USA ja Kanada
Upgrades
** AbbVie (ABBV) Raised to Outperform at Leerink; PT $206
** ASGN (ASGN) Raised to Outperform at BMO; PT $100
** Bright Horizons (BFAM) Raised to Outperform at Baird; PT $140
** Coca-Cola Femsa (KOFUBL MM) ADRs Raised to Outperform at Grupo Santander
** Elastic (ESTC) Raised to Outperform at Baird; PT $135
** Flowserve (FLS) Raised to Outperform at RBC; PT $69
** KinderCare Learning (KLC) Raised to Outperform at Baird; PT $30
** Pebblebrook (PEB) Raised to Buy at Stifel; PT $15
** RBC Bearings (RBC) Raised to Overweight at KeyBanc; PT $375
** Sonic Automotive (SAH) Raised to Buy at Seaport Global Securities
** Waystar (WAY) Raised to Strong Buy at Raymond James
** XPeng (XPEV) ADRs Raised to Buy at China Renaissance; PT $16.70
Downgrades
** Atkore (ATKR) Cut to Neutral at B Riley; PT $84
** Baidu (BIDU) ADRs Cut to Equal-Weight at Barclays; PT $83
** Community Health (CYH) Cut to Underperform at Raymond James
** DiamondRock Hospitality (DRH) Cut to Hold at Stifel; PT $10.25
** Enel Chile (ENELCHIL CI) ADRs Cut to Sector Perform at Scotiabank; PT $3.90
** European Wax (EWCZ) Cut to Neutral at Citi; PT $5.50
** Grab Holdings (GRAB) Cut to Underperform at BofA; PT $4.90
** HCA Healthcare (HCA) Cut to Market Perform at Raymond James
** Innovid (CTV) Cut to Hold at Needham
*** Cut to Market Perform at JMP
** Palo Alto Networks (PANW) Cut to Reduce at HSBC; PT $291
** PDD (PDD) ADRs Cut to Hold at China Merchants; PT $111
*** ADRs Cut to Hold at DBS Bank; PT $102
** Root (ROOT) Cut to Market Perform at JMP
** Sunrun (RUN) Cut to Neutral at Piper Sandler; PT $11
** Tenet (THC) Cut to Outperform at Raymond James
** Timken (TKR) Cut to Sector Weight at KeyBanc
** TransMedics (TMDX) Cut to Hold at Needham
Initiations
** Aecom (ACM) Reinstated Buy at Goldman; PT $130
** Allegro MicroSystems (ALGM) Reinstated Overweight at Wells Fargo
** Amphastar (AMPH) Rated New Overweight at Wells Fargo; PT $55
** Analog Devices (ADI) Rated New Equal-Weight at Wells Fargo; PT $220
** ARM Holdings (ARM) ADRs Rated New Overweight at Wells Fargo; PT $155
** Aya Gold & Silver Inc (AYA CN) Rated New Outperform at CIBC; PT C$24
** Cadence Design (CDNS) Rated New Overweight at Wells Fargo; PT $350
** Carpenter Tech (CRS) Rated New Overweight at JPMorgan; PT $220
** Cloudflare (NET) Reinstated Buy at William O'Neil
** CPI Card (PMTS) Rated New Buy at DA Davidson; PT $36
** Crocs (CROX) Rated New Buy at Needham
** Datadog (DDOG) Reinstated Buy at William O'Neil
** Deckers Outdoor (DECK) Rated New Buy at Needham; PT $218
** Foot Locker (FL) Rated New Buy at Needham; PT $27
** Janux Therapeutics (JANX) Rated New Outperform at Leerink; PT $79
** Lululemon (LULU) Rated New Hold at Needham
** MaxLinear (MXL) Rated New Equal-Weight at Wells Fargo; PT $14
** Monolithic Power (MPWR) Reinstated Equal-Weight at Wells Fargo; PT $610
** NGEx Minerals (NGEX CN) Rated New Outperform at National Bank; PT C$17
** Nike (NKE) Rated New Buy at Needham; PT $84
** NXP Semi (NXPI) Reinstated Overweight at Wells Fargo; PT $250
** On Holding (ONON) Reinstated Buy at Needham; PT $64
** ON Semi (ON) Reinstated Overweight at Wells Fargo; PT $85
** Quinsam Opportunities I (VHI CN) Rated New Buy at TD Cowen; PT C$13
** Skechers USA (SKX) Rated New Hold at Needham
** Steven Madden (SHOO) Rated New Hold at Needham
** Synopsys (SNPS) Rated New Equal-Weight at Wells Fargo; PT $570
** TechnipFMC (FTI) Rated New Buy at William O'Neil
** Texas Instruments (TXN) Rated New Equal-Weight at Wells Fargo; PT $215
** UMB Financial (UMBF) Rated New Sector Perform at RBC; PT $130
** Under Armour (UAA) Rated New Hold at Needham
** Viking Therapeutics (VKTX) Rated New Buy at B Riley; PT $109
** Zegna Group (ZGN) Rated New Underweight at Morgan Stanley; PT $7.20
25. november Euroopas
Upgrades
* 3i Raised to Overweight at Morgan Stanley; PT 4,069 pence
* Alfa Laval Raised to Buy at Deutsche Bank
* Aroundtown Raised to Hold at Deutsche Bank
* Bachem Raised to Buy at Octavian; PT 86 Swiss francs
* Banco BPM Raised to Outperform at Mediobanca SpA; PT 8.20 euros
* Barratt Redrow PLC Raised to Buy at Jefferies; PT 507 pence
* Budimex Raised to Hold at Trigon Dom Maklerski; PT 525 zloty
* Crest Nicholson Raised to Buy at Jefferies; PT 185 pence
* Deutsche Wohnen Raised to Buy at Deutsche Bank
* Equinor Raised to Overweight at Barclays; PT 400 kroner
* Handelsbanken Raised to Equal-Weight at Morgan Stanley
* JD Sports Raised to Hold at Deutsche Bank
* LWB PW Raised to Neutral-Short Term Sell at Santander Biuro Maklerskie
* Liontrust Raised to Buy at Peel Hunt; PT 560 pence
* Nordea Bank Raised to Overweight at Morgan Stanley
* Santander Raised to Overweight at Morgan Stanley; PT 5.90 euros
* Sobi Raised to Buy at Danske Bank Markets; PT 340 kronor
* Torpol Raised to Buy at Trigon Dom Maklerski; PT 40 zloty
* Vestas Raised to Buy at Deutsche Bank
* Weir Group PLC/The Raised to Buy at Deutsche Bank
Downgrades
* Beneteau Cut to Neutral at CIC; PT 8 euros
* CaixaBank Cut to Equal-Weight at Morgan Stanley; PT 6.25 euros
* Dassault Aviation Cut to Hold at Kepler Cheuvreux
* ING Cut to Equal-Weight at Morgan Stanley; PT 17.50 euros
* Kone Cut to Underperform at RBC; PT 44 euros
* Orsted Cut to Neutral at Goldman; PT 445 kroner
* Thales Cut to Hold at Kepler Cheuvreux
* VGP Cut to Hold at Deutsche Bank
Initiations
* CTP Rated New Hold at Deutsche Bank; PT 15 euros
* Canatu Rated New Buy at Bryan Garnier; PT 15 euros
* Lundbergforetagen Rated New Sell at ABG; PT 493 kronor
* Montea Rated New Hold at Deutsche Bank; PT 65 euros
Upgrades
* 3i Raised to Overweight at Morgan Stanley; PT 4,069 pence
* Alfa Laval Raised to Buy at Deutsche Bank
* Aroundtown Raised to Hold at Deutsche Bank
* Bachem Raised to Buy at Octavian; PT 86 Swiss francs
* Banco BPM Raised to Outperform at Mediobanca SpA; PT 8.20 euros
* Barratt Redrow PLC Raised to Buy at Jefferies; PT 507 pence
* Budimex Raised to Hold at Trigon Dom Maklerski; PT 525 zloty
* Crest Nicholson Raised to Buy at Jefferies; PT 185 pence
* Deutsche Wohnen Raised to Buy at Deutsche Bank
* Equinor Raised to Overweight at Barclays; PT 400 kroner
* Handelsbanken Raised to Equal-Weight at Morgan Stanley
* JD Sports Raised to Hold at Deutsche Bank
* LWB PW Raised to Neutral-Short Term Sell at Santander Biuro Maklerskie
* Liontrust Raised to Buy at Peel Hunt; PT 560 pence
* Nordea Bank Raised to Overweight at Morgan Stanley
* Santander Raised to Overweight at Morgan Stanley; PT 5.90 euros
* Sobi Raised to Buy at Danske Bank Markets; PT 340 kronor
* Torpol Raised to Buy at Trigon Dom Maklerski; PT 40 zloty
* Vestas Raised to Buy at Deutsche Bank
* Weir Group PLC/The Raised to Buy at Deutsche Bank
Downgrades
* Beneteau Cut to Neutral at CIC; PT 8 euros
* CaixaBank Cut to Equal-Weight at Morgan Stanley; PT 6.25 euros
* Dassault Aviation Cut to Hold at Kepler Cheuvreux
* ING Cut to Equal-Weight at Morgan Stanley; PT 17.50 euros
* Kone Cut to Underperform at RBC; PT 44 euros
* Orsted Cut to Neutral at Goldman; PT 445 kroner
* Thales Cut to Hold at Kepler Cheuvreux
* VGP Cut to Hold at Deutsche Bank
Initiations
* CTP Rated New Hold at Deutsche Bank; PT 15 euros
* Canatu Rated New Buy at Bryan Garnier; PT 15 euros
* Lundbergforetagen Rated New Sell at ABG; PT 493 kronor
* Montea Rated New Hold at Deutsche Bank; PT 65 euros
26. november Euroopas
Upgrades
* Arkema Raised to Buy at Citi; PT 100 euros
* Coface Raised to Buy at Kepler Cheuvreux; PT 18 euros
* Deutsche Telekom Raised to Outperform at Oddo BHF; PT 35 euros
* Enagas Raised to Neutral at JPMorgan; PT 13.50 euros
* Evoke Raised to Buy at Deutsche Bank
* Givaudan Raised to Add at Baader Helvea; PT 4,200 Swiss francs
* Next Raised to Outperform at RBC
* Zurich Ins. Raised to Hold at DZ Bank; PT 560 Swiss francs
Downgrades
* Amundi Cut to Neutral at BNPP Exane; PT 69 euros
* Amundi Cut to Neutral at JPMorgan; PT 70 euros
* Ariston Cut to Underweight at Morgan Stanley; PT 3.50 euros
* Avolta AG Cut to Underweight at Barclays; PT 29 Swiss francs
* Deutsche Konsum REIT-AG Cut to Hold at M.M. Warburg
* DiaSorin Cut to Neutral at UBS
* Dynavox Group Cut to Hold at Handelsbanken
* H&M Cut to Sector Perform at RBC; PT 165 kronor
* Ithaca Energy Cut to Hold at HSBC; PT 120 pence
* NIBE Industrier Cut to Underweight at Morgan Stanley
* Stora Enso Cut to Equal-Weight at Morgan Stanley; PT 12 euros
* Vimian Cut to Sell at UBS
* Wetteri Oyj Cut to Sell at Inderes; PT 32 euro cents
Initiations
* Ambu Rated New Market Perform at Bernstein; PT 132.40 kroner
* Dowlais Rated New Hold at Berenberg
* Gerresheimer Rated New Outperform at Bernstein; PT 100.30 euros
