- aprill Euroopas
Upgrades
- ABB Raised to Buy at Kepler Cheuvreux
- Adidas Raised to Buy at M.M. Warburg; PT 250 euros
- 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
- MPC Container Ships Raised to Hold at DNB Markets
- Saab Raised to Hold at Danske Bank Markets; PT 390 kronor
- Taaleri Plc Raised to Buy at Inderes; PT 9 euros
- Vidrala Raised to Outperform at Grupo Santander; PT 111 euros
Downgrades
- Aena Cut to Sell at Goldman; PT 189 euros
- EQT Cut to Neutral at JPMorgan; PT 269 kronor
- ERG Cut to Equal-Weight at Barclays; PT 20 euros
- Embla Medical HF Cut to Sell at Danske Bank Markets
- 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
- Scatec Cut to Equal-Weight at Barclays
Initiations
- 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
- aprill Euroopas
Upgrades
- ASM Intl Raised to Buy at KBC Securities; PT 486 euros
- Aubay Raised to Buy at IDMidcaps; PT 49 euros
- BE Semiconductor Raised to Buy at KBC Securities; PT 110 euros
- CA Immo Raised to Buy at Erste Group; PT 28 euros
- Europris Raised to Buy at Arctic Securities; PT 85 kroner
- Fresnillo Raised to Add at Peel Hunt; PT 1,010 pence
- Hexagon Raised to Accumulate at Inderes; PT 100 kronor
- Hiab Raised to Hold at Kepler Cheuvreux
- Hilton Food Raised to Buy at Investec; PT 940 pence
- Intesa Sanpaolo Raised to Buy at Kepler Cheuvreux
- K+S Raised to Hold at Stifel; PT 14.50 euros
- Konecranes Raised to Buy at Kepler Cheuvreux
- Magyar Telekom Raised to Buy at Erste Group; PT 1,940 forint
- Raiffeisen Raised to Buy at Erste Group; PT 29 euros
- Scout24 Raised to Outperform at BNPP Exane
- Swedbank Raised to Buy at Arctic Securities; PT 250 kronor
Downgrades
- BP Cut to Neutral at UBS
- Croda Cut to Sell at Goldman
- Detection Tech Oy Cut to Accumulate at Inderes; PT 15 euros
- Equita Cut to Hold at Kepler Cheuvreux
- Fuchs Cut to Hold at M.M. Warburg; PT 43 euros
- HelloFresh Cut to Neutral at JPMorgan; PT 9 euros
- Hemnet Cut to Neutral at BNPP Exane
- Lanxess Cut to Sell at Goldman
- Schroders Cut to Underperform at BofA
- Snam Cut to Sell at Citi; PT 4.30 euros
Initiations
- Cellectis Reinstated Outperform at Oddo BHF; PT 6.50 euros
- Clerhp Estructuras Rated New Buy at JB Capital Markets
- Elia Group Rated New Outperform at Grupo Santander; PT 98 euros
- Eolus Vind Rated New Reduce at Kepler Cheuvreux; PT 30 kronor
- JTC PLC Rated New Overweight at Barclays; PT 1,120 pence
- Thyssenkrupp Reinstated Hold at Deutsche Bank; PT 10 euros
- Wilmington Rated New Buy at Berenberg; PT 460 pence
- aprill Euroopas
Upgrades
- ADP Raised to Neutral at Grupo Santander; PT 109 euros
- Cerillion Raised to Buy at Deutsche Bank; PT 1,550 pence
- DiscoverIE Raised to Outperform at RBC; PT 600 pence
- Enento Group Raised to Accumulate at Inderes; PT 16.50 euros
- Equinor Raised to Neutral at Oddo BHF; PT 255 kroner
- JD Sports Raised to Equal-Weight at Barclays; PT 80 pence
