>>> Europe : Brokers Upgrades & Downgrades - 7th of July 2026 V2(+)

>>> Up
* Bloom Energy PT Raised to $246 from $207 at Jefferies
* Fincantieri Raised to Buy at Equita; PT 15.50 euros (+)
* First Solar Raised to Buy at Deutsche Bank
* Investec Raised to Outperform at Avior Capital Markets
* Julius Baer Price Target Raised to CHF 82 from CHF 70 by Bank of America
* Keller Raised to Outperform at RBC; PT 3,100 pence (+)
* Kion Raised to Overweight at Morgan Stanley; PT 62 euros
* Legrand Raised to Overweight at Barclays; PT 185 euros
* Medartis Raised to Buy at UBS; PT 97 Swiss francs
* Metso PT raised from 18.6 to 18.80 at Goldman Sachs
* MGM Resorts PT Raised to $52 from $46 at Macquarie
* Rentokil Raised to Buy at Goldman; PT 590 pence
* Saab Raised to Overweight at Morgan Stanley; PT 700 kronor
* Sandvik Price Target Raised to SEK 420 from SEK 400 by Bank of America
* Visa PT Raised to $412 from $370 at Baird

>>> Down
* ABB Cut to Hold at Pareto Securities; PT 91.95 Swiss francs
* Barry Calbaut PT cut from 1740 to 1520 at Research Pärtners
* Continental Cut to Hold at Kepler Cheuvreux; PT 80 euros
* Dormakab PT cut from 69 to 61 CHT at UBS
* Hawaiian Electric PT Cut to $11.75 from $13.75 at Jefferies
* ITV Cut to Neutral at JPMorgan; PT 85 pence
* PolyPeptide Group Cut to Sector Perform at RBC
* Siemens Energy Cut to Underweight at Barclays; PT 130 euros
* TGS Cut to Sell at SB1 Markets; PT 100 kroner

>>> Initiation
* Ahold Delhaize Rated New Sector Perform at RBC; PT 38 euros
* Carrefour Rated New Outperform at RBC; PT 22 euros
* Colruyt Rated New Sector Perform at RBC; PT 37 euros
* Cranswick Reinstated Overweight at Barclays; PT 6,380 pence
* DiaSorin Cut to Underperform at BNP Paribas; PT 60 euros
* Intelliam AI Rated New Buy at Cavendish; PT 115 pence (+)
* J. Martins Rated New Outperform at RBC; PT 22 euros
* Kongsberg Cut to Underweight at Morgan Stanley; PT 330 kroner
* Lululemon Cut to Underweight at Morgan Stanley; PT $93
* Neste Reinstated Hold at Deutsche Bank; PT 31 euros (+)
* Nordnet Cut to Hold at ABG; PT 390 kronor
* Porvair Rated New Buy at Deutsche Bank; PT 1,050 pence (+)
* SpaceX Rated New Buy at Stifel; PT $190
* SpaceX Rated New Buy at Goldman; PT $205
* SpaceX Rated New Buy at UBS; PT $210
* SpaceX Rated New Buy at Banco BTG Pactual; PT $225
* SpaceX Rated New Outperform at RBC; PT $225
* SpaceX Rated New Overweight at Morgan Stanley; PT $300
* Traton Rated New Buy at SB1 Markets; PT 46.29 euros

>>> Call
* DAX Poised for Catch-Up on Tech Rotation: Barclays Strategists (+)
* Carrefour Rated a Top Pick at RBC on Potential for Improvement
* Dunelm Rated New Neutral at BNP Paribas; PT 860 pence
* Kion Rises as Morgan Stanley Upgrades on Attractive Entry Point (+)
* Ned Davis Research Turns Overweight on European Equities
* Siemens Energy Cut at Barclays on Limited Upside to Consensus
* Legrand Raised to Overweight at Barclays on Data Center Demand (+)
* Morgan Stanley Starts SpaceX at Overweight on AI Credentials
* PolyPeptide Cut to Sector Perform at RBC Following Recent Rally (+)
* Rentokil Upgraded at Goldman on Improving Growth; Ferguson Cut (+)