* Gulf Keystone Rated New Buy at Clarksons; PT 220 pence
* Holmen Rated New Underweight at Morgan Stanley
* IMI Rated New Buy at Kepler Cheuvreux; PT 2,280 pence
* Kitron Rated New Buy at ABG; PT 36 kroner
* Puig Rated New Buy at Citi; PT 23 euros
* SCA Rated New Equal-Weight at Morgan Stanley
* Smiths Rated New Buy at Kepler Cheuvreux; PT 2,250 pence
* Spirax Rated New Hold at Kepler Cheuvreux; PT 6,940 pence
* Weir Group PLC/The Rated New Hold at Kepler Cheuvreux
Upgrades
* Arkema Raised to Buy at Citi; PT 100 euros
* Coface Raised to Buy at Kepler Cheuvreux; PT 18 euros
* Deutsche Telekom Raised to Outperform at Oddo BHF; PT 35 euros
* Enagas Raised to Neutral at JPMorgan; PT 13.50 euros
* Evoke Raised to Buy at Deutsche Bank
* Givaudan Raised to Add at Baader Helvea; PT 4,200 Swiss francs
* Next Raised to Outperform at RBC
* Zurich Ins. Raised to Hold at DZ Bank; PT 560 Swiss francs
Downgrades
* Amundi Cut to Neutral at BNPP Exane; PT 69 euros
* Amundi Cut to Neutral at JPMorgan; PT 70 euros
* Ariston Cut to Underweight at Morgan Stanley; PT 3.50 euros
* Avolta AG Cut to Underweight at Barclays; PT 29 Swiss francs
* Deutsche Konsum REIT-AG Cut to Hold at M.M. Warburg
* DiaSorin Cut to Neutral at UBS
* Dynavox Group Cut to Hold at Handelsbanken
* H&M Cut to Sector Perform at RBC; PT 165 kronor
* Ithaca Energy Cut to Hold at HSBC; PT 120 pence
* NIBE Industrier Cut to Underweight at Morgan Stanley
* Stora Enso Cut to Equal-Weight at Morgan Stanley; PT 12 euros
* Vimian Cut to Sell at UBS
* Wetteri Oyj Cut to Sell at Inderes; PT 32 euro cents
Initiations
* Ambu Rated New Market Perform at Bernstein; PT 132.40 kroner
* Dowlais Rated New Hold at Berenberg
* Gerresheimer Rated New Outperform at Bernstein; PT 100.30 euros
* Gulf Keystone Rated New Buy at Clarksons; PT 220 pence
* Holmen Rated New Underweight at Morgan Stanley
* IMI Rated New Buy at Kepler Cheuvreux; PT 2,280 pence
* Kitron Rated New Buy at ABG; PT 36 kroner
* Puig Rated New Buy at Citi; PT 23 euros
* SCA Rated New Equal-Weight at Morgan Stanley
* Smiths Rated New Buy at Kepler Cheuvreux; PT 2,250 pence
* Spirax Rated New Hold at Kepler Cheuvreux; PT 6,940 pence
* Weir Group PLC/The Rated New Hold at Kepler Cheuvreux
27. november
Upgrades
* Aviva Raised to Outperform at KBW; PT 545 pence
* Bastide le Confort Raised to Outperform at Oddo BHF; PT 27 euros
* Budimex Raised to Buy at Erste Group; PT 594 zloty
* Direct Line Raised to Outperform at BNPP Exane; PT 198 pence
* EDP Renovaveis Raised to Buy at Jefferies; PT 13 euros
* Equinor Raised to Buy at Berenberg; PT 325 kroner
* Essity Raised to Neutral at JPMorgan; PT 310 kronor
* Georg Fischer Raised to Outperform at ZKB
* HAL Raised to Buy at KBC Securities
* Henkel Raised to Overweight at JPMorgan; PT 100 euros
* Investor AB Raised to Buy at Pareto Securities; PT 328 kronor
* Melexis Raised to Neutral at UBS
* Nestle Raised to Equal-Weight at Morgan Stanley
* OCI Raised to Buy at Redburn; PT 14 euros
* Opmobility Raised to Overweight at JPMorgan; PT 12 euros
* Stratec Raised to Buy at M.M. Warburg
* Syensqo Raised to Equal-Weight at Barclays; PT 86 euros
* Volvo Raised to Overweight at JPMorgan; PT 330 kronor
Downgrades
* Allreal Cut to Neutral at UBS
* Boohoo Cut to Hold at Jefferies; PT 30 pence
* EDP SA Cut to Hold at Jefferies; PT 3.70 euros
* Generali Cut to Underperform at KBW; PT 25.50 euros
* IAG Cut to Neutral at CaixaBank BPI; PT 300.17 pence
* Nokian Renkaat Cut to Underweight at JPMorgan; PT 6 euros
* Segro Cut to Equal-Weight at Barclays; PT 800 pence
* Swiss Prime Cut to Neutral at UBS
* TotalEnergies Cut to Neutral at BNPP Exane; PT 61 euros
Initiations
* CMB Tech NV Resumed Buy at KBC Securities
* Huhtamaki Rated New Buy at Deutsche Bank; PT 42 euros
* Lonza Rated New Buy at Redburn; PT 650 Swiss francs
* NKT Rated New Neutral at Oddo BHF; PT 529.70 kroner
* Puig Rated New Overweight at Barclays; PT 24.40 euros
* Springer Nature Rated New Overweight at Barclays; PT 30 euros
Upgrades
* Aviva Raised to Outperform at KBW; PT 545 pence
* Bastide le Confort Raised to Outperform at Oddo BHF; PT 27 euros
* Budimex Raised to Buy at Erste Group; PT 594 zloty
* Direct Line Raised to Outperform at BNPP Exane; PT 198 pence
* EDP Renovaveis Raised to Buy at Jefferies; PT 13 euros
* Equinor Raised to Buy at Berenberg; PT 325 kroner
* Essity Raised to Neutral at JPMorgan; PT 310 kronor
* Georg Fischer Raised to Outperform at ZKB
* HAL Raised to Buy at KBC Securities
* Henkel Raised to Overweight at JPMorgan; PT 100 euros
* Investor AB Raised to Buy at Pareto Securities; PT 328 kronor
* Melexis Raised to Neutral at UBS
* Nestle Raised to Equal-Weight at Morgan Stanley
* OCI Raised to Buy at Redburn; PT 14 euros
* Opmobility Raised to Overweight at JPMorgan; PT 12 euros
* Stratec Raised to Buy at M.M. Warburg
* Syensqo Raised to Equal-Weight at Barclays; PT 86 euros
* Volvo Raised to Overweight at JPMorgan; PT 330 kronor
Downgrades
* Allreal Cut to Neutral at UBS
* Boohoo Cut to Hold at Jefferies; PT 30 pence
* EDP SA Cut to Hold at Jefferies; PT 3.70 euros
* Generali Cut to Underperform at KBW; PT 25.50 euros
* IAG Cut to Neutral at CaixaBank BPI; PT 300.17 pence
* Nokian Renkaat Cut to Underweight at JPMorgan; PT 6 euros
* Segro Cut to Equal-Weight at Barclays; PT 800 pence
* Swiss Prime Cut to Neutral at UBS
* TotalEnergies Cut to Neutral at BNPP Exane; PT 61 euros
Initiations
* CMB Tech NV Resumed Buy at KBC Securities
* Huhtamaki Rated New Buy at Deutsche Bank; PT 42 euros
* Lonza Rated New Buy at Redburn; PT 650 Swiss francs
* NKT Rated New Neutral at Oddo BHF; PT 529.70 kroner
* Puig Rated New Overweight at Barclays; PT 24.40 euros
* Springer Nature Rated New Overweight at Barclays; PT 30 euros
USA ja Kanada
Upgrades
** Aldebaran Resources (ALDE CN) Raised to Buy at Paradigm Capital; PT C$2.80
** Dick's Sporting (DKS) Raised to Buy at UBS; PT $260
** Embecta (EMBC) Raised to Buy at BTIG; PT $26
** Martin Marietta (MLM) Raised to Overweight at JPMorgan; PT $640
** Nestle (NESN SW) ADRs Raised to Equal-Weight at Morgan Stanley; PT $85
** Nvidia (NVDA) Raised to Hold at Punto Casa de Bolsa; PT $140
** Paramount Global (PARA) Raised to Buy at CFRA
** Urban Outfitters (URBN) Raised to Buy at Citi; PT $59
Downgrades
** Alexandria Real Estate (ARE) Cut to Neutral at JPMorgan; PT $121
** CrowdStrike (CRWD) Cut to Hold at HSBC; PT $347
** Eli Lilly (LLY) Cut to Hold at Erste Group
** Gran Tierra (GTE) Cut to Sector Perform at Peters & Co; PT $7.81
** Kohl's (KSS) Cut to Neutral at Baird; PT $18
*** Cut to Reduce at Gordon Haskett; PT $11
** PennantPark Investment (PNNT) Cut to Neutral at Ladenburg Thalmann
** Workday (WDAY) Cut to Neutral at Piper Sandler; PT $270
Initiations
** Amphenol (APH) Rated New Buy at William O'Neil
** Bank of Hawaii (BOH) Rated New Overweight at Stephens; PT $90
** Booking (BKNG) Rated New Outperform at Baird
** Compass Diversified (CODI) Rated New Buy at TD Cowen; PT $34
** Engene Holdings (ENGN) Rated New Outperform at Raymond James; PT $23
** Expedia (EXPE) Rated New Outperform at Baird
** First Hawaiian (FHB) Rated New Equal-Weight at Stephens; PT $30
** Grail (GRAL) Rated New Equal-Weight at Morgan Stanley; PT $16
** Kinsale Capital (KNSL) Reinstated Buy at William O'Neil
** Lundin Mining (LUN CN) Reinstated Hold at Kepler Cheuvreux; PT C$15.40
** Plumas (PLBC) Rated New Overweight at Stephens; PT $60
** Rogers Sugar (RSI CN) Rated New Sector Perform at Scotiabank; PT C$6.25
** Taylor Morrison (TMHC) Reinstated Buy at William O'Neil
Upgrades
** Aldebaran Resources (ALDE CN) Raised to Buy at Paradigm Capital; PT C$2.80
** Dick's Sporting (DKS) Raised to Buy at UBS; PT $260
** Embecta (EMBC) Raised to Buy at BTIG; PT $26
** Martin Marietta (MLM) Raised to Overweight at JPMorgan; PT $640
** Nestle (NESN SW) ADRs Raised to Equal-Weight at Morgan Stanley; PT $85
** Nvidia (NVDA) Raised to Hold at Punto Casa de Bolsa; PT $140
** Paramount Global (PARA) Raised to Buy at CFRA
** Urban Outfitters (URBN) Raised to Buy at Citi; PT $59
Downgrades
** Alexandria Real Estate (ARE) Cut to Neutral at JPMorgan; PT $121
** CrowdStrike (CRWD) Cut to Hold at HSBC; PT $347
** Eli Lilly (LLY) Cut to Hold at Erste Group
** Gran Tierra (GTE) Cut to Sector Perform at Peters & Co; PT $7.81
** Kohl's (KSS) Cut to Neutral at Baird; PT $18
*** Cut to Reduce at Gordon Haskett; PT $11
** PennantPark Investment (PNNT) Cut to Neutral at Ladenburg Thalmann
** Workday (WDAY) Cut to Neutral at Piper Sandler; PT $270
Initiations