- LSE Group Raised to Buy at Deutsche Bank; PT 12,600 pence
- Lassila & Tikanoja Raised to Buy at Inderes; PT 10 euros
- NKT Raised to Overweight at Barclays; PT 597 kroner
- Next Raised to Buy at Goldman; PT 14,000 pence
- Nokia Raised to Buy at AlphaValue/Baader
- Pandora Raised to Buy at Jyske Bank; PT 1,200 kroner
- Prodways Raised to Buy at TP ICAP Midcap; PT 90 euro cents
- Rotork Raised to Outperform at RBC
- Tecnicas Reunidas Raised to Buy at Bestinver; PT 16.70 euros
- TotalEnergies Raised to Outperform at BNPP Exane; PT 55 euros
- VP Raised to Buy at Peel Hunt; PT 650 pence
- Volvo Raised to Outperform at RBC; PT 295 kronor
- Wartsila Raised to Buy at Kepler Cheuvreux
Downgrades
- Arcadis Cut to Hold at ING; PT 49 euros
- Atlas Copco Cut to Neutral at Redburn; PT 170 kronor
- Avolta Cut to Reduce at AlphaValue/Baader
- Barry Callebaut Cut to Equal-Weight at Barclays
- Corbion Cut to Sell at Berenberg; PT 16 euros
- Domino’s Pizza Group Cut to Underweight at Barclays
- Grupo Catalana Occidente Cut to Neutral at JB Capital Markets
- H&M Cut to Add at AlphaValue/Baader
- Il Sole 24 Ore Cut to Neutral at Banca Akros (ESN)
- Interparfums Cut to Hold at Kepler Cheuvreux
- LVMH Cut to Equal-Weight at Morgan Stanley; PT 590 euros
- Nestle Cut to Neutral at BNPP Exane; PT 90 Swiss francs
- Repsol Cut to Underperform at BNPP Exane; PT 8 euros
- Salzgitter Cut to Underperform at Oddo BHF; PT 21 euros
- Siltronic Cut to Neutral at BNPP Exane; PT 36 euros
- TT Electronics Cut to Sector Perform at RBC
- Tele2 Cut to Hold at DNB Markets; PT 140 kronor
- Theon International Cut to Hold at Marex; PT 26.30 euros
Initiations
- Adidas Rated New Hold at Berenberg; PT 230 euros
- Aixtron Rated New Hold at HSBC; PT 9.80 euros
- FRoSTA Rated New Buy at Hauck & Aufhaeuser; PT 110 euros
- Puma Rated New Buy at Berenberg; PT 40 euros
1 Like
- aprill Euroopas
Upgrades
- Assystem Raised to Neutral at Invest Securities SA; PT 32 euros
- ConvaTec Raised to Neutral at BofA
- Cyfrowy Raised to Outperform at Santander Biuro Maklerskie
- Delivery Hero Raised to Neutral at Citi; PT 23.50 euros
- Ericsson Raised to Hold at Kepler Cheuvreux
- Fortnox Raised to Equal-Weight at Morgan Stanley
- Greatland Gold Raised to Buy at Canaccord; PT 25 pence
- Hollywood Bowl Raised to Buy at Peel Hunt
- Maersk Raised to Neutral at Citi; PT 11,093 kroner
- Momentum Group Raised to Buy at Danske Bank Markets
- PKN PW Raised to Neutral-Short Term Sell at Santander Biuro Maklerskie
- Rockwool Raised to Overweight at Morgan Stanley; PT 300 kroner
- TomTom Raised to Buy at AlphaValue/Baader
- Vaisala Raised to Buy at Evli Bank; PT 52 euros
Downgrades
- Autoneum Cut to Hold at Octavian; PT 125 Swiss francs
- Catana Cut to Hold at Kepler Cheuvreux
- Detection Tech Oy Cut to Accumulate at Evli Bank; PT 14 euros
- Deutsche Boerse Cut to Hold at M.M. Warburg; PT 281 euros
- Fugro Cut to Accumulate at KBC Securities; PT 15 euros
