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

>>> Up
* Aegon Raised to Outperform at BNPP Exane; PT 6.40 euros
* Prosegur Raised to Outperform at Oddo BHF; PT 3.10 euros
* Prosegur Cash Raised to Outperform at Oddo BHF; PT 1 euro
* Solaria Energia Raised to Hold at Bestinver; PT 7.05 euros
* Stillfront Raised to Buy at Pareto Securities; PT 7.50 kronor
* TotalEnergies Raised to Buy at DBS Bank; PT 58 euros
* UBS Raised to Neutral at Oddo BHF; PT 27 Swiss francs

>>> Down
* BioMerieux Cut to Sector Perform at RBC; PT 125 euros
* Carlsberg Cut to Hold at HSBC; PT 910 kroner
* Coloplast Cut to Equal-Weight at Barclays; PT 750 kroner
* DSV Cut to Neutral at Citi; PT 1,499 kroner
* Equinor Cut to Neutral at JPMorgan; PT 270 kroner
* Fraport Cut to Sell at AlphaValue/Baader
* Freenet Cut to Hold at HSBC; PT 36 euros
* Nokian Renkaat Cut to Sell at SEB Equities; PT 5.60 euros
* Rana Gruber Cut to Sell at SpareBank; PT 70 kroner
* Relais Group Cut to Accumulate at Inderes; PT 17 euros
* Siegfried Cut to Add at Baader Helvea; PT 113.70 Swiss francs
* Telenor Cut to Hold at SEB Equities; PT 165 kroner
* Trifork Group Cut to Hold at ABG; PT 95 kroner

>>> Initiation
* Verve Group Rated New Buy at ABG; PT 5.51 euros

>>> Call