** Amphenol (APH) Rated New Buy at William O'Neil
** Bank of Hawaii (BOH) Rated New Overweight at Stephens; PT $90
** Booking (BKNG) Rated New Outperform at Baird
** Compass Diversified (CODI) Rated New Buy at TD Cowen; PT $34
** Engene Holdings (ENGN) Rated New Outperform at Raymond James; PT $23
** Expedia (EXPE) Rated New Outperform at Baird
** First Hawaiian (FHB) Rated New Equal-Weight at Stephens; PT $30
** Grail (GRAL) Rated New Equal-Weight at Morgan Stanley; PT $16
** Kinsale Capital (KNSL) Reinstated Buy at William O'Neil
** Lundin Mining (LUN CN) Reinstated Hold at Kepler Cheuvreux; PT C$15.40
** Plumas (PLBC) Rated New Overweight at Stephens; PT $60
** Rogers Sugar (RSI CN) Rated New Sector Perform at Scotiabank; PT C$6.25
** Taylor Morrison (TMHC) Reinstated Buy at William O'Neil
28. november Euroopas
Upgrades
* Alior Raised to Buy at Erste Group; PT 125 zloty
* Assa Abloy Raised to Outperform at BNPP Exane; PT 375 kronor
* Epiroc Raised to Neutral at BNPP Exane; PT 200 kronor
* Kerry Group Raised to Buy at Deutsche Bank
* Kety Raised to Accumulate at Erste Group; PT 784.70 zloty
* Kone Raised to Outperform at BNPP Exane; PT 55 euros
* Mips Raised to Buy at Carnegie
* PKO Raised to Accumulate at Erste Group; PT 64.20 zloty
* Pekao Raised to Buy at Erste Group; PT 173 zloty
* SSE Raised to Buy at Deutsche Bank; PT 2,000 pence
* Sainsbury Raised to Overweight at JPMorgan; PT 310 pence
* Spirax Raised to Outperform at BNPP Exane; PT 8,200 pence
* Stadler Rail Raised to Neutral at BNPP Exane; PT 20 Swiss francs
* Telecom Italia Raised to Neutral at BNPP Exane
* Tesco Raised to Overweight at JPMorgan; PT 410 pence
* Traton Raised to Outperform at BNPP Exane; PT 35 euros
* Voestalpine Raised to Buy at Erste Group; PT 25.50 euros
Downgrades
* Alfa Laval Cut to Underperform at BNPP Exane; PT 450 kronor
* Allegro Cut to Equal-Weight at Morgan Stanley; PT 33 zloty
* Bouygues Cut to Neutral at JPMorgan; PT 37 euros
* CompuGroup Cut to Hold at Stifel; PT 18 euros
* Cranswick Cut to Sector Perform at RBC
* Dustin Cut to Hold at Nordea
* Elisa Cut to Neutral at JPMorgan; PT 50 euros
* Proximus Cut to Neutral at BNPP Exane
* Proximus Cut to Neutral at JPMorgan; PT 8.60 euros
* Valeo Cut to Hold at HSBC; PT 9 euros
Initiations
* Belships Rated New Buy at SEB Equities; PT 25 kroner
* Gentoo Media Inc Rated New Buy at Wood & Company; PT 36 kroner
* Halma Rated New Neutral at Citi; PT 2,900 pence
* Smiths Rated New Buy at Citi; PT 2,400 pence
* Solstad Rated New Buy at SpareBank; PT 56 kroner
* Spirax Rated New Buy at Citi; PT 8,600 pence
* Straumann Rated New Buy at Berenberg; PT 145 Swiss francs
* Sunrise Communications/old Rated New Neutral at JPMorgan
* Vallourec Rated New Buy at TP ICAP Midcap; PT 21 euros
* Zegona Communications Rated New Buy at Kepler Cheuvreux
Upgrades
* Alior Raised to Buy at Erste Group; PT 125 zloty
* Assa Abloy Raised to Outperform at BNPP Exane; PT 375 kronor
* Epiroc Raised to Neutral at BNPP Exane; PT 200 kronor
* Kerry Group Raised to Buy at Deutsche Bank
* Kety Raised to Accumulate at Erste Group; PT 784.70 zloty
* Kone Raised to Outperform at BNPP Exane; PT 55 euros
* Mips Raised to Buy at Carnegie
* PKO Raised to Accumulate at Erste Group; PT 64.20 zloty
* Pekao Raised to Buy at Erste Group; PT 173 zloty
* SSE Raised to Buy at Deutsche Bank; PT 2,000 pence
* Sainsbury Raised to Overweight at JPMorgan; PT 310 pence
* Spirax Raised to Outperform at BNPP Exane; PT 8,200 pence
* Stadler Rail Raised to Neutral at BNPP Exane; PT 20 Swiss francs
* Telecom Italia Raised to Neutral at BNPP Exane
* Tesco Raised to Overweight at JPMorgan; PT 410 pence
* Traton Raised to Outperform at BNPP Exane; PT 35 euros
* Voestalpine Raised to Buy at Erste Group; PT 25.50 euros
Downgrades
* Alfa Laval Cut to Underperform at BNPP Exane; PT 450 kronor
* Allegro Cut to Equal-Weight at Morgan Stanley; PT 33 zloty
* Bouygues Cut to Neutral at JPMorgan; PT 37 euros
* CompuGroup Cut to Hold at Stifel; PT 18 euros
* Cranswick Cut to Sector Perform at RBC
* Dustin Cut to Hold at Nordea
* Elisa Cut to Neutral at JPMorgan; PT 50 euros
* Proximus Cut to Neutral at BNPP Exane
* Proximus Cut to Neutral at JPMorgan; PT 8.60 euros
* Valeo Cut to Hold at HSBC; PT 9 euros
Initiations
* Belships Rated New Buy at SEB Equities; PT 25 kroner
* Gentoo Media Inc Rated New Buy at Wood & Company; PT 36 kroner
* Halma Rated New Neutral at Citi; PT 2,900 pence
* Smiths Rated New Buy at Citi; PT 2,400 pence
* Solstad Rated New Buy at SpareBank; PT 56 kroner
* Spirax Rated New Buy at Citi; PT 8,600 pence
* Straumann Rated New Buy at Berenberg; PT 145 Swiss francs
* Sunrise Communications/old Rated New Neutral at JPMorgan
* Vallourec Rated New Buy at TP ICAP Midcap; PT 21 euros
* Zegona Communications Rated New Buy at Kepler Cheuvreux
29. november Euroopas
Upgrades
* ABB Raised to Buy at BofA
* Accor Raised to Overweight at JPMorgan; PT 54 euros
* Anglo American Raised to Buy at Jefferies; PT 2,850 pence
* DFS Furniture Raised to Buy at Berenberg; PT 185 pence
* Detection Tech Oy Raised to Buy at Inderes; PT 18 euros
* Elior Raised to Overweight at JPMorgan; PT 4.50 euros
* FLSmidth Raised to Buy at BofA
* Geberit Raised to Buy at Kepler Cheuvreux; PT 630 Swiss francs
* IMI Raised to Buy at BofA
* Jungheinrich Raised to Neutral at BofA
* Kion Raised to Buy at BofA
* Mondi Raised to Equal-Weight at ABSA Securities
* Naturgy Raised to Neutral at JPMorgan; PT 25 euros
* Norma Raised to Outperform at Oddo BHF; PT 18.10 euros
* Roche Raised to Hold at Intron Health; PT 260 Swiss francs
* TotalEnergies Raised to Outperform at Grupo Santander
* WDP Raised to Buy at Kepler Cheuvreux; PT 24 euros
* Wacker Neuson Raised to Buy at M.M. Warburg; PT 17 euros
Downgrades
* BAE Cut to Underperform at BofA
* Cranswick Cut to Hold at Berenberg; PT 5,400 pence
* Euronext Cut to Hold at HSBC; PT 110 euros
* GSK Cut to Sell at Intron Health; PT 1,200 pence
* LEG Immobilien Cut to Hold at HSBC; PT 92 euros
* QinetiQ Cut to Underperform at BofA
* S Immo Cut to Hold at Erste Group; PT 22.05 euros
* Sanofi Cut to Hold at Intron Health; PT 100 euros
* Swiss Life Cut to Market Perform at ZKB
Initiations
* A.G. Barr Reinstated Buy at Berenberg; PT 800 pence
* Fevertree Drinks Reinstated Hold at Berenberg; PT 700 pence
* Hilton Food Reinstated Buy at Berenberg; PT 1,090 pence
* JD Sports Reinstated Buy at Berenberg; PT 135 pence
* Kingfisher Reinstated Hold at Berenberg; PT 273 pence
* Marks & Spencer Reinstated Hold at Berenberg; PT 410 pence
* Next Reinstated Buy at Berenberg; PT 12,600 pence
* Nichols Reinstated Buy at Berenberg; PT 1,630 pence
* Phoenix Mecano Rated New Buy at Baader Helvea
* Premier Foods Rated New Buy at Berenberg; PT 240 pence
* Salzgitter Reinstated Hold at Kepler Cheuvreux; PT 18.20 euros
* Victorian Plumbing Group Reinstated Buy at Berenberg
Upgrades
* ABB Raised to Buy at BofA
* Accor Raised to Overweight at JPMorgan; PT 54 euros
* Anglo American Raised to Buy at Jefferies; PT 2,850 pence
* DFS Furniture Raised to Buy at Berenberg; PT 185 pence
* Detection Tech Oy Raised to Buy at Inderes; PT 18 euros
* Elior Raised to Overweight at JPMorgan; PT 4.50 euros
* FLSmidth Raised to Buy at BofA
* Geberit Raised to Buy at Kepler Cheuvreux; PT 630 Swiss francs
* IMI Raised to Buy at BofA
* Jungheinrich Raised to Neutral at BofA
* Kion Raised to Buy at BofA
* Mondi Raised to Equal-Weight at ABSA Securities
* Naturgy Raised to Neutral at JPMorgan; PT 25 euros
* Norma Raised to Outperform at Oddo BHF; PT 18.10 euros
* Roche Raised to Hold at Intron Health; PT 260 Swiss francs
* TotalEnergies Raised to Outperform at Grupo Santander
* WDP Raised to Buy at Kepler Cheuvreux; PT 24 euros
* Wacker Neuson Raised to Buy at M.M. Warburg; PT 17 euros
Downgrades
* BAE Cut to Underperform at BofA
* Cranswick Cut to Hold at Berenberg; PT 5,400 pence
* Euronext Cut to Hold at HSBC; PT 110 euros
* GSK Cut to Sell at Intron Health; PT 1,200 pence
* LEG Immobilien Cut to Hold at HSBC; PT 92 euros
* QinetiQ Cut to Underperform at BofA
* S Immo Cut to Hold at Erste Group; PT 22.05 euros
* Sanofi Cut to Hold at Intron Health; PT 100 euros
* Swiss Life Cut to Market Perform at ZKB
Initiations
* A.G. Barr Reinstated Buy at Berenberg; PT 800 pence
* Fevertree Drinks Reinstated Hold at Berenberg; PT 700 pence
* Hilton Food Reinstated Buy at Berenberg; PT 1,090 pence
* JD Sports Reinstated Buy at Berenberg; PT 135 pence
* Kingfisher Reinstated Hold at Berenberg; PT 273 pence
* Marks & Spencer Reinstated Hold at Berenberg; PT 410 pence
* Next Reinstated Buy at Berenberg; PT 12,600 pence
* Nichols Reinstated Buy at Berenberg; PT 1,630 pence
* Phoenix Mecano Rated New Buy at Baader Helvea
* Premier Foods Rated New Buy at Berenberg; PT 240 pence
