>>> Europe : Brokers Upgrades & Downgrades - 9th of Oct. 2026

>>> Up
* ArcelorMittal Raised to Buy at UBS; PT 71 euros
* Bureau Veritas Raised to Buy at Citi; PT 31.54 euros
* Cboe Raised to Overweight at Morgan Stanley; PT $358
* Cloetta Raised to Buy at SB1 Markets; PT 62 kronor
* Handelsbanken Raised to Equal-Weight at Barclays; PT 146 kronor
* Heidelberg Materials Raised to Outperform at RBC
* Hexagon Raised to Overweight at JPMorgan; PT 125 kronor
* Humana Raised to Outperform at Baird; PT $596
* Morgan Advanced Raised to Outperform at RBC
* Nederman Raised to Buy at Handelsbanken; PT 160 kronor
* Rational Raised to Outperform at RBC; PT 700 euros
* Sage Group Raised to Buy at Investec; PT 1,300 pence
* Salzgitter Raised to Buy at UBS; PT 71 euros
* SEB Raised to Overweight at Barclays; PT 262 kronor
* Swedbank Raised to Overweight at Barclays; PT 467 kronor
* Voestalpine Raised to Buy at UBS; PT 64 euros
* Zscaler Raised to Buy at CFRA as Event Underscores Tailwinds

>>> Down
* BEWI Cut to Hold at Arctic Securities; PT 21 kroner
* Danske Bank Cut to Equal-Weight at Barclays; PT 391 kroner
* DNB Bank Cut to Underweight at Barclays; PT 282 kroner
* DSV Cut to Neutral at JPMorgan; PT 1,400 kroner
* Evolution Cut to Hold at Pareto Securities; PT 800 kronor
* Joby Aviation Cut to Underweight at Barclays
* Pearson Cut to Neutral at UBS; PT 1,300 pence
* Pennon Cut to Sector Perform at RBC; PT 400 pence
* Rheinmetall Cut to Hold at Berenberg; PT 1,020 euros
* Ryanair Cut to Equal-Weight at Barclays; PT 24 euros
* Saint-Gobain Cut to Sector Perform at RBC
* Tieto Oyj Cut to Hold at Nordea; PT 19.50 euros

>>> Initiation
* Boeing Rated New Overweight at Barclays; PT $300
* Lotus Bakeries Rated New Equal-Weight at Morgan Stanley
* Palantir Rated New Overweight at Barclays; PT $265
* Palisade Bio Inc Rated New Outperform at Raymond James; PT $6
* Rocket Lab Rated New Overweight at Barclays
* SIG Group Reinstated Neutral at BNP Paribas
* SpaceX Rated New Overweight at Barclays
* Vicore Pharma Rated New Buy at Jefferies; PT 23 kronor
* Vicore Pharma ADRs Rated New Buy at Jefferies; PT $25
* Zigup Rated New Buy at Shore Capital; PT 535 pence

>>> Call
* Barclays Turns Positive on Swedish Banks, DNB, Danske Cut
* DSV Loses Clean Sweep of Buy Ratings as JPMorgan Cuts to Neutral
* Hexagon on ‘Solid Footing,’ JPMorgan Upgrades to Overweight
* Mercedes May Cut 2026 Profit Guidance, RBC Analyst Says
* Rheinmetall Cut at Berenberg on Medium-Term Outlook Uncertainty
* Ryanair, Norwegian Air Cut at Barclays on High Fuel Costs