>>> Europe : Brokers Upgrades & Downgrades - 7th of August 2024

>>> Up
* ARM Raised to Market Perform from Underperform, price target: $100 at Bernstein
* AUTO1 Raised to Overweight at JPMorgan; PT 8.90 euros
* BioNTech ADRs Raised to Buy at Deutsche Bank
* Detection Tech Oy Raised to Buy at Inderes; PT 20 euros
* Elmera Group ASA Raised to Buy at Norne Securities; PT 36 kroner
* Frontier Developments Raised to Buy at Berenberg; PT 330 pence
* Kety Raised to Hold at Erste Group; PT 770.20 zloty
* Mondi Raised to Equal-Weight at Barclays; PT 1,470 pence
* Monte Paschi Raised to Buy at Citi; PT 6 euros
* Nordex Raised at Kepler Cheuvreux to Buy from Hold, price target: €17
* OCI Raised to Overweight at JPMorgan; PT 30 euros
* Pfizer Raised to Outperform at Daiwa; PT $34
* Scout24 SE Raised to Overweight at JPMorgan; PT 80 euros
* SIG Group Raised to Overweight at Barclays; PT 20 Swiss francs

>>> Down
* Amgen Cut to Equal-Weight at Wells Fargo; PT $335
* BP Cut to Sector Perform at RBC; PT 550 pence
* C&C Cut to Hold at Goodbody
* DS Smith Cut to Equal-Weight at Barclays; PT 435 pence
* Euronav Cut to Hold at Arctic Securities; PT 15.37 euros
* Evotec SE Cut to Neutral at Oddo BHF; PT 7.50 euros
* Salzgitter PT Cut to 14.90 euros from 16 euros at Morgan Stanley
* Spir Group Cut to Hold at Arctic Securities; PT 9 kroner
* Stellantis Cut to Hold at Jefferies; PT $16.44

>>> Initiation
* Cipher Mining Rated New Speculative Buy at Stifel Canada; PT $9
* Gesco Rated New Buy at Baader Helvea; PT 22 euros
* Wood Resumed Equal-Weight at Morgan Stanley; PT 185 pence

>>> Call
* Legrand Put on Positive Catalyst Watch at Citi Ahead of CMD
* Monte Paschi Raised to Buy at Citi on Restructuring Potential
* Stellantis Must Change to Be Competitive, Jefferies Downgrades