>>> Europe : Brokers Upgrades & Downgrades - 7th of April 2025 V2(+)

>>> Up
* Alfen Raised to Buy at Van Lanschot Kempen; PT 16.50 euros
* Bank of America Raised to Overweight at Morgan Stanley; PT $47
* Embracer Raised to Buy at Kepler Cheuvreux (+)
* HelloFresh Raised to Buy at Kepler Cheuvreux (+)
* Holmen Raised to Buy at Danske Bank Markets; PT 430 kronor (++)
* Indra PT Raised to 36.50 euros from 33.40 euros at BofA (++)
* Mondi Raised to Equal-Weight at Barclays; PT 1,100 pence
* Nokia Raised to Accumulate at OP Corporate Bank; PT 4.90 euros (++)
* Nordnet Raised to Buy at Pareto Securities; PT 267 kronor
* Roku Raised to Buy at Redburn; PT $100 (+)
* Texas Instruments Raised to Outperform at Baird; PT $175
* Wartsila Raised to Hold at ABG; PT 16 euros (++)

>>> Down
* Acerinox Cut to Neutral at BNPP Exane; PT 10 euros (++)
* Amundi PT Cut to 69 euros from 72 euros at JPMorgan
* Aperam Cut to Neutral at BNPP Exane; PT 26.50 euros (++)
* Aston Martin Cut to Underperform at Mediobanca SpA; PT 54 pence
* Autostore Cut to Neutral at Citi; PT 9 kroner
* BioMerieux Cut to Hold at TP ICAP Midcap; PT 113 euros (++)
* De' Longhi Cut to Underperform at Mediobanca SpA; PT 25 euros
* Endesa Cut to Sell at Citi; PT 20.30 euros
* Enel Cut to Neutral at Citi; PT 7.40 euros
* Goldman Sachs Cut to Equal-Weight at Morgan Stanley; PT $558
* Holmen Cut to Underweight at Barclays; PT 350 kronor
* Kloeckner Cut to Hold at M.M. Warburg; PT 7.10 euros (+)
* Kuehne + Nagel PT Cut to 136 Swiss francs at Citi (+)
* Leroy Cut to Underweight at Barclays; PT 43 kroner
* Monte Paschi Cut to Equal-Weight at Barclays; PT 7.40 euros
* Mowi Cut to Equal-Weight at Barclays; PT 190 kroner
* Navitas Semiconductor Cut to Underweight at Morgan Stanley
* Nordic Semiconductor Cut to Hold at Pareto Securities
* Porsche Cut to Underperform at Mediobanca SpA; PT 43 euros
* Salmar Cut to Underweight at Barclays; PT 430 kroner
* Starbucks Cut to Neutral at Baird; PT $85
* Stora Enso Cut to Underweight at Barclays; PT 7.50 euros
* Swedbank Cut to Underperform at KBW; PT 225 kronor
* Veolia Cut to Sell at Citi; PT 26.40 euros
* Watches of Switzerland PT Cut to 400 pence at Peel Hunt

>>> Initiation
* ACG Metals Ltd Rated New Buy at Stifel; PT 575 pence (+)
* Alibaba ADRs Reinstated Outperform at Haitong Intl; PT $165
* Atome Rated New Buy at Stifel; PT 130 pence (+)
* Eaton Corp Cut to Neutral at President Capital Management
* Mycelx Technologies Rated New Corporate at Cavendish (+)

>>> Call
* Bernstein Sees Luxury Industry Shrinking Under Weight of Tariffs (++)
* Holmen, Stora Enso Downgraded at Barclays on Tariff Exposure
* Evercore ISI Is Latest Firm on Wall Street to Cut S&P 500 Target
* Top Wall Street Bull Stoltzfus Cuts S&P 500 Price Target by 16%
*UK Homebuilders to See ‘Tariff Turmoil’ Adding to Lull, Says RBC (++)