- Knaus Tabbert Cut to Reduce at AlphaValue/Baader
- LVMH Cut to Hold at TD Cowen; PT 500 euros
- Lime Technologies Cut to Sell at DNB Markets; PT 355 kronor
- Symrise Cut to Sell at Van Lanschot Kempen; PT 90 euros
- Veolia Cut to Underperform at Jefferies; PT 25 euros
Initiations
- Metsa Board Rated New Hold at Kepler Cheuvreux; PT 3.50 euros
- Nordex Rated New Buy at Berenberg; PT 19 euros
- SFC Energy Rated New Buy at Deutsche Bank; PT 33 euros
- Spie Rated New Buy at William O’Neil
- aprill Euroopas
Upgrades
- Adidas Raised to Outperform at Baird; PT 240 euros
- Alten Raised to Outperform at Oddo BHF; PT 100 euros
- Amica Raised to Outperform at Santander Biuro Maklerskie
- Boliden Raised to Sector Perform at RBC; PT 310 kronor
- Cheffelo Raised to Buy at Bryan Garnier; PT 61 kronor
- Energean Raised to Buy at Berenberg
- FTE PW Raised to Outperform at Santander Biuro Maklerskie
- Norsk Hydro Raised to Buy at Norne Securities; PT 60 kroner
- OVH Raised to Hold at Stifel; PT 11 euros
- Pernod Ricard Raised to Equal-Weight at Barclays; PT 97 euros
- Tate & Lyle Raised to Overweight at Barclays; PT 740 pence
- Thule Raised to Buy at ABG; PT 310 kronor
Downgrades
- BMW Cut to Neutral at Redburn; PT 85 euros
- Banca Mediolanum Cut to Hold at Jefferies; PT 14.90 euros
- Comer Industries Cut to Hold at Equita; PT 32 euros
- Datagroup Cut to Hold at Berenberg
- Equinor Cut to Underperform at RBC; PT 260 kroner
- Hoegh Autoliners Cut to Hold at Nordea
- Maersk Cut to Sell at Fearnley; PT 7,800 kroner
- NOS Cut to Neutral at Grupo Santander; PT 4.30 euros
- Novo Cut to Neutral at Guggenheim
- Orsted Cut to Underperform at BofA
- Orsted Cut to Underweight at Barclays; PT 239.95 kroner
- Wallenius Wilhelmsen Cut to Hold at Nordea
Initiations
- COSH NO Rated New Buy at Fearnley; PT 7 kroner
- Mildef Group Rated New Buy at Danske Bank Markets; PT 275 kronor
- Roko Rated New Hold at Danske Bank Markets; PT 1,960 kronor
- Roko Rated New Hold at SEB Equities; PT 1,975 kronor
- Tenaris Rated New Outperform at BNPP Exane; PT 18.50 euros
- aprill Euroopas
Upgrades
- Bakkafrost Raised to Buy at DNB Markets; PT 590 kroner
- Boohoo Raised to Hold at Shore Capital
- Enersense Raised to Accumulate at Inderes; PT 2.40 euros
- Faes Farma Raised to Neutral at CaixaBank BPI; PT 4.50 euros
- Grieg Seafood Raised to Buy at DNB Markets; PT 64 kroner
- Hoegh Autoliners Raised to Buy at Pareto Securities
- Holmen Raised to Buy at SEB Equities; PT 415 kronor
- Inditex Raised to Outperform at BNPP Exane; PT 56 euros
- Inmobiliaria Colonial Raised to Buy at Van Lanschot Kempen
- Mon Courtier Energie Groupe Raised to Buy at TP ICAP Midcap
- Mowi Raised to Buy at DNB Markets; PT 230 kroner
- Randstad Raised to Hold at Bank Degroof Petercam; PT 34 euros
- Sartorius Raised to Hold at Kepler Cheuvreux
- Tomra Raised to Hold at SEB Equities; PT 160 kroner
- Wiit Raised to Buy at Equita; PT 22 euros
Downgrades
