>>> Europe : Brokers Upgrades & Downgrades - 8th of July 2024 V2(+)

>>> Up
* Arkema Raised to Neutral at JPMorgan; PT 92 euros
* Credit Agricole Raised to Outperform at BNPP Exane; PT 17 euros
* Equinor Raised to Hold at Pareto Securities; PT 290 kroner (+)
* FinecoBank Raised to Buy at Jefferies; PT 16.30 euros
* Heidelberg Materials PT Raised to 138.60 euros at Jefferies
* I Grandi Viaggi Raised to Buy at Banca Akros (+)
* Michelin Raised to Buy at HSBC; PT 40 euros
* Pirelli Raised to Buy at HSBC; PT 6.40 euros
* Salmar Raised to Buy at SpareBank; PT 655 kroner
* Shaftesbury Capital PT Raised to 208 pence at Citi
* Ubisoft Raised to Buy at Jefferies; PT 29 euros

>>> Down
* K+S Cut to Underperform at BofA; PT 10 euros (+)
* Hyloris Pharmaceuticals Cut to Accumulate at KBC Securities
* Nemetschek Cut to Neutral at Bryan Garnier; PT 83 euros (+)
* Raymond James Cut to Peerperform at Wolfe
* Spirit Aero Cut to Neutral at JPMorgan; PT $37
* State Street Cut to Underperform at Wolfe; PT $73

>>> Initiation
* Angling Direct Rated New Buy at Canaccord; PT 57 pence (+)
* B&M European Reinstated Buy at Canaccord; PT 600 pence (+)
* Card Factory Reinstated Buy at Canaccord; PT 185 pence (+)
* Dunelm Reinstated Buy at Canaccord; PT 1,250 pence (+)
* Elektro Importoren Rated New Buy at SpareBank; PT 15 kroner
* Emerson Electric Rated New Buy at Redburn; PT $135
* Halfords Reinstated Hold at Canaccord; PT 146 pence (+)
* Pets at Home Rated New Buy at Canaccord; PT 350 pence (+)
* Procook Group Rated New Buy at Canaccord; PT 48 pence (+)
* Rockwell Automation Rated New Neutral at Redburn; PT $256
* Topps Tiles Reinstated Hold at Canaccord; PT 42 pence (+)
* WH Smith Reinstated Buy at Canaccord; PT 1,469 pence (+)
* Wickes Rated New Buy at Canaccord; PT 180 pence (+)

>>> Call

* FinecoBank Raised to Buy at Jefferies Following Underperformance
* Goldman Strategists See Sales Growth Driving European Profits
* Melrose Industries Raised at RBC, Fundamentals Still Supportive
* National Grid Is Now Morgan Stanley’s Top Network Pick
* Shaftesbury PT Raised to Street-High at Citi on Cyclical Upside (+)
* Ubisoft Double-Upgraded at Jefferies on Re-Rating Potential