>>> Europe : Brokers Upgrades & Downgrades - 7th of February 2025

>>> Up
* Aurubis Raised to Buy at DZ Bank; PT 93 euros
* Detection Tech Oy Raised to Buy at Nordea; PT 18.10 euros
* F-Secure Raised to Buy at Inderes; PT 2.30 euros
* Honeywell Raised to Buy at Deutsche Bank; PT $260
* International Workplace Raised to Overweight at Barclays
* Iren Raised to Outperform at Mediobanca SpA; PT 2.80 euros
* Li Auto ADRs Raised to Outperform at Macquarie; PT $29
* Munters Raised to Buy at Berenberg
* Ralph Lauren PT Raised to $330 from $285 at Jefferie
* Wizz Air Raised to Buy at HSBC; PT 1,900 pence

>>> Down
* Acea Cut to Neutral at Mediobanca SpA; PT 20.50 euros
* Air Products Cut to Neutral at JPMorgan; PT $320
* AMD Cut to Hold at DZ Bank; PT $120
* Atea Cut to Neutral at SpareBank; PT 135 kroner
* Betsson Cut to Hold at ABG; PT 165 kronor
* Cloudberry Clean Energy Cut to Hold at Norne Securities
* EDP SA Cut to Neutral at Mediobanca SpA; PT 3.45 euros
* EDP Renovaveis Cut to Neutral at Mediobanca SpA; PT 11 euros
* Elf Beauty Cut to Neutral at DA Davidson; PT $80
* Elf Beauty Cut to Equal-Weight at Morgan Stanley; PT $70
* Elmera Group ASA Cut to Hold at Pareto Securities; PT 34 kroner
* Enagas Cut to Neutral at Mediobanca SpA; PT 16 euros
* Enav Cut to Neutral at Mediobanca SpA; PT 3.80 euros
* Maersk Cut to Hold at SEB Equities; PT 12,500 kroner
* Mondelez Cut to Sell at DZ Bank; PT $52
* Nokian Renkaat Cut to Accumulate at Inderes; PT 7.50 euros
* Norden Cut to Hold at SEB Equities; PT 190 kroner
* PepsiCo Cut to Market Perform at CICC; PT $166
* Recordati Cut to Sell at Deutsche Bank; PT 52 euros
* Sanoma Cut to Reduce at Inderes; PT 8 euros
* Siemens Healthineers Cut to Hold at HSBC; PT 61 euros
* SRV Group Cut to Reduce at Evli Bank; PT 4.80 euros

>>> Initiation
* GE Vernova Rated New Buy at Johnson Rice; PT $425
* Nanobiotix SA Rated New Outperform at Oddo BHF; PT 10 euros
* SigmaRoc Rated New Buy at Stifel; PT 108 pence
* SKF Rated New Equal-Weight at Oxcap; PT 200 kronor
* Strategy Rated New Outperform at KBW; PT $560

>>> Call
* Strategy Rated New Outperform at KBW on Bitcoin Opportunity (1)