- Arctic Fish Holding Cut to Hold at DNB Markets; PT 60 kroner
- Aurubis Cut to Underperform at BNPP Exane; PT 60 euros
- BRGE LN Cut to Neutral at Stifel
- Baillie Gifford European Growth Trust Cut to Sell at Stifel
- Biotage Cut to Hold at Danske Bank Markets; PT 143 kronor
- Elisa Cut to Hold at Kepler Cheuvreux
- Eni Cut to Neutral at Redburn; PT 13.40 euros
- Equinor Cut to Sell at Redburn; PT 230 kroner
- Euronext Cut to Neutral at Citi; PT 140 euros
- Gestamp Cut to Underweight at Barclays; PT 2.50 euros
- Hellenic Telecom Cut to Neutral at JPMorgan; PT 18.50 euros
- Jupiter Cut to Sell at Canaccord; PT 60 pence
- Just Eat Takeaway Cut to Hold at KBC Securities; PT 19.50 euros
- OVH Cut to Underweight at Morgan Stanley; PT 10.15 euros
- Orsted Cut to Hold at SEB Equities; PT 275 kroner
- Piaggio Cut to Hold at Kepler Cheuvreux
- SSAB Cut to Hold at Nordea
- Sainsbury Cut to Hold at Kepler Cheuvreux
- Syensqo Cut to Neutral at BofA
- Vodafone Cut to Underweight at JPMorgan; PT 62 pence
Initiations
- Andritz Rated New Buy at Kepler Cheuvreux; PT 68 euros
- Beazley Reinstated Outperform at BNPP Exane; PT 1,075 pence
- Cyberoo Rated New Buy at Alantra Capital Markets; PT 2.70 euros
- Elopak Rated New Buy at SpareBank; PT 50 kroner
- Hiscox Reinstated Underperform at BNPP Exane; PT 1,050 pence
- Lancashire Reinstated Neutral at BNPP Exane; PT 595 pence
- Lastminute.com Rated New Buy at Hauck & Aufhaeuser
- NFL Biosciences Rated New Buy at Marex; PT 3.60 euros
- Sats Rated New Buy at Danske Bank Markets; PT 45 kroner
- Sonae Rated New Buy at Kepler Cheuvreux; PT 1.50 euros
- aprill
Upgrades
- ACS Raised to Neutral at Alantra Equities; PT 54.80 euros
- AF Gruppen Raised to Buy at ABG; PT 160 kroner
- AQ Group Raised to Buy at SEB Equities; PT 160 kronor
- Adidas Raised to Buy at BofA
- Arendals Fossekompani ASA Raised to Buy at Pareto Securities
- Assa Abloy Raised to Buy at Pareto Securities; PT 340 kronor
- Assa Abloy Raised to Hold at Handelsbanken; PT 300 kronor
- Baloise Raised to Buy at Berenberg; PT 226.40 Swiss francs
- Bankinter Raised to Buy at Bestinver; PT 11.10 euros
- ContextVision AB Raised to Buy at Norne Securities; PT 7 kroner
- Evotec Raised to Hold at Deutsche Bank; PT 7 euros
- J. Martins Raised to Buy at Bestinver; PT 24 euros
- OMV Raised to Add at AlphaValue/Baader
- Orion Raised to Buy at SEB Equities; PT 57 euros
- Partners Group Raised to Hold at Kepler Cheuvreux
- Sika Raised to Outperform at BNPP Exane; PT 240 Swiss francs
- Syncona Ltd Raised to Buy at Jefferies
- Var Energi Raised to Buy at Fearnley; PT 39 kroner
Downgrades
- Atea Cut to Neutral at Cantor; PT 137 kroner
- Autostore Cut to Hold at Arctic Securities; PT 6.50 kroner
- Bunzl Cut to Hold at Peel Hunt; PT 2,500 pence
- CaixaBank Cut to Hold at Bestinver; PT 6.70 euros
- Equinor Cut to Hold at Norne Securities; PT 260 kroner
- Fuchs Cut to Reduce at Baader Helvea; PT 39 euros
- KPN Cut to Hold at KBC Securities; PT 4.20 euros
