>>> Europe : Brokers Upgrades & Downgrades - 8th of April 2025 V3(++)

>>> Up
* ABB Raised to Buy at Kepler Cheuvreux
* Adidas Raised to Buy at M.M. Warburg; PT 250 euros (+)
* Blackstone Raised to Market Outperform at Citizens; PT $165 (+)
* Boliden Raised to Buy at Pareto Securities; PT 310 kronor (++)
* CME Group Raised to Overweight at Morgan Stanley (++)
* Grenergy Renovables Raised to Overweight at Barclays (+)
* Hays Raised to Equal-Weight at Morgan Stanley; PT 66 pence
* KGHM Raised to Hold at Erste Group; PT 111 zloty
* Ralph Lauren Raised to Overweight at Wells Fargo; PT $240 (++)
* RenaissanceRe Raised to Overweight at JPMorgan; PT $284
* Saab Raised to Hold at Danske Bank Markets; PT 390 kronor (++)
* Swedbank Raised to Buy at Danske Bank Markets (++)
* Taaleri Plc Raised to Buy at Inderes; PT 9 euros
* UPM-Kymmene Raised to Buy at OP Corporate Bank; PT 29.50 euros (++)
* Valmet Raised to Buy at OP Corporate Bank; PT 26 euros (++)
* Vidrala Raised to Outperform at Grupo Santander; PT 111 euros
* WEC Energy Raised to Neutral at JPMorgan
* Wix.com Raised to Equal-Weight at Wells Fargo; PT $176 (++)

>>> Down
* Aena Cut to Sell at Goldman; PT 189 euros
* AIG Cut to Neutral at JPMorgan; PT $91
* AMD Cut to Sector Weight at KeyBanc
* American Air Cut to Sell at Goldman; PT $8
* Dominion Energy Cut to Underweight at JPMorgan
* Embla Medical HF Cut to Sell at Danske Bank Markets (++)
* EQT Cut to Neutral at JPMorgan; PT 269 kronor
* ERG Cut to Equal-Weight at Barclays; PT 20 euros (+)
* GE Aerospace Cut to Neutral at President Capital Management
* McPhy Cut to Underperform at RBC; PT 30 euro cents
* Orron Energy Cut to Underweight at Barclays; PT 4.90 kronor (+)
* Pandora Cut to Neutral at JPMorgan
* Publicis PT Cut to 100 euros from 106 euros at Deutsche Bank (+)
* Scatec Cut to Equal-Weight at Barclays (+)
* Siltronic PT Cut to 38 euros from 46 euros at Deutsche Bank (+)
* VAT PT Cut to 290 Swiss francs at Deutsche Bank (+)

>>> Initiation
* Eli Lilly Assumed Buy at Goldman; PT $888 (++)
* Lanxess Resumed Buy at Deutsche Bank; PT 27 euros (+)
* Medicover Rated New Buy at Trigon Dom Maklerski; PT 228 kronor
* Misitano & Stracuzzi Rated New Buy at TP ICAP Midcap (+)
* Viking Therapeutics Rated New Neutral at Goldman; PT $30 (+)
* Weyerhaeuser Reinstated Overweight at JPMorgan; PT $31

>>> Call
* ABB Raised to Buy at Kepler Cheuvreux After Power Stock Selloff (+)
* Aena Falls as Goldman Downgrades on Unattractive Cashflow View (++)
* Citi’s Montagu Sees Stock Positioning Triggering More Volatility (+)
* EQT Cut at JPMorgan, ‘Defensive’ Partners Group Is Now Top Pick
* Goldman Strategists See Risk of Cyclical Bear Market on Tariffs (++)
* Grenergy Renovables Gains as Barclays Upgrades; Cuts Scatec, ERG (++)
* Novo Nordisk Drops as Berenberg Says ‘Obesity Fever’ has Unwound (++)
* Stabilus Gains as JPMorgan Upbeat on Door Actuator Growth (++)
* Tough to Call Botttom of Market in Luxury, Pandora Cut: JPMorgan
* UBS, Deutsche Bank Price Targets Cut at RBC Ahead of Earnings

WWD : Matthieu Blazy Is Quietly Building His Team at Chanel

Matthieu Blazy Is Quietly Building His Team at Chanel
Sources told WWD his latest recruit is seasoned British designer Andrew Heather, who has worked in the couture studios of Maison Margiela and Givenchy.

Matthieu Blazy, who officially started work April 1 as Chanel’s new artistic director of fashion activities, is quietly assembling his team, WWD has learned.

According to market sources, he has tapped seasoned designer Andrew Heather from Maison Margiela for a top post.

It is understood Heather starts in June and will work in Chanel‘s haute couture studio.

A graduate of London’s Royal College of Art, Heather started out as a design assistant to Bruce Oldfield before moving to Paris in 1998 to work at Givenchy as head designer, haute couture, under Lee Alexander McQueen. He stayed on to assist Riccardo Tisci on Givenchy’s couture collections.

