Reduce at Inderes; PT 4.70 euros
* Drax Cut to Equal-Weight at Morgan Stanley; PT 950 pence
* Kion Cut to Neutral at BNP Paribas; PT 59 euros
* Macfarlane Cut to Hold at Berenberg; PT 82 pence
* SIG Group Cut to Hold at Jefferies; PT 13.20 Swiss francs
* Teleperformance Cut to Reduce at AlphaValue/Baader

>>> Initiation
* Bergman & Beving Rated New Buy at SB1 Markets; PT 350 kronor
* BKW Rated New Neutral at Oddo BHF; PT 160 Swiss francs
* CrowdStrike Rated New Overweight at Wells on Sustainable Growth
* General Electric Aerospace Reinstated Buy at William O'Neil
* Hoist Finance Rated New Buy at SB1 Markets; PT 185 kronor

>>> Call