>>> Europe : Brokers Upgrades & Downgrades - 6th of October 2025 V3(++)

>>> Up
* Epiroc Raised to Buy at Pareto Securities; PT 230 kronor
* Ford Raised to Hold at Jefferies; PT $12
* Galderma Raised to Buy at Bank Vontobel; PT 155 Swiss francs (+)
* Glencore PT raised from 350 to 425p at Jefferies
* Grab Holdings Raised to Add at CGS Int'l; PT $7
* Micron Raised to Overweight at Morgan Stanley; PT $220
* Mobileye Raised to Buy at Deutsche Bank; PT $19 (++)
* Nestle PT raised from 71 to 72 CHF, still Underweight, at Morgan Stanley
* Shield Therapeutics Raised to Buy at Stifel; PT 10 pence (+)
* Sonova Raised to Neutral at Rothschild & Co Redburn
* Stellantis Raised to Neutral at Mediobanca SpA; PT $11.37
* Orion Raised to Buy at Nordea; PT 75 euros
* UCB PT Raised to 285 euros from 250 euros at Deutsche Bank (+)

>>> Down
* Ashmore Cut to Underweight at Barclays; PT 150 pence
* Diagnostyka Cut to Hold at Wood & Company; PT 203 zloty
* Metso Cut to Hold at Handelsbanken; PT 12.50 euros (++)
* Papa John's Cut to Neutral at BofA (++)
* QinetiQ Cut to Hold at Kepler Cheuvreux; PT 530 pence (++)
* Sandvik Cut to Hold at Pareto Securities; PT 270 kronor
* SEB SA Cut to Neutral at CIC; PT 60 Kronor (++)
* Wartsila Cut to Hold at Nordea

>>> Initiation
* DBA Group Rated New Buy at Equita; PT 5.70 euros (+)
* Enagas Rated New Neutral at Citi; PT 12.80 euros
* FM Mattsson AB Rated New Buy at SB1 Markets; PT 65 kronor
* Securitas Rated New Buy at SB1 Markets; PT 165 kronor
* Sentia Rated New Buy at Pareto Securities; PT 80 kroner

>>> Call
* Momentum Chasing Grows, Positioning Not Stretched: Deutsche Bank (+)