- LVMH Cut to Hold at HSBC; PT 575 euros
- Moncler Cut to Hold at HSBC; PT 60 euros
- Norske Skog Cut to Hold at ABG; PT 22 kroner
- Remy Cointreau Cut to Neutral at Oddo BHF; PT 43 euros
- Revenio Cut to Hold at SEB Equities; PT 26 euros
- Sabadell Cut to Hold at Bestinver; PT 2.57 euros
- Sampo Cut to Hold at SEB Equities; PT 9.40 euros
- Sinch Cut to Neutral at Cantor; PT 23 kronor
- Var Energi Cut to Hold at Arctic Securities; PT 33 kroner
Initiations
- AF Gruppen Rated New Buy at SpareBank; PT 165 kroner
- Arkema Rated New Underperform at Bernstein; PT 53 euros
- Assa Abloy Rated New Equal-Weight at Oxcap; PT 308.60 kronor
- Basler Reinstated Buy at Hauck & Aufhaeuser; PT 12.40 euros
- Seabird Exploration Rated New Buy at Arctic Securities
- aprill Euroopas
Upgrades
- Atea Raised to Buy at DNB Markets; PT 160 kroner
- Aton Green Storage Raised to Buy at Alantra Capital Markets
- Axfood Raised to Hold at SEB Equities; PT 260 kronor
- BE Semiconductor Raised to Buy at Deutsche Bank; PT 125 euros
- Bakkafrost Raised to Buy at SpareBank; PT 650 kroner
- Belimo Raised to Buy at Octavian; PT 730 Swiss francs
- BioMerieux Raised to Add at AlphaValue/Baader
- Fondia Raised to Buy at Inderes; PT 5.60 euros
- Helvetia Raised to Market Perform at KBW; PT 170 Swiss francs
- Iberdrola Raised to Buy at DBS Bank; PT 16.40 euros
- Inficon Raised to Buy at Octavian; PT 110 Swiss francs
- Just Eat Takeaway Raised to Neutral at Grupo Santander
- Klepierre Raised to Buy at Berenberg; PT 35 euros
- Landis + Gyr Raised to Hold at Kepler Cheuvreux
- Paradox Interactive Raised to Buy at Handelsbanken
- Pernod Ricard Raised to Buy at Kepler Cheuvreux
- Polytec Holding Raised to Buy at M.M. Warburg; PT 3.60 euros
- REC Silicon Raised to Neutral at SpareBank; PT 2.20 kroner
- Serge Ferrari SAS Raised to Buy at Gilbert Dupont; PT 6.80 euros
- Siemens Healthineers Raised to Buy at HSBC; PT 58 euros
- Sonova Raised to Buy at HSBC; PT 290 Swiss francs
- VW Raised to Equal-Weight at Morgan Stanley; PT 94 euros
Downgrades
- Alten Cut to Add at Gilbert Dupont; PT 94.60 euros
- Atria Cut to Reduce at Inderes; PT 14 euros
- Autostore Cut to Hold at Nordea; PT 10 kroner
- Biotage Cut to Hold at Handelsbanken; PT 145 kronor
- Eurofins Scientific Cut to Hold at HSBC; PT 48 euros
- Fodelia Cut to Accumulate at Inderes; PT 7.50 euros
- Fortnox Cut to Hold at Nordea
- GEA Group Cut to Equal-Weight at Barclays; PT 50 euros
- Guerbet Cut to Hold at Kepler Cheuvreux
- Iberdrola Cut to Hold at Bestinver; PT 14.85 euros
- Indra Cut to Neutral at Alantra Equities; PT 29.50 euros
- Kinnevik Cut to Add at AlphaValue/Baader
- Kitron Cut to Hold at Arctic Securities; PT 48 kroner
- Lime Technologies Cut to Hold at Kepler Cheuvreux
- Lime Technologies Cut to Hold at SEB Equities; PT 410 kronor
- Metso Cut to Underweight at Barclays; PT 8.50 euros
- Morgan Advanced Cut to Equal-Weight at Barclays; PT 220 pence