* Salzgitter Reinstated Hold at Kepler Cheuvreux; PT 18.20 euros
* Victorian Plumbing Group Reinstated Buy at Berenberg
2. detsember Euroopas
Upgrades
* AB Foods Raised to Hold at Deutsche Bank
* Air Liquide Raised to Overweight at JPMorgan; PT 195 euros
* Akzo Nobel Raised to Overweight at JPMorgan; PT 70 euros
* BASF Raised to Buy at Deutsche Bank
* Barratt Redrow PLC Raised to Outperform at RBC
* Burberry Raised to Buy at Deutsche Bank
* CMC Markets Raised to Hold at Jefferies; PT 275 pence
* Crest Nicholson Raised to Sector Perform at RBC
* Endesa Raised to Outperform at RBC; PT 24 euros
* Enel Raised to Outperform at BNPP Exane
* Fresenius Medical Care Raised to Neutral at BofA
* Hermes Raised to Buy at HSBC; PT 2,500 euros
* Howden Joinery Raised to Buy at Panmure Liberum; PT 965 pence
* IMCD Raised to Hold at Deutsche Bank
* Inditex Raised to Hold at Deutsche Bank
* Johnson Matthey Raised to Neutral at JPMorgan; PT 1,600 pence
* KBC Raised to Outperform at KBW; PT 85 euros
* LVMH Raised to Buy at HSBC; PT 727 euros
* Novo Raised to Outperform at BNPP Exane; PT 930 kroner
* Redeia Raised to Outperform at BNPP Exane
* Syensqo Raised to Buy at Deutsche Bank
* Wood Raised to Equal-Weight at Barclays; PT 75 pence
Downgrades
* EDP Renovaveis Cut to Underperform at BNPP Exane
* Hexicon Cut to Sell at Inderes; PT 0.14 kronor
* Iberdrola Cut to Sector Perform at RBC
* K+S Cut to Sell at Deutsche Bank
* Kering Cut to Underweight at JPMorgan; PT 195 euros
* MJ Gleeson Cut to Sector Perform at RBC
* OVH Cut to Sell at Stifel; PT 7 euros
* Orsted Cut to Underperform at BNPP Exane
* Persimmon Cut to Underperform at RBC
* Sandoz Group Cut to Neutral at BNPP Exane; PT 41 Swiss francs
* Severfield Cut to Add at Peel Hunt; PT 85 pence
* Solwers Cut to Accumulate at Inderes; PT 4.20 euros
* Swatch Cut to Underweight at JPMorgan; PT 135 Swiss francs
* Vistry Group Cut to Underperform at RBC
Initiations
* ABB Rated New Neutral at Grupo Santander; PT 52.10 Swiss francs
* AF Gruppen Rated New Buy at Carnegie; PT 79 kroner
* Dassault Aviation Reinstated Buy at Citi; PT 230 euros
* Pensionbee Group Rated New Buy at Canaccord; PT 217 pence
* Schneider Electric Rated New Neutral at Grupo Santander
* Siemens Reinstated Outperform at Grupo Santander
* Sveafastigheter Rated New Buy at Kepler Cheuvreux; PT 43 kronor
* Sveafastigheter Rated New Buy at Nordea; PT 43 kronor
* Sveafastigheter Rated New Buy at SEB Equities; PT 44 kronor
Upgrades
* AB Foods Raised to Hold at Deutsche Bank
* Air Liquide Raised to Overweight at JPMorgan; PT 195 euros
* Akzo Nobel Raised to Overweight at JPMorgan; PT 70 euros
* BASF Raised to Buy at Deutsche Bank
* Barratt Redrow PLC Raised to Outperform at RBC
* Burberry Raised to Buy at Deutsche Bank
* CMC Markets Raised to Hold at Jefferies; PT 275 pence
* Crest Nicholson Raised to Sector Perform at RBC
* Endesa Raised to Outperform at RBC; PT 24 euros
* Enel Raised to Outperform at BNPP Exane
* Fresenius Medical Care Raised to Neutral at BofA
* Hermes Raised to Buy at HSBC; PT 2,500 euros
* Howden Joinery Raised to Buy at Panmure Liberum; PT 965 pence
* IMCD Raised to Hold at Deutsche Bank
* Inditex Raised to Hold at Deutsche Bank
* Johnson Matthey Raised to Neutral at JPMorgan; PT 1,600 pence
* KBC Raised to Outperform at KBW; PT 85 euros
* LVMH Raised to Buy at HSBC; PT 727 euros
* Novo Raised to Outperform at BNPP Exane; PT 930 kroner
* Redeia Raised to Outperform at BNPP Exane
* Syensqo Raised to Buy at Deutsche Bank
* Wood Raised to Equal-Weight at Barclays; PT 75 pence
Downgrades
* EDP Renovaveis Cut to Underperform at BNPP Exane
* Hexicon Cut to Sell at Inderes; PT 0.14 kronor
* Iberdrola Cut to Sector Perform at RBC
* K+S Cut to Sell at Deutsche Bank
* Kering Cut to Underweight at JPMorgan; PT 195 euros
* MJ Gleeson Cut to Sector Perform at RBC
* OVH Cut to Sell at Stifel; PT 7 euros
* Orsted Cut to Underperform at BNPP Exane
* Persimmon Cut to Underperform at RBC
* Sandoz Group Cut to Neutral at BNPP Exane; PT 41 Swiss francs
* Severfield Cut to Add at Peel Hunt; PT 85 pence
* Solwers Cut to Accumulate at Inderes; PT 4.20 euros
* Swatch Cut to Underweight at JPMorgan; PT 135 Swiss francs
* Vistry Group Cut to Underperform at RBC
Initiations
* ABB Rated New Neutral at Grupo Santander; PT 52.10 Swiss francs
* AF Gruppen Rated New Buy at Carnegie; PT 79 kroner
* Dassault Aviation Reinstated Buy at Citi; PT 230 euros
* Pensionbee Group Rated New Buy at Canaccord; PT 217 pence
* Schneider Electric Rated New Neutral at Grupo Santander
* Siemens Reinstated Outperform at Grupo Santander
* Sveafastigheter Rated New Buy at Kepler Cheuvreux; PT 43 kronor
* Sveafastigheter Rated New Buy at Nordea; PT 43 kronor
* Sveafastigheter Rated New Buy at SEB Equities; PT 44 kronor
3. detsember Euroopas
Upgrades
* ACS Raised to Neutral at BofA
* Ashtead Raised to Outperform at RBC
* BASF Raised to Buy at Baader Helvea; PT 55 euros
* BMW Raised to Buy at UBS
* Ceres Power Raised to Sector Perform at RBC; PT 180 pence
* DiscoverIE Raised to Hold at Shore Capital
* Enel Raised to Buy at BofA
* Ferrovial Raised to Buy at BofA
* Grupa Pracuj Raised to Buy at Wood & Company; PT 66.80 zloty
* Hochtief Raised to Buy at BofA
* Nyab Raised to Buy at Inderes; PT 6.80 kronor
* Pandora Raised to Overweight at JPMorgan; PT 1,300 kroner
* Persimmon Raised to Buy at Citi; PT 1,450 pence
* Porsche Raised to Overweight at Barclays; PT 70 euros
Downgrades
* Aena Cut to Neutral at BofA
* Azimut Cut to Hold at Deutsche Bank
* Covivio Cut to Underweight at Morgan Stanley; PT 55 euros
* Credito Emiliano Cut to Hold at Jefferies; PT 11.50 euros
* Currys Cut to Hold at Deutsche Bank
* Endesa Cut to Neutral at BofA
* Gestamp Cut to Equal-Weight at Barclays; PT 3 euros
* Givaudan Cut to Sell at Van Lanschot Kempen
* Hypoport Cut to Neutral at BNPP Exane
* Mercedes Cut to Neutral at UBS
* Mercedes Cut to Underweight at Barclays; PT 48.50 euros
* NN Group Cut to Hold at Kepler Cheuvreux
* Nel Cut to Sector Perform at RBC; PT 4 kroner
* Porsche Cut to Neutral at UBS
* Sonova Cut to Underweight at JPMorgan; PT 224 Swiss francs
* Staige One Cut to Speculative Buy at SMC Research; PT 5.20 euros
* Symrise Cut to Hold at Kepler Cheuvreux
* Terna Cut to Underperform at BofA
Initiations
* Beijer REF Rated New Neutral at Citi; PT 174 kronor
* Coca-Cola HBC Rated New Outperform at Bernstein
* Evolution Rated New Buy at Kepler Cheuvreux; PT 1,400 kronor
* Kety Reinstated Buy at Trigon Dom Maklerski; PT 1,000 zloty
* Medicover Rated New Buy at Deutsche Bank; PT 210 kronor
* Straumann Rated New Buy at Equita; PT 140 Swiss francs
Upgrades
* ACS Raised to Neutral at BofA
* Ashtead Raised to Outperform at RBC
* BASF Raised to Buy at Baader Helvea; PT 55 euros
* BMW Raised to Buy at UBS
* Ceres Power Raised to Sector Perform at RBC; PT 180 pence
* DiscoverIE Raised to Hold at Shore Capital
* Enel Raised to Buy at BofA
* Ferrovial Raised to Buy at BofA
* Grupa Pracuj Raised to Buy at Wood & Company; PT 66.80 zloty
* Hochtief Raised to Buy at BofA
* Nyab Raised to Buy at Inderes; PT 6.80 kronor
* Pandora Raised to Overweight at JPMorgan; PT 1,300 kroner
* Persimmon Raised to Buy at Citi; PT 1,450 pence
* Porsche Raised to Overweight at Barclays; PT 70 euros
Downgrades
* Aena Cut to Neutral at BofA
* Azimut Cut to Hold at Deutsche Bank
* Covivio Cut to Underweight at Morgan Stanley; PT 55 euros
* Credito Emiliano Cut to Hold at Jefferies; PT 11.50 euros
* Currys Cut to Hold at Deutsche Bank
* Endesa Cut to Neutral at BofA
* Gestamp Cut to Equal-Weight at Barclays; PT 3 euros
* Givaudan Cut to Sell at Van Lanschot Kempen
* Hypoport Cut to Neutral at BNPP Exane
* Mercedes Cut to Neutral at UBS
* Mercedes Cut to Underweight at Barclays; PT 48.50 euros
* NN Group Cut to Hold at Kepler Cheuvreux
* Nel Cut to Sector Perform at RBC; PT 4 kroner
* Porsche Cut to Neutral at UBS
* Sonova Cut to Underweight at JPMorgan; PT 224 Swiss francs
* Staige One Cut to Speculative Buy at SMC Research; PT 5.20 euros
* Symrise Cut to Hold at Kepler Cheuvreux
* Terna Cut to Underperform at BofA
Initiations
* Beijer REF Rated New Neutral at Citi; PT 174 kronor
* Coca-Cola HBC Rated New Outperform at Bernstein
* Evolution Rated New Buy at Kepler Cheuvreux; PT 1,400 kronor
* Kety Reinstated Buy at Trigon Dom Maklerski; PT 1,000 zloty
* Medicover Rated New Buy at Deutsche Bank; PT 210 kronor
* Straumann Rated New Buy at Equita; PT 140 Swiss francs
USA ja Kanada
Upgrades