In 2011, he was named creative director of fur house Revillon, following in the famous footsteps of Rick Owens and Peter Dundas.

Between 2013 and 2021, Heather held senior design roles at Celine and Chloé before joining Maison Margiela as design director of the Artisanal couture line under creative director John Galliano, according to sources.

Contacted on Monday by WWD about the hire, a Chanel spokeswoman said: “As we enter a new chapter, it is natural that we should consider to have our creative organization evolve by bringing in new talents, while continuing to rely on our current teams.”

Heather could not be reached for comment.

Meanwhile, sources said executives in Blazy’s immediate orbit that he is likely to bring with him to Chanel include Michael Giugliano, who lists himself on LinkedIn as head of brand expansion at Bottega Veneta.

Last December, Chanel confirmed that Blazy, formerly Bottega Veneta’s creative director, was joining the French house and would be responsible for all haute couture, ready-to-wear and accessories collections.

“I am thrilled and honored to join the wonderful house of Chanel. I look forward to meeting all the teams and writing this new chapter together,” Blazy said in a statement at the time.

He is expected to make his debut with Chanel’s spring 2026 ready-to-wear collection, which should be unveiled during Paris Fashion Week next October.

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

>>> Up
* ABB Raised to Buy at Kepler Cheuvreux
* Adidas Raised to Buy at M.M. Warburg; PT 250 euros (+)
* Blackstone Raised to Market Outperform at Citizens; PT $165 (+)
* Grenergy Renovables Raised to Overweight at Barclays (+)
* Hays Raised to Equal-Weight at Morgan Stanley; PT 66 pence
* KGHM Raised to Hold at Erste Group; PT 111 zloty
* RenaissanceRe Raised to Overweight at JPMorgan; PT $284
* Taaleri Plc Raised to Buy at Inderes; PT 9 euros
* Vidrala Raised to Outperform at Grupo Santander; PT 111 euros
* WEC Energy Raised to Neutral at JPMorgan

>>> Down
* Aena Cut to Sell at Goldman; PT 189 euros
* AIG Cut to Neutral at JPMorgan; PT $91
* AMD Cut to Sector Weight at KeyBanc
* American Air Cut to Sell at Goldman; PT $8
* Dominion Energy Cut to Underweight at JPMorgan
* EQT Cut to Neutral at JPMorgan; PT 269 kronor
* ERG Cut to Equal-Weight at Barclays; PT 20 euros (+)
* GE Aerospace Cut to Neutral at President Capital Management
* McPhy Cut to Underperform at RBC; PT 30 euro cents
* Orron Energy Cut to Underweight at Barclays; PT 4.90 kronor (+)
* Pandora Cut to Neutral at JPMorgan
* Publicis PT Cut to 100 euros from 106 euros at Deutsche Bank (+)
* Scatec Cut to Equal-Weight at Barclays (+)
* Siltronic PT Cut to 38 euros from 46 euros at Deutsche Bank (+)
* VAT PT Cut to 290 Swiss francs at Deutsche Bank (+)

>>> Initiation
* Lanxess Resumed Buy at Deutsche Bank; PT 27 euros (+)
* Medicover Rated New Buy at Trigon Dom Maklerski; PT 228 kronor
* Misitano & Stracuzzi Rated New Buy at TP ICAP Midcap (+)
* Viking Therapeutics Rated New Neutral at Goldman; PT $30 (+)
* Weyerhaeuser Reinstated Overweight at JPMorgan; PT $31

>>> Call
* ABB Raised to Buy at Kepler Cheuvreux After Power Stock Selloff (+)
* Citi’s Montagu Sees Stock Positioning Triggering More Volatility (+)
* EQT Cut at JPMorgan, ‘Defensive’ Partners Group Is Now Top Pick
* Tough to Call Botttom of Market in Luxury, Pandora Cut: JPMorgan
* UBS, Deutsche Bank Price Targets Cut at RBC Ahead of Earnings

>>> Stoxx 600 Pre-Market Indications

  • Erste (EBO TH) +7.3%
    • European Stock Futures Rise After Slump on Tariff Fallout Worry
  • Bawag (0B2 TH) +6.9%
  • BNP Paribas (BNP TH) +6.7%
  • Frontline PLC (HF6 TH) +5.8%
  • Aviva (GU81 TH) +5.3%
  • Danske Bank (DSN TH) +4.9%
    • Danske CEO Says Bank Has Liquidity to Help Clients: Borsen
  • Siemens Energy (ENR TH) +4.7%
  • Hensoldt (HAG TH) +4.6%
  • OMV (OMV TH) +4.6%
    • OMV 1Q Production Beats Estimates
  • Fortum (FOT TH) +4.6%
  • Iberdrola (IBE1 TH) -0.7%
    • Orsted Faces US Offshore Wind Limbo as Tariffs Add to IRA Risk
  • Enel (ENL TH) -0.7%
  • Naturgy (GAN TH) -0.7%
  • Aker BP (ARC TH) -0.7%