- Northern Ocean Cut to Hold at ABG; PT 5.50 kroner
- Note Cut to Hold at SEB Equities; PT 178 kronor
- Novo Cut to Sell at DBS Bank; PT 330 kroner
- QT Group Cut to Hold at Nordea
- Renault Cut to Equal-Weight at Morgan Stanley; PT 47 euros
- SBE-Varvit-SpA Cut to Hold at Equita; PT 8.80 euros
- SKF Cut to Equal-Weight at Barclays; PT 193 kronor
- Scanfil Cut to Reduce at Inderes; PT 9 euros
- Smith & Nephew Cut to Hold at HSBC; PT 1,070 pence
- TT Electronics Cut to Equal-Weight at Barclays; PT 90 pence
- Verallia Cut to Neutral at Stifel; PT 32 euros
- Worldline Cut to Add at AlphaValue/Baader
Initiations
- 2G Energy Rated New Buy at Hauck & Aufhaeuser; PT 34 euros
- Bollore Rated New Market Perform at BMO; PT 27.46 euros
- Do & Co Reinstated Buy at Wood & Company; PT 167 euros
- Emmi Rated New Buy at Berenberg; PT 930 Swiss francs
- M1 Kliniken Reinstated Buy at Hauck & Aufhaeuser; PT 23.50 euros
- Siemens Reinstated Buy at Citi; PT 245 euros
- aprill Euroopas
Upgrades
- Advanced Medical Raised to Buy at Stifel; PT 245 pence
- Airbus Raised to Buy at Kepler Cheuvreux; PT 170 euros
- Antofagasta Raised to Add at Peel Hunt; PT 1,860 pence
- Apetit Raised to Accumulate at Inderes; PT 15 euros
- Assa Abloy Raised to Neutral at Citi; PT 280 kronor
- BE Semiconductor Raised to Hold at HSBC; PT 95 euros
- Digia Raised to Buy at Inderes; PT 7.80 euros
- Dynavox Group Raised to Buy at Handelsbanken; PT 91 kronor
- Interpump Raised to Outperform at BNPP Exane; PT 37 euros
- Kempower Raised to Hold at SEB Equities; PT 10.50 euros
- LeadDesk Raised to Buy at Inderes; PT 8.50 euros
- MTU Aero Raised to Buy at Kepler Cheuvreux; PT 350 euros
- NCAB Group Raised to Buy at Pareto Securities; PT 51 kronor
- SKF Raised to Buy at Danske Bank Markets; PT 215 kronor
- Saipem Raised to Buy at Stifel; PT 2.50 euros
- Wartsila Raised to Buy at SEB Equities; PT 18 euros
Downgrades
- Addlife Cut to Hold at SEB Equities; PT 178 kronor
- Aker Solutions Cut to Hold at ABG; PT 34 kroner
- Autostore Cut to Hold at Deutsche Bank; PT 5.70 kroner
- Autostore Cut to Hold at Pareto Securities; PT 6 kroner
- CMB Tech Cut to Hold at Arctic Securities; PT 7.92 euros
- Eramet Cut to Underperform at Oddo BHF; PT 48 euros
- Fraport Cut to Underperform at Jefferies; PT 52 euros
- Hannover Re Cut to Hold at HSBC; PT 290 euros
- Husqvarna Cut to Hold at Handelsbanken; PT 50 kronor
- Incap Cut to Accumulate at Inderes; PT 12 euros
- Inchcape Cut to Neutral at BNPP Exane; PT 725 pence
- Indutrade Cut to Hold at ABG; PT 285 kronor
- Kemira Cut to Hold at SEB Equities; PT 20 euros
- Maersk Cut to Sell at Danske Bank Markets; PT 9,400 kroner
- Man Group Cut to Neutral at JPMorgan; PT 167 pence
- Mapfre Cut to Neutral at Oddo BHF; PT 3.05 euros
- Munich Re Cut to Hold at HSBC; PT 620 euros
- Nagarro Cut to Neutral at Oddo BHF
- Roche Cut to Hold at HSBC; PT 295 Swiss francs
- Sydbank Cut to Hold at SEB Equities; PT 440 kroner
