>>> Europe : Brokers Upgrades & Downgrades - 6th of Aug 2026 V2(+)

>>> Up
* Austevoll Seafood Raised to Buy at Norne Securities (+)
* Autoneum Raised to Buy at Octavian; PT 165 Swiss francs (+)
* Clariant Raised to Hold at Jefferies; PT 10.20 Swiss francs
* CTP Raised to Buy at Wood & Company; PT 18.90 euros
* Erste Raised to Outperform at Oddo BHF; PT 138.52 euros
* FM Mattsson AB Raised to Buy at SB1 Markets; PT 100 kronor
* HKFoods Raised to Accumulate at Inderes; PT 1.80 euros
* Interpump Raised to Accumulate at Banca Akros (ESN); PT 43 euros (+)
* IPC Raised to Buy at Fearnley; PT 257 kronor
* L'Oreal Raised to Hold at Jefferies; PT 377 euros
* Salmar Raised to Buy at Norne Securities; PT 620 kroner (+)
* Siegfried Raised to Buy at Stifel; PT 90 Swiss francs
* Zalando Raised to Buy at DZ Bank; PT 38 euros (+)

>>> Down
* Beiersdorf Cut to Underweight at Barclays; PT 68 euros
* Biohit Cut to Accumulate at Inderes; PT 3.30 euros
* Carvolix Cut to Hold at TP ICAP Midcap; PT 6 euros (+)
* Flutter PT Cut to $120 from $130 at Truist Secs
* Hensoldt Cut to Hold at Jefferies; PT 98 euros
* HubSpot Cut to Equal-Weight at Capital One; PT $206
* HubSpot Cut to Neutral at Piper Sandler; PT $220
* InPost Cut to Neutral at UBS; PT 15.60 euros
* Next Cut to Hold at Investec; PT 15,855 pence (+)
* Rheinmetall Cut to Sell at mwb research AG; PT 1,050 euros (+)
* Smith & Nephew Cut to Neutral at JPMorgan; PT 1,290 pence
* Technip Energies Cut to Neutral at JPMorgan; PT 35 euros
* United Bankers Cut to Sell at Inderes; PT 21 euros

>>> Initiation
* Secure Rated New Buy at Cavendish; PT 2,311 pence (+)

>>> Call
* Beiersdorf Downgraded at Barclays Over Nivea Margin Pressures (+)
* L’Oreal Upgraded at Jefferies Amid Signs of Growth Inflection (+)
* Hensoldt Cut to Hold at Jefferies on Valuation (+)
* Sandoz Group Raised to Buy at Bank Vontobel; PT 80 Swiss francs (+)
* Smith & Nephew Cut to Neutral at JPMorgan on ‘Material’ Slowdown (+)