** Alamos Gold (AGI CN) Raised to Outperform at National Bank; PT C$33
** Alignment Healthcare (ALHC) Raised to Overweight at Stephens; PT $17
** America's Car-Mart (CRMT) Raised to Overweight at Stephens; PT $50
** Anglogold (AU) Raised to Outperform at RBC; PT $31
** Axon (AXON) Raised to Overweight at Morgan Stanley; PT $700
** CenterPoint Energy (CNP) Raised to Buy at UBS
** Century Aluminum (CENX) Raised to Outperform at Wolfe
** Citigroup (C) Raised to Outperform at KBW; PT $82
** Credo Technology (CRDO) Raised to Buy at BofA; PT $80
** CVS (CVS) Raised to Buy at Deutsche Bank; PT $66
** Dana (DAN) Raised to Outperform at BNPP Exane; PT $16
** DTE Energy (DTE) Raised to Buy at UBS; PT $143
** Integer (ITGR) Raised to Overweight at Wells Fargo; PT $160
** Kroger (KR) Raised to Buy at Jefferies; PT $73
** Nevro (NVRO) Raised to Equal-Weight at Wells Fargo; PT $5
** PTC Therapeutics (PTCT) Raised to Outperform at RBC; PT $63
** State Street (STT) Raised to Outperform at KBW; PT $120
** Synchrony Financial (SYF) Raised to Overweight at Wells Fargo; PT $85
** Upstart (UPST) Raised to Buy at Redburn; PT $95
Downgrades
** Applied Materials (AMAT) Cut to Neutral at President Capital Management
** Cavco Industries (CVCO) Cut to Neutral at Wedbush; PT $480
** Cousins Properties (CUZ) Cut to Market Perform at BMO
** Crane Co. (CR) Cut to Hold at Stifel; PT $176
** EQT Corp (EQT) Cut to Sector Perform at RBC; PT $49
** FedEx (FDX) Cut to Market Perform at Bernstein; PT $316
** Intuitive Surgical (ISRG) Cut to Hold at Mirae Asset Securities
** iRhythm (IRTC) Cut to Equal-Weight at Wells Fargo; PT $86
** JBG SMITH (JBGS) Cut to Underperform at BMO; PT $15
** Kroger (KR) Cut to Market Perform at BMO; PT $60
** Ollie's Bargain (OLLI) Cut to Equal-Weight at Wells Fargo; PT $95
** Parker-Hannifin (PH) Cut to Hold at Stifel; PT $691
** Smith Douglas Homes (SDHC) Cut to Neutral at JPMorgan; PT $36
Initiations
** AGCO (AGCO) Reinstated Equal-Weight at Morgan Stanley; PT $101
** ASM Intl (ASM NA) ADRs Rated New Neutral at BNPP Exane; PT $561
** ASML (ASML NA) ADRs Rated New Outperform at BNPP Exane; PT $858
** Duolingo (DUOL) Rated New Buy at Sealand Securities
** Eversource (ES) Rated New Underperform at Jefferies
** Everus Construction Group (ECG) Rated New Peerperform at Wolfe
** Foraco International (FAR CN) Rated New Buy at Desjardins; PT C$4.25
** Infineon (IFX GR) ADRs Rated New Outperform at BNPP Exane; PT $40
** Lamb Weston (LW) Rated New Market Perform at Bernstein; PT $85
** STMicro (STMPA FP) ADRs Reinstated Neutral at BNPP Exane; PT $28
Upgrades
** Alamos Gold (AGI CN) Raised to Outperform at National Bank; PT C$33
** Alignment Healthcare (ALHC) Raised to Overweight at Stephens; PT $17
** America's Car-Mart (CRMT) Raised to Overweight at Stephens; PT $50
** Anglogold (AU) Raised to Outperform at RBC; PT $31
** Axon (AXON) Raised to Overweight at Morgan Stanley; PT $700
** CenterPoint Energy (CNP) Raised to Buy at UBS
** Century Aluminum (CENX) Raised to Outperform at Wolfe
** Citigroup (C) Raised to Outperform at KBW; PT $82
** Credo Technology (CRDO) Raised to Buy at BofA; PT $80
** CVS (CVS) Raised to Buy at Deutsche Bank; PT $66
** Dana (DAN) Raised to Outperform at BNPP Exane; PT $16
** DTE Energy (DTE) Raised to Buy at UBS; PT $143
** Integer (ITGR) Raised to Overweight at Wells Fargo; PT $160
** Kroger (KR) Raised to Buy at Jefferies; PT $73
** Nevro (NVRO) Raised to Equal-Weight at Wells Fargo; PT $5
** PTC Therapeutics (PTCT) Raised to Outperform at RBC; PT $63
** State Street (STT) Raised to Outperform at KBW; PT $120
** Synchrony Financial (SYF) Raised to Overweight at Wells Fargo; PT $85
** Upstart (UPST) Raised to Buy at Redburn; PT $95
Downgrades
** Applied Materials (AMAT) Cut to Neutral at President Capital Management
** Cavco Industries (CVCO) Cut to Neutral at Wedbush; PT $480
** Cousins Properties (CUZ) Cut to Market Perform at BMO
** Crane Co. (CR) Cut to Hold at Stifel; PT $176
** EQT Corp (EQT) Cut to Sector Perform at RBC; PT $49
** FedEx (FDX) Cut to Market Perform at Bernstein; PT $316
** Intuitive Surgical (ISRG) Cut to Hold at Mirae Asset Securities
** iRhythm (IRTC) Cut to Equal-Weight at Wells Fargo; PT $86
** JBG SMITH (JBGS) Cut to Underperform at BMO; PT $15
** Kroger (KR) Cut to Market Perform at BMO; PT $60
** Ollie's Bargain (OLLI) Cut to Equal-Weight at Wells Fargo; PT $95
** Parker-Hannifin (PH) Cut to Hold at Stifel; PT $691
** Smith Douglas Homes (SDHC) Cut to Neutral at JPMorgan; PT $36
Initiations
** AGCO (AGCO) Reinstated Equal-Weight at Morgan Stanley; PT $101
** ASM Intl (ASM NA) ADRs Rated New Neutral at BNPP Exane; PT $561
** ASML (ASML NA) ADRs Rated New Outperform at BNPP Exane; PT $858
** Duolingo (DUOL) Rated New Buy at Sealand Securities
** Eversource (ES) Rated New Underperform at Jefferies
** Everus Construction Group (ECG) Rated New Peerperform at Wolfe
** Foraco International (FAR CN) Rated New Buy at Desjardins; PT C$4.25
** Infineon (IFX GR) ADRs Rated New Outperform at BNPP Exane; PT $40
** Lamb Weston (LW) Rated New Market Perform at Bernstein; PT $85
** STMicro (STMPA FP) ADRs Reinstated Neutral at BNPP Exane; PT $28
4. detsember Euroopas
Upgrades
* ASR Nederland Raised to Overweight at JPMorgan; PT 58 euros
* Ageas Raised to Overweight at JPMorgan; PT 65 euros
* BE Semiconductor Raised to Buy at BofA
* Besqab Raised to Buy at Kepler Cheuvreux; PT 30 kronor
* Coca-Cola HBC Raised to Outperform at BNPP Exane; PT 3,400 pence
* Epiroc Raised to Overweight at Barclays; PT 205 kronor
* Fresenius Medical Care Raised to Buy at HSBC; PT 48 euros
* Helvetia Raised to Buy at Bank Vontobel; PT 180 Swiss francs
* Hugo Boss Raised to Buy at Baader Helvea; PT 45 euros
* NKT Raised to Buy at Jyske Bank; PT 615 kroner
* Nel Raised to Hold at Nordea; PT 1.40 kroner
* Pernod Ricard Raised to Hold at Deutsche Bank
* Schindler Raised to Overweight at Barclays; PT 258 Swiss francs
* Scor Raised to Neutral at JPMorgan; PT 25 euros
* Spirax Raised to Overweight at Barclays; PT 8,350 pence
* Victrex Raised to Buy at Jefferies; PT 1,140 pence
Downgrades
* Andritz Cut to Underweight at Barclays; PT 40 euros
* Ariston Cut to Equal-Weight at Barclays; PT 3.81 euros
* Bunzl Cut to Hold at HSBC; PT 3,625 pence
* Campari Cut to Hold at Deutsche Bank
* Carlsberg Cut to Neutral at BNPP Exane; PT 795 kroner
* Carlsberg Cut to Sell at Nordea; PT 620 kroner
* Dekuple Cut to Add at IDMidcaps; PT 37 euros
* Heineken Cut to Hold at Deutsche Bank
* Helvetia Cut to Neutral at JPMorgan; PT 170 Swiss francs
* Maersk Cut to Underweight at Morgan Stanley; PT 12,200 kroner
* NN Group Cut to Neutral at JPMorgan; PT 50 euros
* Novartis Cut to Reduce at HSBC; PT 82 Swiss francs
* Orange Cut to Equal-Weight at Morgan Stanley; PT 12.50 euros
* Remy Cointreau Cut to Sell at Deutsche Bank
* Ringkjoebing Landbobank Cut to Sell at ABG; PT 1,000 kroner
* Signify Cut to Underweight at Barclays; PT 18 euros
* Spar Nord Cut to Hold at ABG; PT 140 kroner
* St James’s Place Cut to Reduce at HSBC; PT 790 pence
* Swiss Life Cut to Reduce at HSBC; PT 640 Swiss francs
* Swiss Life Cut to Underweight at JPMorgan; PT 670 Swiss francs
Initiations
* Accelleron Rated New Hold at Jefferies; PT 49 Swiss francs
* Applied Nutrition Rated New Buy at Deutsche Bank; PT 180 pence
* Bossard Rated New Hold at Jefferies; PT 203 Swiss francs
* Burckhardt Rated New Buy at Jefferies; PT 804 Swiss francs
* CompuGroup Reinstated Sell at Hauck & Aufhaeuser; PT 10 euros
* Essentra Rated New Outperform at Davy; PT 170 pence
* Georg Fischer Rated New Buy at Jefferies; PT 82 Swiss francs
* Planisware Rated New Outperform at Oddo BHF; PT 30 euros
* Puig Rated New Buy at Bestinver; PT 23 euros
* SFS Rated New Buy at Jefferies; PT 154 Swiss francs
* Sulzer Rated New Buy at Jefferies; PT 156 Swiss francs
* Thule Rated New Buy at DNB Markets; PT 445 kronor
Upgrades
* ASR Nederland Raised to Overweight at JPMorgan; PT 58 euros
* Ageas Raised to Overweight at JPMorgan; PT 65 euros
* BE Semiconductor Raised to Buy at BofA
* Besqab Raised to Buy at Kepler Cheuvreux; PT 30 kronor
* Coca-Cola HBC Raised to Outperform at BNPP Exane; PT 3,400 pence
* Epiroc Raised to Overweight at Barclays; PT 205 kronor
* Fresenius Medical Care Raised to Buy at HSBC; PT 48 euros
* Helvetia Raised to Buy at Bank Vontobel; PT 180 Swiss francs
* Hugo Boss Raised to Buy at Baader Helvea; PT 45 euros
* NKT Raised to Buy at Jyske Bank; PT 615 kroner
* Nel Raised to Hold at Nordea; PT 1.40 kroner
* Pernod Ricard Raised to Hold at Deutsche Bank
* Schindler Raised to Overweight at Barclays; PT 258 Swiss francs
* Scor Raised to Neutral at JPMorgan; PT 25 euros
* Spirax Raised to Overweight at Barclays; PT 8,350 pence
* Victrex Raised to Buy at Jefferies; PT 1,140 pence
Downgrades
