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

>>> Up
* Aspocomp Group Raised to Accumulate at Inderes; PT 3.40 euros
* AUTO1 Raised to Overweight at Barclays; PT 19 euros
* Avanza Raised to Buy at SEB Equities; PT 287 kronor
* Bellway Raised to Overweight at JPMorgan; PT 3,290 pence
* Crest Nicholson Raised to Neutral at JPMorgan; PT 190 pence
* Deliveroo Raised to Overweight at JPMorgan; PT 192 pence
* Diageo Raised to Buy at Jefferies; PT 2,800 pence
* Diageo ADRs Raised to Buy at Jefferies; PT $141
* EcoUp Raised to Accumulate at Inderes; PT 2 euros
* Eiffage Raised to Outperform at Grupo Santander; PT 106 euros
* Fodelia Raised to Buy at Inderes; PT 7.20 euros
* Galp Raised to Buy at Goldman; PT 22 euros
* HP Enterprise Raised to Overweight at Morgan Stanley; PT $28
* Immofinanz Raised to Hold at Erste Group; PT 17 euros
* Legal & General Raised to Buy at Goldman; PT 256 pence
* Puma Raised to Outperform at Oddo BHF; PT 60 euros
* Sartorius Stedim Raised to Market Perform at Bernstein
* Siemens Raised to Hold at HSBC; PT 185 euros
* SKF Raised to Buy at HSBC; PT 255 kronor
* Teleperformance Raised to Neutral at JPMorgan; PT 90 euros
* TotalEnergies Raised to Outperform at RBC

>>> Down
* AbbVie Cut to Neutral at Daiwa; PT $180
* Adecco Cut to Underweight at JPMorgan; PT 21.20 Swiss francs
* Schibsted Cut to Neutral at JPMorgan; PT 417 kroner
* Sika Cut to Underweight at JPMorgan; PT 209 Swiss francs
* Stroeer Cut to Neutral at JPMorgan; PT 57 euros
* Taylor Wimpey Cut to Neutral at JPMorgan; PT 150 pence

>>> Initiation
* Bufab Rated New Buy at Nordea; PT 500 kronor
* Disney Reinstated Hold at Jefferies; PT $120
* Randstad Resumed Neutral at JPMorgan

>>> Call
* Diageo Upgraded to Buy at Jefferies, Stronger Returns Ahead
* JPMorgan Remains Optimistic on UK Housebuilding Recovery in 2025
* Sika Cut at JPMorgan, Heidelberg Top Pick in Building Materials
* Stay Selective in Business Services, Intertek Raised at JPMorgan
* SocGen Strategists See Politics Driving France Risk Premium