- Titan Cement Cut to Equal-Weight at Euroxx Securities
Initiations
- ADP Rated New Hold at Baptista Research; PT 132.70 euros
- Auto Trader Rated New Underperform at Baptista Research
- Capgemini Rated New Buy at Baptista Research; PT 207.90 euros
- Chemring Group Rated New Outperform at RBC; PT 500 pence
- Cohort Rated New Outperform at RBC; PT 1,570 pence
- Danone Rated New Underperform at Baptista Research
- Dassault Systemes Rated New Underperform at Baptista Research
- Dof Group Rated New Buy at Danske Bank Markets; PT 108 kroner
- EssilorLuxottica Rated New Underperform at Baptista Research
- Fresnillo Rated New Underperform at Baptista Research
- Halma Rated New Underperform at Baptista Research
- Informa Rated New Hold at Baptista Research; PT 990 pence
- Intertek Rated New Underperform at Baptista Research
- Kering Rated New Buy at Baptista Research; PT 239.10 euros
- Kingspan Rated New Underperform at Baptista Research
- LVMH Rated New Buy at Baptista Research; PT 692 euros
- Legrand Rated New Underperform at Baptista Research
- Marks & Spencer Rated New Underperform at Baptista Research
- Next Rated New Underperform at Baptista Research
- Orange Rated New Underperform at Baptista Research
- Pearson Rated New Underperform at Baptista Research
- QinetiQ Rated New Sector Perform at RBC; PT 450 pence
- Rentokil Rated New Underperform at Baptista Research
- Rexel Rated New Hold at Baptista Research; PT 28.70 euros
- Safran Rated New Underperform at Baptista Research
- Sage Group Rated New Buy at Baptista Research; PT 1,340 pence
- Saint-Gobain Rated New Underperform at Baptista Research
- Schneider Electric Rated New Hold at Baptista Research
- Smith & Nephew Rated New Buy at Baptista Research
- Smiths Rated New Hold at Baptista Research; PT 2,010 pence
- Spie Rated New Underperform at Baptista Research; PT 40.10 euros
- Thales Rated New Underperform at Baptista Research
- Vinci Rated New Underperform at Baptista Research
- aprill Euroopas
Upgrades
- Artifex Mundi Raised to Hold at BDM; PT 16.55 zloty
- Engcon Raised to Buy at Nordea; PT 110 kronor
- GlobalData Raised to Buy at Deutsche Bank; PT 215 pence
- Hafnia Raised to Buy at ABG; PT 57 kroner
- Mildef Group Raised to Buy at Pareto Securities; PT 280 kronor
- Netum Group Raised to Accumulate at Inderes; PT 2.60 euros
- Roche Bobois SAS Raised to Add at IDMidcaps; PT 41 euros
- SEB Raised to Hold at Jefferies; PT 140 kronor
- SGS Raised to Overweight at Morgan Stanley; PT 97 Swiss francs
- TietoEVRY Raised to Hold at Handelsbanken; PT 17 euros
Downgrades
- Aedifica Cut to Hold at KBC Securities
- DCC Cut to Hold at Deutsche Bank
- Edda Wind Cut to Neutral at Clarksons; PT 23 kroner
- Epiroc Cut to Hold at Pareto Securities; PT 225 kronor
- F-Secure Cut to Accumulate at Inderes; PT 2.30 euros
- Fugro Cut to Neutral at BNPP Exane; PT 12 euros
- Gjensidige Cut to Hold at ABG; PT 244 kroner
