>>> Europe : Brokers Upgrades & Downgrades - 5th of February 2025 V2(+)

>>> Up
* Banca Generali Raised to Buy at Deutsche Bank; PT 56 euros
* Crest Nicholson Raised to Buy at Investec; PT 185 pence (+)
* Finnair Raised to Accumulate at Evli Bank; PT 2.50 euros (+)
* Kering Raised to Outperform at Mediobanca SpA; PT 300 euros
* Mattel Raised to Buy at Jefferies; PT $28
* Simon Property Raised to Overweight at Piper Sandler; PT $205
* Spotify PT Raised to $670 from $550 at Morgan Stanley (+)
* Spotify PT Raised to $675 from $600 at KeyBanc (+)
* SSR Mining Raised to Sector Perform at RBC; PT C$11.47

>>> Down
* Alphabet Cut to Hold at Punto Casa de Bolsa; PT $203.84
* AMAG Austria Cut to Hold at Erste Group; PT 26.30 euros
* AMD PT Cut to $150 from $180 at Raymond James (+)
* Anora Group Oyj Cut to Hold at SEB Equities; PT 3.10 euros
* eQ Cut to Reduce at OP Corporate Bank; PT 11 euros (+)
* Ferrari Cut to Equal-Weight at Barclays; PT $503.62 (+)
* Grieg Seafood Cut to Hold at ABG; PT 71 kroner
* Inditex Cut to Underperform at Mediobanca SpA; PT 44 euros
* LVMH Cut to Hold at Stifel; PT 710 euros
* Marks & Spencer Cut to Hold at Jefferies; PT 370 pence
* Pfizer PT Cut to $27 from $29 at Citi
* Raspberry PI Cut to Hold at Jefferies; PT 770 pence
* Snap Cut to Market Perform at JMP; PT $16
* Spirax Cut to Hold at HSBC; PT 8,200 pence
* STMicro Cut to Market Perform at Bernstein (+)
* Swatch Cut to Underperform at Mediobanca SpA
* Truecaller Cut to Hold at SEB Equities; PT 68 kronor

>>> Initiation
* Envipco Rated New Buy at SpareBank; PT 8.14 euros
* Kion Rated New Equal-Weight at Oxcap; PT 37.10 euros
* Moreld Rated New Buy at Pareto Securities; PT 21 kroner
* Orsted Rated New Buy at SpareBank; PT 365 kroner
* XPS Pensions Rated New Buy at Investec; PT 400 pence

>>> Call
* BARCLAYS STRATEGISTS CUT EUROPEAN AUTO STOCKS TO UNDERWEIGHT
* Richemont Raised at Morgan Stanley; Should Have Upgraded Earlier (+)
* SSE May Fall as Citi Says Update and Outlook Are a ‘Tad Weak’ (+)
* STMicro Shares Cut at Bernstein as No Clear Bottom in Sight (+)
* Varonis Systems PT Cut to $54 from $60 at Morgan Stanley (+)