* Andritz Cut to Underweight at Barclays; PT 40 euros
* Ariston Cut to Equal-Weight at Barclays; PT 3.81 euros
* Bunzl Cut to Hold at HSBC; PT 3,625 pence
* Campari Cut to Hold at Deutsche Bank
* Carlsberg Cut to Neutral at BNPP Exane; PT 795 kroner
* Carlsberg Cut to Sell at Nordea; PT 620 kroner
* Dekuple Cut to Add at IDMidcaps; PT 37 euros
* Heineken Cut to Hold at Deutsche Bank
* Helvetia Cut to Neutral at JPMorgan; PT 170 Swiss francs
* Maersk Cut to Underweight at Morgan Stanley; PT 12,200 kroner
* NN Group Cut to Neutral at JPMorgan; PT 50 euros
* Novartis Cut to Reduce at HSBC; PT 82 Swiss francs
* Orange Cut to Equal-Weight at Morgan Stanley; PT 12.50 euros
* Remy Cointreau Cut to Sell at Deutsche Bank
* Ringkjoebing Landbobank Cut to Sell at ABG; PT 1,000 kroner
* Signify Cut to Underweight at Barclays; PT 18 euros
* Spar Nord Cut to Hold at ABG; PT 140 kroner
* St James’s Place Cut to Reduce at HSBC; PT 790 pence
* Swiss Life Cut to Reduce at HSBC; PT 640 Swiss francs
* Swiss Life Cut to Underweight at JPMorgan; PT 670 Swiss francs
Initiations
* Accelleron Rated New Hold at Jefferies; PT 49 Swiss francs
* Applied Nutrition Rated New Buy at Deutsche Bank; PT 180 pence
* Bossard Rated New Hold at Jefferies; PT 203 Swiss francs
* Burckhardt Rated New Buy at Jefferies; PT 804 Swiss francs
* CompuGroup Reinstated Sell at Hauck & Aufhaeuser; PT 10 euros
* Essentra Rated New Outperform at Davy; PT 170 pence
* Georg Fischer Rated New Buy at Jefferies; PT 82 Swiss francs
* Planisware Rated New Outperform at Oddo BHF; PT 30 euros
* Puig Rated New Buy at Bestinver; PT 23 euros
* SFS Rated New Buy at Jefferies; PT 154 Swiss francs
* Sulzer Rated New Buy at Jefferies; PT 156 Swiss francs
* Thule Rated New Buy at DNB Markets; PT 445 kronor
6. detsember Euroopas
Upgrades
* Acciona Energia Raised to Overweight at Morgan Stanley
* Atlantic Lithium Raised to Outperform at Macquarie; PT 16 pence
* BMW Raised to Buy at Jefferies; PT 85 euros
* Develia SA Raised to Buy at Trigon Dom Maklerski; PT 7.50zloty
* Dormakaba Raised to Add at Baader Helvea; PT 716 Swiss francs
* E.On Raised to Overweight at Morgan Stanley; PT 15 euros
* Gjensidige Raised to Buy at SEB Equities; PT 228 kroner
* Halma Raised to Neutral at JPMorgan; PT 2,600 pence
* Hannover Re Raised to Overweight at Morgan Stanley; PT 292 euros
* IMCD Raised to Buy at Kepler Cheuvreux
* Linc Raised to Buy at SEB Equities; PT 89 kronor
* Mersen Raised to Hold at Kepler Cheuvreux
* Metso Raised to Overweight at JPMorgan; PT 11 euros
* Moncler Raised to Buy at Goldman; PT 58.70 euros
* Scor Raised to Overweight at Morgan Stanley; PT 29 euros
* Swiss Re Raised to Equal-Weight at Morgan Stanley
* Trelleborg Raised to Buy at Nordea; PT 450 kronor
* Volati Raised to Buy at Carnegie
Downgrades
* AJ Bell Cut to Hold at Deutsche Bank
* AJ Bell Cut to Hold at Panmure Liberum(Earlier)
* Atal Cut to Hold at Trigon Dom Maklerski; PT 60 zloty
* Boliden Cut to Underperform at RBC; PT 290 kronor
* CVC Capital Cut to Hold at ING; PT 22.40 euros
* Energean Cut to Hold at Berenberg
* Mercedes Cut to Hold at Jefferies; PT 60 euros
* Munich Re Cut to Equal-Weight at Morgan Stanley; PT 523 euros
* Murapol Cut to Hold at Trigon Dom Maklerski; PT 40 zloty
* Orsted Cut to Equal-Weight at Morgan Stanley; PT 480 kroner
* Redeia Cut to Underweight at Morgan Stanley; PT 16 euros
* Safran Cut to Neutral at CIC
* Schindler Cut to Underweight at JPMorgan; PT 245 Swiss francs
* Severn Trent Cut to Hold at Jefferies; PT 2,830 pence
* Spirax Cut to Neutral at JPMorgan; PT 7,800 pence
* United Utilities Cut to Hold at Jefferies; PT 1,190 pence
* Wavestone Cut to Hold at Stifel; PT 45 euros
Initiations
* AO World Rated New Buy at HSBC; PT 125 pence
* FLSmidth Rated New Underweight at Barclays; PT 315 kroner
* Norva24 Group Rated New Buy at Kepler Cheuvreux; PT 34 kronor
* Restore Rated New Buy at Stifel; PT 360 pence
* Rogaland Sparebank Rated New Buy at Kepler Cheuvreux
* TXT e-solutions Rated New Buy at Stifel; PT 47 euros
* Troax Rated New Buy at SEB Equities; PT 260 kronor
Upgrades
* Acciona Energia Raised to Overweight at Morgan Stanley
* Atlantic Lithium Raised to Outperform at Macquarie; PT 16 pence
* BMW Raised to Buy at Jefferies; PT 85 euros
* Develia SA Raised to Buy at Trigon Dom Maklerski; PT 7.50zloty
* Dormakaba Raised to Add at Baader Helvea; PT 716 Swiss francs
* E.On Raised to Overweight at Morgan Stanley; PT 15 euros
* Gjensidige Raised to Buy at SEB Equities; PT 228 kroner
* Halma Raised to Neutral at JPMorgan; PT 2,600 pence
* Hannover Re Raised to Overweight at Morgan Stanley; PT 292 euros
* IMCD Raised to Buy at Kepler Cheuvreux
* Linc Raised to Buy at SEB Equities; PT 89 kronor
* Mersen Raised to Hold at Kepler Cheuvreux
* Metso Raised to Overweight at JPMorgan; PT 11 euros
* Moncler Raised to Buy at Goldman; PT 58.70 euros
* Scor Raised to Overweight at Morgan Stanley; PT 29 euros
* Swiss Re Raised to Equal-Weight at Morgan Stanley
* Trelleborg Raised to Buy at Nordea; PT 450 kronor
* Volati Raised to Buy at Carnegie
Downgrades
* AJ Bell Cut to Hold at Deutsche Bank
* AJ Bell Cut to Hold at Panmure Liberum(Earlier)
* Atal Cut to Hold at Trigon Dom Maklerski; PT 60 zloty
* Boliden Cut to Underperform at RBC; PT 290 kronor
* CVC Capital Cut to Hold at ING; PT 22.40 euros
* Energean Cut to Hold at Berenberg
* Mercedes Cut to Hold at Jefferies; PT 60 euros
* Munich Re Cut to Equal-Weight at Morgan Stanley; PT 523 euros
* Murapol Cut to Hold at Trigon Dom Maklerski; PT 40 zloty
* Orsted Cut to Equal-Weight at Morgan Stanley; PT 480 kroner
* Redeia Cut to Underweight at Morgan Stanley; PT 16 euros
* Safran Cut to Neutral at CIC
* Schindler Cut to Underweight at JPMorgan; PT 245 Swiss francs
* Severn Trent Cut to Hold at Jefferies; PT 2,830 pence
* Spirax Cut to Neutral at JPMorgan; PT 7,800 pence
* United Utilities Cut to Hold at Jefferies; PT 1,190 pence
* Wavestone Cut to Hold at Stifel; PT 45 euros
Initiations
* AO World Rated New Buy at HSBC; PT 125 pence
* FLSmidth Rated New Underweight at Barclays; PT 315 kroner
* Norva24 Group Rated New Buy at Kepler Cheuvreux; PT 34 kronor
* Restore Rated New Buy at Stifel; PT 360 pence
* Rogaland Sparebank Rated New Buy at Kepler Cheuvreux
* TXT e-solutions Rated New Buy at Stifel; PT 47 euros
* Troax Rated New Buy at SEB Equities; PT 260 kronor
9. detsember Euroopas
Upgrades
• 1&1 Raised to Buy at Goldman; PT 15 euros
• ABB Raised to Equal-Weight at Morgan Stanley; PT 48 Swiss francs
• AJ Bell Raised to Buy at Shore Capital
• Atlas Copco Raised to Equal-Weight at Morgan Stanley
• BASF Raised to Buy at M.M. Warburg; PT 52.60 euros
• Enento Group Raised to Accumulate at Inderes; PT 19 euros
• Equinor Raised to Overweight at JPMorgan; PT 330 kroner
• Groupe LDLC Raised to Hold at TP ICAP Midcap; PT 9.80 euros
• INWIT Raised to Buy at Goldman; PT 13.50 euros
• Neste Raised to Neutral at JPMorgan; PT 17 euros
• Nokia Raised to Overweight at JPMorgan; PT 6.05 euros
• Prodways Raised to Strong Buy at Portzamparc; PT 74 euro cents
• Rexel Raised to Overweight at Morgan Stanley; PT 29 euros
• Spirax Raised to Overweight at Morgan Stanley; PT 8,500 pence
• Team17 Raised to Buy at Jefferies; PT 360 pence
• Tenaris Raised to Buy at Jefferies; PT 22 euros
• Weir Group PLC/The Raised to Overweight at Morgan Stanley
Downgrades
• Ashtead Cut to Hold at Deutsche Bank
• Baltic Classifieds Group Cut to Hold at Deutsche Bank
• DocMorris AG Cut to Market Perform at ZKB
• Enea Cut to Neutral at Citi; PT 12.50 zloty
• Epiroc Cut to Underweight at Morgan Stanley; PT 182 kronor
• Frasers Group Cut to Equal-Weight at Barclays; PT 760 pence
• Freenet Cut to Sell at Goldman; PT 28.50 euros
• Iveco Cut to Hold at Deutsche Bank
• Kone Cut to Underweight at Morgan Stanley; PT 44 euros
• Neste Cut to Neutral at Citi; PT 16 euros
• Pepco Group Cut to Sell at Trigon Dom Maklerski; PT 13.50 zloty
• Repsol Cut to Underweight at JPMorgan; PT 12.50 euros
• STMicro Cut to Neutral at JPMorgan; PT 30 euros
• Signify Cut to Equal-Weight at Morgan Stanley; PT 25 euros
• Vodafone Cut to Neutral at Goldman; PT 83 pence Initiations
• Pharming Rated New Buy at Jefferies; PT 1.40 euros
• Serica Rated New Buy at Canaccord; PT 195 pence
Upgrades
• 1&1 Raised to Buy at Goldman; PT 15 euros
• ABB Raised to Equal-Weight at Morgan Stanley; PT 48 Swiss francs
• AJ Bell Raised to Buy at Shore Capital
• Atlas Copco Raised to Equal-Weight at Morgan Stanley
• BASF Raised to Buy at M.M. Warburg; PT 52.60 euros
• Enento Group Raised to Accumulate at Inderes; PT 19 euros
• Equinor Raised to Overweight at JPMorgan; PT 330 kroner
