>>> Europe : Brokers Upgrades & Downgrades - 9th of February 2026 V3(++)

>>> Up
* Applied Materials PT Raised to $390 from $325 at Bernstein (++)
* Biogen PT Raised to $246 from $185 at Guggenheim (++)
* Biogen PT Raised to $228 from $194 at HC Wainwright (++)
* BW Energy Raised to Buy at Arctic Securities; PT 55 kroner
* Doximity Raised to Buy at Canaccord; PT $34
* Dunelm Raised to Buy at Jefferies; PT 1,075 pence
* Kreate Raised to Accumulate at Inderes; PT 15 euros
* Lagercrantz Raised to Buy at SB1 Markets; PT 245 kronor
* Oracle Raised to Buy at DA Davidson; PT $180 (++)
* Philip Morris PT Raised to $200 from $180 at Stifel (++)
* RENK Group Raised to Buy at MP Capital Markets; PT 63 euros (+)
* Regeneron PT Raised to $975 from $865 at Guggenheim (++)
* Revenio Raised to Buy at Inderes; PT 26 euros
* Scout24 Raised to Buy at UBS; PT 102.60 euros
* Stellantis Raised to Peerperform at Wolfe
* Under Armour PT Raised to $8 from $5 at Barclays
* Under Armour PT Raised to $8 from $6 at Truist Secs
* UniCredit Raised to Overweight at Banco Sabadell (+)
* Valmet Raised to Buy at SEB Equities; PT 33 euros
* Vitec Software Group Raised to Buy at SB1 Markets; PT 305 kronor
* YIT Raised to Accumulate at OP Corporate Bank; PT 3.20 euros (++)

>>> Down
* Canada Goose PT Cut to C$18 from C$22 at TD Cowen (++)
* Coloplast Cut to Hold at Danske Bank Markets; PT 520 kroner (++)
* Coty PT Cut to $8 from $10 at RBC (++)
* Crown Holdings Cut to Neutral at UBS; PT $126
* Estee Lauder PT Cut to $115 from $130 at TD Cowen (++)
* Exel Composites Cut to Reduce at Inderes; PT 55 euro cents
* Greggs Cut to Hold at Jefferies; PT 1,610 pence
* Hims & Hers Health PT Cut to $20 from $30 at TD Cowen (++)
* HubSpot PT Cut to $448 from $602 at Bernstein (++)
* Li Auto ADRs Cut to Underweight at JPMorgan; PT $14
* Multiconsult Cut to Hold at Arctic Securities; PT 185 kroner
* Nokian Renkaat Cut to Hold at SEB Equities; PT 11 euros
* Oracle PT Cut to $313 from $339 at Bernstein (++)
* Orsted Cut to Hold at Arctic Securities; PT 145 kroner
* Prysmian Cut to Hold at Deutsche Bank; PT 100 euros
* SocGen Cut to Neutral at Oddo BHF; PT 79 euros
* Sparebank 68 Grader Nord Cut to Hold at Norne Securities (+)
* Spotify PT Cut to $720 from $830 at KeyBanc (++)
* Unilever Cut to Hold at Deutsche Bank; PT 5,150 pence
* Vestas Cut to Hold at Kepler Cheuvreux
* Volvo Car Cut to Underperform at Bernstein (+)

>>> Initiation
* Cipher Mining Rated New Overweight at Morgan Stanley; PT $38
* Electrolux Rated New Neutral at UBS; PT 82 kronor
* Kaleon Rated New Buy at Equita; PT 5 euros (+)
* MARA Holdings Rated New Underweight at Morgan Stanley; PT $8
* Pihlajalinna Reinstated Hold at Danske Bank Markets; PT 16 euros (++)
* Rank Group Reinstated Buy at Investec; PT 132 pence
* Xpeng ADRs Reinstated Buy at GF Securities; PT $25.13

>>> Call
* Ayvens Shares Fall as Oddo Cuts to Neutral on Used Car Results (++)
* Deutsche Bank Strategists See Record Surge in Flows Outside Tech
* Greggs Drops as Jefferies Cuts to Hold on GLP-1 Risk to Earnings (++)
* JPMorgan’s Matejka Says European Stocks Can Weather Weak Dollar (++)
* Maersk Shares Fall as Barclays Remains ‘Anxious’ Over Outlook (++)
* RBC Strategists Say the Pullback in US Stocks to Be Short Lived (++)
* Renk Rises on Tradegate as MP Capital Markets Hikes to Buy (+)
* Scout24 Gains as UBS Upgrades, Says AI-Driven Selloff Overdone (++)