>>> Europe : Brokers Upgrades & Downgrades - 5th of December 2024

>>> Up
* Anglogold Raised to Outperform at RBC; PT $31
* Argenx PT Raised to 740 euros from 620 euros at JPMorgan
* BASF Raised to Buy at Baader Helvea; PT 55 euros
* BHP ADRs PT Raised to $68 from $60 at Argus
* BMW Raised to Buy at UBS
* Ceres Power Raised to Sector Perform at RBC; PT 180 pence
* Nyab Raised to Buy at Inderes; PT 6.80 kronor
* Pandora Raised to Overweight at JPMorgan; PT 1,300 kroner
* Porsche Raised to Overweight at Barclays; PT 70 euros

>>> Down
* Covivio Cut to Underweight at Morgan Stanley; PT 55 euros
* Credito Emiliano Cut to Hold at Jefferies; PT 11.50 euros
* Gestamp Cut to Equal-Weight at Barclays; PT 3 euros
* Mercedes Cut to Underweight at Barclays; PT 48.50 euros
* Mercedes Cut to Neutral at UBS
* Nel Cut to Sector Perform at RBC; PT 4 kroner
* Porsche Cut to Neutral at UBS

>>> Initiation
* Beijer REF Rated New Neutral at Citi; PT 174 kronor
* Coca-Cola HBC Rated New Outperform at Bernstein

>>> Call
* Ashtead Group Upgraded at RBC on More Positive US Economy View
* Beijer Ref Valuation Captures Growth Outlook, Citi Rates Neutral
* Covivio Cut to Underweight at Morgan Stanley, Set to Lag in 2025
* Citi Still Positive on UK Builders Long-Term, Persimmon Upgraded
* JPMorgan Traders’ Math Places S&P 500 Near 6,300 by Month’s End
* Near-Term Risks Remain in Medtech Sector, Sonova Cut at JPMorgan