• Groupe LDLC Raised to Hold at TP ICAP Midcap; PT 9.80 euros
• INWIT Raised to Buy at Goldman; PT 13.50 euros
• Neste Raised to Neutral at JPMorgan; PT 17 euros
• Nokia Raised to Overweight at JPMorgan; PT 6.05 euros
• Prodways Raised to Strong Buy at Portzamparc; PT 74 euro cents
• Rexel Raised to Overweight at Morgan Stanley; PT 29 euros
• Spirax Raised to Overweight at Morgan Stanley; PT 8,500 pence
• Team17 Raised to Buy at Jefferies; PT 360 pence
• Tenaris Raised to Buy at Jefferies; PT 22 euros
• Weir Group PLC/The Raised to Overweight at Morgan Stanley
Downgrades
• Ashtead Cut to Hold at Deutsche Bank
• Baltic Classifieds Group Cut to Hold at Deutsche Bank
• DocMorris AG Cut to Market Perform at ZKB
• Enea Cut to Neutral at Citi; PT 12.50 zloty
• Epiroc Cut to Underweight at Morgan Stanley; PT 182 kronor
• Frasers Group Cut to Equal-Weight at Barclays; PT 760 pence
• Freenet Cut to Sell at Goldman; PT 28.50 euros
• Iveco Cut to Hold at Deutsche Bank
• Kone Cut to Underweight at Morgan Stanley; PT 44 euros
• Neste Cut to Neutral at Citi; PT 16 euros
• Pepco Group Cut to Sell at Trigon Dom Maklerski; PT 13.50 zloty
• Repsol Cut to Underweight at JPMorgan; PT 12.50 euros
• STMicro Cut to Neutral at JPMorgan; PT 30 euros
• Signify Cut to Equal-Weight at Morgan Stanley; PT 25 euros
• Vodafone Cut to Neutral at Goldman; PT 83 pence Initiations
• Pharming Rated New Buy at Jefferies; PT 1.40 euros
• Serica Rated New Buy at Canaccord; PT 195 pence
10. detsember Euroopas
Upgrades
* Airbus Raised to Buy at CIC; PT 180 euros
* Avacta Group Raised to Hold at Deutsche Bank; PT 40 pence
* British Land Raised to Buy at Goldman; PT 500 pence
* CCC Raised to Neutral at Citi; PT 199 zloty
* Capgemini Raised to Buy at CIC
* DWS Raised to Overweight at JPMorgan; PT 48 euros
* Europris Raised to Buy at DNB Markets; PT 85 kroner
* Hikma Raised to Outperform at RBC
* Melia Hotels Raised to Outperform at BNPP Exane; PT 9 euros
* Rockwool Raised to Buy at Carnegie; PT 3,350 kroner
* Swissquote Raised to Add at AlphaValue/Baader
* Telecom Italia Raised to Overweight at Barclays
* Unite Group Raised to Overweight at JPMorgan; PT 1,070 pence
Downgrades
* Aker Solutions Cut to Hold at Pareto Securities; PT 33 kroner
* Allfunds Cut to Underperform at Oddo BHF; PT 4.60 euros
* BT Cut to Equal-Weight at Barclays; PT 190 pence
* Cofinimmo Cut to Underweight at JPMorgan; PT 63 euros
* CompuGroup Cut to Hold at Berenberg; PT 22 euros
* EDP Renovaveis Cut to Hold at HSBC; PT 11.70 euros
* EDP SA Cut to Hold at HSBC; PT 3.80 euros
* FCC Cut to Add at AlphaValue/Baader
* Gecina Cut to Neutral at JPMorgan; PT 110 euros
* KPN Cut to Equal-Weight at Barclays; PT 4.20 euros
* Klepierre Cut to Underweight at JPMorgan; PT 30 euros
* Kojamo Cut to Underweight at JPMorgan; PT 10.50 euros
* LondonMetric Cut to Neutral at JPMorgan; PT 226 pence
* Ninety One Cut to Underweight at JPMorgan; PT 159 pence
* Schroders Cut to Neutral at JPMorgan; PT 353 pence
* Snam Cut to Hold at HSBC; PT 4.90 euros
Initiations
* Cambi Rated New Buy at Pareto Securities; PT 19 kroner
* Carbios SACA Rated New Buy at Stifel; PT 19 euros
* DSV Rated New Outperform at Wolfe; PT 1,900 kroner
* Embla Medical HF Rated New Buy at Intron Health; PT 56 kroner
* Jubilee Metals Group Reinstated Outperform at RBC; PT 8.30 pence
* SOL Rated New Buy at Equita; PT 46 euros
* SSP Reinstated Buy at Kepler Cheuvreux; PT 235 pence
* Schneider Electric Rated New Equal-Weight at Oxcap
* Truecaller Rated New Buy at Nordea; PT 62 kronor
Upgrades
* Airbus Raised to Buy at CIC; PT 180 euros
* Avacta Group Raised to Hold at Deutsche Bank; PT 40 pence
* British Land Raised to Buy at Goldman; PT 500 pence
* CCC Raised to Neutral at Citi; PT 199 zloty
* Capgemini Raised to Buy at CIC
* DWS Raised to Overweight at JPMorgan; PT 48 euros
* Europris Raised to Buy at DNB Markets; PT 85 kroner
* Hikma Raised to Outperform at RBC
* Melia Hotels Raised to Outperform at BNPP Exane; PT 9 euros
* Rockwool Raised to Buy at Carnegie; PT 3,350 kroner
* Swissquote Raised to Add at AlphaValue/Baader
* Telecom Italia Raised to Overweight at Barclays
* Unite Group Raised to Overweight at JPMorgan; PT 1,070 pence
Downgrades
* Aker Solutions Cut to Hold at Pareto Securities; PT 33 kroner
* Allfunds Cut to Underperform at Oddo BHF; PT 4.60 euros
* BT Cut to Equal-Weight at Barclays; PT 190 pence
* Cofinimmo Cut to Underweight at JPMorgan; PT 63 euros
* CompuGroup Cut to Hold at Berenberg; PT 22 euros
* EDP Renovaveis Cut to Hold at HSBC; PT 11.70 euros
* EDP SA Cut to Hold at HSBC; PT 3.80 euros
* FCC Cut to Add at AlphaValue/Baader
* Gecina Cut to Neutral at JPMorgan; PT 110 euros
* KPN Cut to Equal-Weight at Barclays; PT 4.20 euros
* Klepierre Cut to Underweight at JPMorgan; PT 30 euros
* Kojamo Cut to Underweight at JPMorgan; PT 10.50 euros
* LondonMetric Cut to Neutral at JPMorgan; PT 226 pence
* Ninety One Cut to Underweight at JPMorgan; PT 159 pence
* Schroders Cut to Neutral at JPMorgan; PT 353 pence
* Snam Cut to Hold at HSBC; PT 4.90 euros
Initiations
* Cambi Rated New Buy at Pareto Securities; PT 19 kroner
* Carbios SACA Rated New Buy at Stifel; PT 19 euros
* DSV Rated New Outperform at Wolfe; PT 1,900 kroner
* Embla Medical HF Rated New Buy at Intron Health; PT 56 kroner
* Jubilee Metals Group Reinstated Outperform at RBC; PT 8.30 pence
* SOL Rated New Buy at Equita; PT 46 euros
* SSP Reinstated Buy at Kepler Cheuvreux; PT 235 pence
* Schneider Electric Rated New Equal-Weight at Oxcap
* Truecaller Rated New Buy at Nordea; PT 62 kronor
11. detsember Euroopas
Upgrades
* Accsys Tech Raised to Outperform at Oddo BHF; PT 82.44 pence
* Avantium Raised to Neutral at Oddo BHF; PT 2.20 euros
* IAG Raised to Buy at Deutsche Bank
* James Fisher Raised to Buy at Canaccord; PT 375 pence
* Lem Raised to Buy at Kepler Cheuvreux
* Man Group Raised to Buy at Canaccord; PT 272 pence
* Melia Hotels Raised to Buy at Deutsche Bank
* PSCF SW Raised to Outperform at ZKB
* Publicis Raised to Overweight at JPMorgan; PT 140 euros
* RTL Raised to Overweight at JPMorgan
* Reckitt Raised to Buy at HSBC; PT 5,500 pence
* SocGen Raised to Outperform at KBW; PT 32 euros
Downgrades
* ADP Cut to Hold at Deutsche Bank
* Aena Cut to Neutral at UBS; PT 215 euros
* Aena Cut to Sell at Deutsche Bank; PT 175 euros
* Aker Solutions Cut to Neutral at JPMorgan; PT 40 kroner
* Ashtead Cut to Neutral at Goldman; PT 6,600 pence
* Baillie Gifford US Growth Trust Cut to Hold at Stifel
* Domino’s Pizza Group Cut to Sell at Redburn; PT 271 pence
* Dustin Cut to Hold at Kepler Cheuvreux; PT 4.70 kronor
* Evonik Cut to Underweight at Morgan Stanley; PT 18.60 euros
* Orsted Cut to Underperform at Grupo Santander; PT 394 kroner
* Siemens Energy Cut to Sell at DZ Bank; PT 38 euros
* Solvalor 61 Cut to Underperform at ZKB
* Technip Energies Cut to Underweight at JPMorgan; PT 26 euros
Initiations
* Adyen Reinstated Buy at William O’Neil
* FLSmidth Rated New Buy at Kepler Cheuvreux; PT 448 kroner
* Genus Rated New Buy at Shore Capital
* Kuehne + Nagel Rated New Sell at Octavian; PT 180 Swiss francs
* Origin Reinstated Buy at Panmure Liberum; PT 5 euros
* Scandinavian Astor Group Rated New Buy at Pareto Securities
* Tekmar Rated New Corporate at Cavendish; PT 20 pence
Upgrades
* Accsys Tech Raised to Outperform at Oddo BHF; PT 82.44 pence
* Avantium Raised to Neutral at Oddo BHF; PT 2.20 euros
* IAG Raised to Buy at Deutsche Bank
* James Fisher Raised to Buy at Canaccord; PT 375 pence
* Lem Raised to Buy at Kepler Cheuvreux
* Man Group Raised to Buy at Canaccord; PT 272 pence
* Melia Hotels Raised to Buy at Deutsche Bank
* PSCF SW Raised to Outperform at ZKB
* Publicis Raised to Overweight at JPMorgan; PT 140 euros
* RTL Raised to Overweight at JPMorgan
* Reckitt Raised to Buy at HSBC; PT 5,500 pence
* SocGen Raised to Outperform at KBW; PT 32 euros
Downgrades
* ADP Cut to Hold at Deutsche Bank
* Aena Cut to Neutral at UBS; PT 215 euros
* Aena Cut to Sell at Deutsche Bank; PT 175 euros
* Aker Solutions Cut to Neutral at JPMorgan; PT 40 kroner
* Ashtead Cut to Neutral at Goldman; PT 6,600 pence
* Baillie Gifford US Growth Trust Cut to Hold at Stifel
* Domino’s Pizza Group Cut to Sell at Redburn; PT 271 pence
* Dustin Cut to Hold at Kepler Cheuvreux; PT 4.70 kronor
* Evonik Cut to Underweight at Morgan Stanley; PT 18.60 euros
* Orsted Cut to Underperform at Grupo Santander; PT 394 kroner
* Siemens Energy Cut to Sell at DZ Bank; PT 38 euros
* Solvalor 61 Cut to Underperform at ZKB
* Technip Energies Cut to Underweight at JPMorgan; PT 26 euros
Initiations
* Adyen Reinstated Buy at William O’Neil
* FLSmidth Rated New Buy at Kepler Cheuvreux; PT 448 kroner
