>>> Up
* Atlas Copco Raised to Overweight at Morgan Stanley
* Bayer Raised to Overweight at JPMorgan; PT 50 euros
* Boliden PT raised to SEK 550 from SEK 475 at Danske Bank
* Buzzi SpA Raised to Buy at Deutsche Bank; PT 58 euros
* Cemex ADRs Raised to Sector Perform at RBC
* Exxon Raised to Neutral at BNPP Exane; PT $114
* flatexDEGIRO PT Raised to 42 euros from 32 euros at Berenberg
* Galderma PT raised from CHF 160 to CHF 190 at JPM
* Geberit Raised to Hold at Deutsche Bank; PT 558 Swiss francs
* Georg Fisher Raised from Hold to Buy at Kepler Cheuvreux, PT cut from 65 to 62 CHF
* Jefferies Raised to Overweight at Morgan Stanley; PT $78
* Knorr-Bremse Raised to Buy at Deutsche Bank; PT 100 euros
* Lufthansa Raised to Outperform at BNPP Exane; PT 10 euros
* Mastercard Raised to Buy at HSBC; PT $633
* Novartis Raised to Overweight at JPMorgan; PT 125 Swiss francs
* RENK Group Raised to Buy at Citi; PT 65 euros
* Roche Raised to Neutral at JPMorgan; PT 350 Swiss francs
* Schindler Raised to Equal-Weight at Morgan Stanley
* Straumann Raised to Overweight at JPMorgan; PT 125 Swiss francs
* Systemair Raised to Buy at Nordea; PT 110 kronor
* Thermo Fisher Raised to Overweight at KeyBanc; PT $750
* Victoria's Secret PT Raised to $55 from $47 at Barclays
* Victoria's Secret PT Raised to $55 from $47 at Barclays
* Victoria's Secret Raised to Neutral at BofA; PT $52
* Victoria's Secret Raised to Overweight at JPMorgan; PT $60
* Visa Raised to Buy at HSBC; PT $389
* Vodafone Raised to Overweight at Barclays; PT 120 pence
>>> Down
>>> Down
* 3M Co Cut to Hold at Deutsche Bank; PT $178
* Admiral Cut to Underweight at JPMorgan; PT 3,000 pence
* Ageas Cut to Neutral at JPMorgan; PT 63 euros
* Amrize Cut to Sector Perform at RBC; PT $60
* Aviva Cut to Neutral at JPMorgan; PT 725 pence
* Evercore Cut to Equal-Weight at Morgan Stanley; PT $373
* Ferrari Cut to Equal-Weight at Morgan Stanley; PT $425
* GEA Group Cut to Underweight at Morgan Stanley
* Georg Fisher PT cut from CHF 65 to 62 CHF at Kepler Cheuvreux
* Hannover Re Cut to Neutral at JPMorgan; PT 290 euros
* Heidelberg Materials Cut to Sector Perform at RBC
* Knorr-Bremse Raised to Overweight at Morgan Stanley
* M&G Cut to Neutral at JPMorgan; PT 305 pence
* Netflix Cut to Hold at Pivotal; PT $105
* NextEnergy Solar Cut to Underperform at Jefferies
* Raiffeisen Cut to Neutral at Citi; PT 37.10 euros
* Rotork Cut to Equal-Weight at Morgan Stanley
* Sanofi Cut to Neutral at JPMorgan; PT 95 euros
* Sanofi Cut to Neutral at JPMorgan; PT 95 euros
* Schott Pharma Cut to Equal-Weight at Barclays; PT 15 euros
* Schott Pharma Cut to Hold at Deutsche Bank; PT 19 euros
* Signify Cut to Underweight at Morgan Stanley; PT 18 euros
* Sika Cut to Sector Perform at RBC; PT 184 Swiss francs
* Sika Cut to Hold at Deutsche Bank; PT 168 Swiss francs
* Swiss Re PT Cut to 118 Swiss francs from 125 Swiss francs at RBC
* Sydbank Raised to Buy at ABG; PT 640 kroner
* Tesla Cut to Equal-Weight at Morgan Stanley; PT $425
* Wizz Air Cut to Underperform at BNPP Exane; PT 1,000 pence
>>> Initiation
>>> Initiation
* Air France-KLM ADRs Rated New Neutral at BNPP Exane; PT $1.25
* AUTO1 Rated New Buy at Jefferies; PT 34 euros
* EasyJet ADRs Rated New Outperform at BNPP Exane; PT $10
* Electrolux Rated New Buy at SB1 Markets; PT 85 kronor
* Electrolux Rated New Buy at SB1 Markets; PT 85 kronor
* Fortum Rated New Sector Perform at RBC; PT 17.50 euros
* James Hardie Rated New Equal-Weight at Barclays; PT $21
* Ryanair ADRs Rated New Outperform at BNPP Exane; PT $86
* Schiehallion Fund Rated New Equal-Weight at Barclays; PT $1.25
* Verbund Rated New Underperform at RBC; PT 57.50 euros
>>> Call
>>> Call
* Capital Goods Growth May Remain Limited in 2026: Morgan Stanley
* Bayer, Novartis Raised at JPMorgan, Among 2026 Top Pharma Picks
* WeRide Falls as JPMorgan Cuts Target on Pending Chinese Permits
* WeRide Falls as JPMorgan Cuts Target on Pending Chinese Permits
* Yardeni Pivots to Underweight on Mag 7 After 15-Year Tech Bet
* Medtech Valuations More Attractive, Straumann Raised: JPMorgan