>>> Europe : Brokers Upgrades & Downgrades - 6th of February 2026

>>> Up
* Alma Media Raised to Accumulate at Inderes; PT 15 euros
* Alma Media Raised to Buy at Nordea; PT 15.30 euros
* Danske Bank Raised to Buy at SB1 Markets; PT 360 kroner
* Digia Raised to Buy at Inderes; PT 7.50 euros
* Doximity Raised to Neutral at JPMorgan; PT $40
* Estee Lauder Raised to Buy at Citi; PT $120
* Ferrovial Raised to Outperform at RBC; PT 68 euros
* Hershey PT Raised to $249 from $213 at Piper Sandler
* International Workplace PT Raised to 350 pence at Berenberg
* Merus Power Raised to Accumulate at Inderes; PT 4.70 euros
* NCC Raised to Buy at SEB Equities; PT 245 kronor
* Nordic Semiconductor Raised to Hold at Jefferies; PT 141 kroner
* Orior Raised to Neutral at UBS; PT 11.50 Swiss francs
* RENK Group Raised to Outperform at BNP Paribas; PT 65 euros
* Roko Raised to Buy at SEB Equities; PT 1,750 kronor
* Roku Raised to Outperform at Oppenheimer; PT $105
* Saab Raised to Reduce at Inderes; PT 550 kronor
* Saab Price Target Raised to SEK 709 from SEK 569 by Bank of America
* Snap Raised to Hold at Stifel; PT $5.50
* Tapestry PT Raised to $179 from $148 at JPMorgan

>>> Down
* Amundi Cut to Neutral at Citi; PT 84.50 euros
* Atlantic Lithium Cut to Underperform at Macquarie; PT 10 pence
* Betsson Cut to Hold at Pareto Securities; PT 100 kronor
* Canada Goose Cut to Neutral at Baird; PT C$16
* Canada Goose Cut to Underweight at Barclays; PT C$13.69
* Cemex ADRs Cut to Hold at HSBC; PT $12.80
* Demant Cut to Neutral at BNP Paribas; PT 200 kroner
* F-Secure Cut to Hold at SEB Equities; PT 1.80 euros
* Hub Group Cut to Sell at Stifel; PT $27
* Peloton PT Cut to $9 from $12 at Truist Secs
* Sampo Price Target Cut to EUR 10.8 from EUR 11.1 by Nordea
* Signify Cut to Hold at Berenberg; PT 21 euros
* UBS Cut to Neutral at Goldman; PT 38 Swiss francs

>>> Initiation
* Capita Reinstated Buy at Shore Capital; PT 530 pence
* Caterpillar Rated New Outperform at CICC; PT $800

>>> Call
* Delivery Hero Falls as Citi Signals GMV May Miss Estimates
* Ferrovial Raised to Outperform at RBC on Highway Pricing Power