* Genus Rated New Buy at Shore Capital
* Kuehne + Nagel Rated New Sell at Octavian; PT 180 Swiss francs
* Origin Reinstated Buy at Panmure Liberum; PT 5 euros
* Scandinavian Astor Group Rated New Buy at Pareto Securities
* Tekmar Rated New Corporate at Cavendish; PT 20 pence
- detsember Euroopas
Upgrades
- AXA Raised to Outperform at Bernstein
- Acerinox Raised to Buy at CaixaBank BPI; PT 12 euros
- Alfa Laval Raised to Outperform at RBC; PT 570 kronor
- Allianz Raised to Outperform at Bernstein
- EFG International Raised to Buy at UBS
- Etablissements Maurel et Prom SA Raised to Buy at CIC
- Grenergy Renovables Raised to Buy at Alantra Equities
- IAG Raised to Add at AlphaValue/Baader
- Kemira Raised to Buy at SEB Equities; PT 23 euros
- Nokia Raised to Buy at DNB Markets; PT 5.20 euros
Downgrades
- DFDS Cut to Hold at Carnegie; PT 173 kroner
- Exclusive Networks Cut to Neutral at Bryan Garnier
- Generali Cut to Market Perform at Bernstein
- OSB Group Cut to Hold at Peel Hunt; PT 414 pence
- Ubisoft Cut to Hold at Stifel; PT 13 euros
Initiations
- Canal+ Rated New Overweight at Barclays; PT 280 pence
- Halma Rated New Overweight at Oxcap; PT 3,500 pence
- Havas Rated New Overweight at Barclays; PT 2.15 euros
- Hexatronic Rated New Buy at Kepler Cheuvreux; PT 47 kronor
- Quadient Rated New Buy at TP ICAP Midcap; PT 29 euros
- Solstad Reinstated Buy at Fearnley; PT 63 kroner
- Tekova Rated New Reduce at Inderes; PT 95 euro cents
- VAT Rated New Neutral at Goldman; PT 363 Swiss francs
USA ja Kanada
Upgrades
** Azenta Inc (AZTA) Raised to Overweight at Stephens; PT $60
** BILL Holdings Inc (BILL) Raised to Overweight at KeyBanc; PT $115
** Citizens Financial (CFG) Raised to Strong Buy at Raymond James; PT $55
** Dow (DOW) Raised to Outperform at Evercore ISI; PT $56
** Expedia (EXPE) Raised to Buy at BofA; PT $221
** Fiserv (FI) Raised to Overweight at Stephens; PT $255
** Liberty Formula One (FWONA) Raised to Overweight at Morgan Stanley
** MSCI (MSCI) Raised to Buy at Goldman; PT $723
** Oceaneering (OII) Raised to Equal-Weight at Barclays; PT $26
** Ollie’s Bargain (OLLI) Raised to Buy at Citi; PT $133
** Packaging Corp (PKG) Raised to Buy at Jefferies; PT $280
** Principal Financial (PFG) Raised to Overweight at Piper Sandler
** Q2 Holdings (QTWO) Raised to Overweight at KeyBanc; PT $126
** Quebecor (QBR/B CN) Raised to Outperform at RBC; PT C$39
** RioCan REIT (REI-U CN) Raised to Outperform at BMO; PT C$20.50
** Transocean (RIG) Raised to Overweight at Barclays; PT $4.50
** Westlake Corp (WLK) Raised to Buy at Citi; PT $140
** Workiva (WK) Raised to Buy at Stifel; PT $130
** Xometry (XMTR) Raised to Overweight at JPMorgan; PT $45
Downgrades
** Angi Inc (ANGI) Cut to Neutral at JPMorgan
** Antero Midstream Corp (AM) Cut to Equal-Weight at Wells Fargo; PT $16
** Axalta (AXTA) Cut to Neutral at Citi; PT $41
** Boardwalk REIT (BEI-U CN) Cut to Market Perform at BMO; PT C$73
** Eastman Chemical (EMN) Cut to Neutral at Citi; PT $104
** Electronic Arts (EA) Cut to Hold at Stifel; PT $167
** Enterprise Products (EPD) Cut to Equal-Weight at Wells Fargo; PT $35
** Fluence Energy (FLNC) Cut to Neutral at Baird; PT $20
** Fluor (FLR) Cut to Neutral at Baird; PT $58
** Getty Images (GETY) Cut to Underweight at JPMorgan
** Gibson Energy (GEI CN) Cut to Equal-Weight at Wells Fargo; PT C$25
** Halliburton (HAL) Cut to Equal-Weight at Barclays; PT $33
** Match Group (MTCH) Cut to Neutral at JPMorgan; PT $33
** Oneok (OKE) Cut to Equal-Weight at Wells Fargo; PT $107
** Pactiv Evergreen (PTVE) Cut to Hold at Jefferies; PT $18
** Pembina Pipeline (PPL CN) Cut to Equal-Weight at Wells Fargo; PT C$57
** Plains All American (PAA) Cut to Equal-Weight at Wells Fargo; PT $20
** Plains GP (PAGP) Cut to Equal-Weight at Wells Fargo; PT $20
** Playstudios (MYPS) Cut to Underweight at JPMorgan
** RenaissanceRe (RNR) Cut to Hold at Jefferies; PT $282
** Rivian (RIVN) Cut to Neutral at Baird; PT $16
** SBA Comms (SBAC) Cut to Market Perform at BMO; PT $230
** South Bow (SOBO CN) Cut to Underweight at Wells Fargo; PT C$31
** Tesla (TSLA) Cut to Sell at Punto Casa de Bolsa; PT $364.44
** Valaris (VAL) Cut to Equal-Weight at Barclays; PT $49
Initiations
** Academy Sports & Outdoors (ASO) Rated New Buy at Citi; PT $65
** Blend Labs (BLND) Rated New Market Outperform at JMP; PT $7
** Box (BOX) Reinstated Buy at DA Davidson; PT $45
** CompoSecure (CMPO) Rated New Buy at TD Cowen; PT $20
** CrowdStrike (CRWD) Rated New Neutral at CTBC Securities; PT $392
** DoubleVerify (DV) Rated New Outperform at Raymond James; PT $25
** Finwise (FINW) Rated New Outperform at Raymond James; PT $21
** Kairos Pharma (KAPA) Rated New Buy at Rodman & Renshaw; PT $12
** Lantheus (LNTH) Rated New Buy at Goldman; PT $143
** On Holding (ONON) Rated New Neutral at Citi; PT $65
** Palvella Therapeutics In (PVLA) Rated New Overweight at Cantor; PT $30
** Quince Therapeutics Inc (QNCX) Rated New Buy at Brookline Capital
** Real Brokerage (REAX) Rated New Buy at BTIG; PT $6
** Rocket Pharma (RCKT) Rated New Buy at Jefferies; PT $29
** Spotify (SPOT) Rated New Buy at SPDB Intl HK; PT $555
** Strawberry Fields REIT (STRW) Rated New Buy at Janney Montgomery
** Tencent Music (TME) ADRs Rated New Buy at SPDB Intl HK; PT $14.50
** Tetra Technologies (TTI) Rated New Buy at Clear Street; PT $8
** US Gold (USAU) Reinstated Buy at Roth Capital Partners; PT $10
1 Like
- detsember Euroopas
Upgrades
- Getinge Raised to Hold at Nordea
- Nemetschek Raised to Buy at Baader Helvea; PT 118 euros
Downgrades
- 11 bit studios Cut to Hold at Trigon Dom Maklerski; PT 186zloty
- AFRY Cut to Hold at Handelsbanken
- Kamux Cut to Reduce at Inderes; PT 2.80 euros
- Munich Re Cut to Neutral at UBS
- Netcompany Cut to Hold at Carnegie; PT 350 kroner
- Spar Nord Cut to Hold at SEB Equities; PT 210 kroner
- Zurich Ins. Cut to Sell at UBS
Initiations
- Aurubis Rated New Buy at Kepler Cheuvreux; PT 93.70 euros
- Canal+ Rated New Buy at CIC; PT 450 pence
- Flowtech Fluidpower Rated New Buy at Canaccord; PT 130 pence
- HUTCHMED China Rated New Buy at Daiwa; PT 364.65 pence
- Havas NV Rated New Buy at CIC; PT 2.20 euros
- Havas Rated New Outperform at Oddo BHF; PT 2.30 euros
- Norion Bank Rated New Hold at Kepler Cheuvreux; PT 42 kronor
- detsember Euroopas
Upgrades
- Atrium Ljungberg Raised to Hold at DNB Markets; PT 200 kronor
- Fraport Raised to Overweight at JPMorgan; PT 66 euros
- IAG Raised to Buy at Goodbody; PT 400 pence
- Keskisuomalainen Raised to Accumulate at Inderes; PT 7.50 euros
- Rejlers Raised to Buy at Handelsbanken
- Sobi Raised to Buy at DNB Markets; PT 355 kronor
- Tomra Raised to Buy at Pareto Securities; PT 170 kroner
- Wetteri Oyj Raised to Reduce at Inderes; PT 30 euro cents
Downgrades
- Carbios SACA Cut to Neutral at Oddo BHF; PT 9 euros
- Kamux Cut to Hold at Carnegie; PT 2.80 euros
- Optima bank Cut to Hold at Alpha Finance; PT 13.90 euros
- Serabi Gold Cut to Add at Peel Hunt; PT 140 pence
- SoftwareONE Cut to Neutral at BNPP Exane; PT 6.80 Swiss francs
- TeamViewer Cut to Neutral at Goldman; PT 12 euros
- jaanuar Euroopas
Upgrades
- Aker BP Raised to Buy at SEB Equities; PT 260 kroner
- Antin Raised to Buy at Citi; PT 14.90 euros
- Antofagasta Raised to Buy at Canaccord; PT 2,065 pence
- Barratt Redrow PLC Raised to Buy at Redburn; PT 540 pence
- CVC Capital Raised to Buy at Citi; PT 25.30 euros
- Currys Raised to Neutral at BNPP Exane
- EnQuest Raised to Buy at Jefferies; PT 15 pence
- Experian Raised to Outperform at RBC; PT 4,200 pence
- Hermes Raised to Buy at Stifel; PT 2,560 euros
- IPC Raised to Buy at Jefferies; PT 140 kronor
- Medacta Raised to Overweight at Morgan Stanley
- Oxford Nanopore Raised to Hold at Stifel; PT 135 pence
- Persimmon Raised to Buy at Redburn; PT 1,510 pence
- Rexel Raised to Outperform at Bernstein
- Sandvik Raised to Market Perform at Bernstein
- Spectris Raised to Buy at HSBC; PT 2,900 pence
Downgrades
- ABB Cut to Underperform at Bernstein
- Berkeley Cut to Neutral at Redburn; PT 4,460 pence
- Crest Nicholson Cut to Neutral at Redburn; PT 186 pence
- Energean Cut to Underperform at Jefferies; PT 800 pence
- Epiroc Cut to Underperform at Bernstein
- Equinor Cut to Neutral at SpareBank; PT 290 kroner
- Nexans Cut to Market Perform at Bernstein
- Rolls-Royce Cut to Neutral at Citi; PT 641 pence
- Royal Unibrew Cut to Equal-Weight at Barclays; PT 653 kroner
- Signify Cut to Market Perform at Bernstein
- Unilever Cut to Underperform at RBC; PT 4,000 pence
Initiations
- Bytes Technology Rated New Buy at Investec; PT 600 pence
- Ebiquity Rated New Buy at Cavendish; PT 78 pence