>>> Europe : Brokers Upgrades & Downgrades - 8th of May 2025 V2(+)

>>> Up
* AMD Raised to Buy at DZ Bank; PT $118 (+)
* Deliveroo Raised to Neutral at Redburn; PT 115 pence
* Evolution Raised to Hold at Deutsche Bank; PT 689 kronor
* HKFoods Raised to Accumulate at Inderes; PT 1.30 euros
* Mosaic Raised to Outperform at RBC; PT $40
* Pandora Raised to Sector Perform at RBC; PT 1,050 kroner
* Rational Raised to Hold at HSBC; PT 750 euros
* Rockwell Automation Raised to Neutral at JPMorgan; PT $271
* Stendorren Fastigheter Raised to Buy at Pareto Securities
* Weir Group Raised to Buy at UBS (+)

>>> Down
* Ahold Delhaize Cut to Hold at Kepler Cheuvreux (+)
* Coty Cut to Hold at Canaccord; PT $5
* Coty Cut to Hold at Deutsche Bank; PT $6
* Deliveroo Cut to Hold at Jefferies; PT 180 pence
* Deliveroo Cut to Hold at HSBC; PT 180 pence
* DNB Bank Cut to Neutral at SpareBank; PT 280 kroner
* Endesa Cut to Sell at Goldman; PT 26 euros
* Endesa Cut to Neutral at Oddo BHF; PT 27.50 euros
* Hammerson Cut to Sell at UBS (+)
* Hensoldt Cut to Neutral at Oddo BHF; PT 78 euros
* Hillenbrand Cut to Sector Weight at KeyBanc
* Jyske Cut to Hold at SEB Equities; PT 605 kroner
* Sats Cut to Hold at DNB Markets; PT 37 kroner
* Sats Cut to Hold at Pareto Securities; PT 39 kroner
* Skanska Cut to Hold at Jefferies; PT 235 kronor
* SmartCraft Cut to Sell at SpareBank; PT 20 kroner
* Tallink GDRs Cut to Neutral at Swedbank; PT 70 euro cents
* Telecom Italia Cut to Neutral at New Street Research

>>> Initiation
* DSV Reinstated Buy at Deutsche Bank; PT 1,770 kroner (+)
* Eleco Rated New Buy at Canaccord; PT 176 pence
* Halozyme Rated New Buy at William O'Neil
* Legrand Rated New Overweight at Oxcap; PT 124.90 euros
* Rexel Rated New Equal-Weight at Oxcap; PT 26.80 euros
* Scout24 Rated New Buy at William O'Neil
* Telecom Plus Reinstated Buy at Berenberg; PT 2,600 pence (+)

>>> Call
* Rheinmetall’s Detailed Sales Hint at Guidance Upside: Jefferies (+)
* Companies Beat on Earnings Even as Growth Slows: Deutsche Bank (+)
* Puma Climbs as Maintained Outlook Provides Relief, Says RBC (+)
* Rheinmetall’s Detailed Sales Hint at Guidance Upside: Jefferies (+)