>>> Europe : Brokers Upgrades & Downgrades - 5th of Aug 2026

>>> Up
* Elia Group Raised to Buy at UBS; PT 147 euros
* EQT Raised to Buy at Citi; PT 385 kronor
* Nexans Raised to Overweight at JPMorgan; PT 183 euros
* Pandora Raised to Buy at ABG; PT 1,000 kroner
* Supermarket Income REIT Raised to Buy at Peel Hunt; PT 100 pence
* Technogym Raised to Buy at UBS; PT 21.30 euros

>>> Down
* BBVA Cut to Hold at Deutsche Bank; PT 23.65 euros
* Danske Bank Cut to Neutral at SB1 Markets; PT 400 kroner
* Erste Bank Polska Cut to Neutral at Citi; PT 755 zloty
* Ferretti Cut to Neutral at UBS; PT 3.15 euros
* HSBC Cut to Neutral at Citi; PT 1,570 pence
* HSBC Cut to Sell at Shore Capital; PT 1,335 pence
* QPR Software Cut to Sell at Inderes; PT 45 euro cents
* Rotork Cut to Sector Perform at RBC; PT 503 pence
* SEB Cut to Neutral at SB1 Markets; PT 235 kronor

>>> Initiation
* 2G Energy Rated New Overweight at Cantor; PT 82 euros
* Alphabet Reinstated Buy at William O'Neil
* Argenx ADRs Resumed Buy at Guggenheim; PT $1,185
* Arteche Lantegi Elkartea Rated New Overweight at Cantor
* Assystem Rated New Overweight at Cantor; PT 52 euros
* Bohus Rated New Buy at ABG; PT 47 kroner
* Burckhardt Rated New Overweight at Cantor; PT 640 Swiss francs
* Coherent Corp Rated New Outperform at GuoSen
* GTT Rated New Overweight at Cantor; PT 238 euros
* OHB SE Rated New Buy at Rothschild & Co Redburn; PT 360 euros
* OHB SE Rated New Neutral at Goldman; PT 250 euros
* OHB SE Rated New Buy at Jefferies; PT 280 euros
* OHB SE Rated New Buy at Berenberg; PT 358 euros
* Rolls-Royce Reinstated Buy at William O'Neil
* Savox Communications Rated New Buy at Nordea; PT 12 euros

>>> Call