- INWIT Cut to Equal-Weight at Barclays; PT 10.50 euros
- NCC Cut to Hold at ABG; PT 190 kronor
- Nordic Semiconductor Cut to Hold at SEB Equities; PT 120 kroner
- Porsche Cut to Sell at Bankhaus Metzler; PT 39 euros
- ProSieben Cut to Equal-Weight at Barclays; PT 7 euros
- Sotkamo Silver Cut to Sell at Inderes; PT 0.75 kronor
- THG PLC Cut to Hold at HSBC; PT 27 pence
- Telenor Cut to Hold at Arctic Securities; PT 166 kroner
- Western Bulk Chartering Cut to Hold at DNB Markets
- Zalando Cut to Underweight at Morgan Stanley; PT 28.50 euros
- eQ Cut to Reduce at Inderes; PT 11 euros
Initiations
- Elmos Semiconductor Rated New Buy at Berenberg; PT 87 euros
- Envipco Rated New Buy at Clarksons; PT 8.48 euros
- Galliford Try Rated New Buy at Berenberg; PT 470 pence
- Medicover Rated New Buy at William O’Neil
- Somec Rated New Buy at TP ICAP Midcap; PT 18.10 euros
- Swissquote Reinstated Buy at William O’Neil
- Tomra Rated New Buy at Clarksons; PT 185 kroner
- mai Euroopas
Upgrades
- Airbus Raised to Buy at Jefferies; PT 175 euros
- Bechtle Raised to Buy at Bankhaus Metzler; PT 44 euros
- Lundbeck Raised to Buy at SEB Equities; PT 44 kroner
Downgrades
- AMS-Osram Cut to Sell at Research Partners; PT 5.80 Swiss francs
- Coloplast Cut to Hold at Deutsche Bank; PT 708 kroner
- Danske Bank Cut to Hold at Jyske Bank; PT 255 kroner
- Datagroup Cut to Hold at Bankhaus Metzler; PT 54 euros
- Mandatum Cut to Sell at SEB Equities; PT 5.60 euros
- OTP Bank Cut to Neutral at Oddo BHF; PT 28,600 forint
- Raisio Cut to Reduce at Inderes; PT 2.40 euros
- Renk Group Cut to Hold at Hauck & Aufhaeuser; PT 55 euros
Initiations
- Adidas Rated New Overweight at Piper Sandler; PT 265 euros
- Cham Swiss Properties Resumed Market Perform at ZKB
- Thor Medical ASA Rated New Buy at Arctic Securities; PT 4 kroner
- mai Euroopas
Upgrades
- Aegon Raised to Outperform at BNPP Exane; PT 6.40 euros
- DFDS Raised to Hold at Nordea
- Equasens Raised to Buy at Gilbert Dupont; PT 52 euros
- Genmab Raised to Buy at Handelsbanken; PT 2,000 kroner
- Marimekko Raised to Accumulate at Evli Bank; PT 13 euros
- Pandora Raised to Buy at Nordea; PT 1,200 kroner
- Peab Raised to Hold at Handelsbanken; PT 82 kronor
- Prosegur Cash Raised to Outperform at Oddo BHF; PT 1 euro
- Prosegur Raised to Outperform at Oddo BHF; PT 3.10 euros
- SoftwareONE Raised to Outperform at ZKB
- Solaria Energia Raised to Hold at Bestinver; PT 7.05 euros
- Stillfront Raised to Buy at Pareto Securities; PT 7.50 kronor
- TotalEnergies Raised to Buy at DBS Bank; PT 58 euros
- UBS Raised to Neutral at Oddo BHF; PT 27 Swiss francs
Downgrades
- BT Cut to Sell at Deutsche Bank; PT 140 pence
- BioMerieux Cut to Sector Perform at RBC; PT 125 euros
- Bonduelle Cut to Hold at TP ICAP Midcap; PT 8.60 euros
- Carlsberg Cut to Hold at HSBC; PT 910 kroner
- Coloplast Cut to Equal-Weight at Barclays; PT 750 kroner
- DSV Cut to Neutral at Citi; PT 1,499 kroner
- Equinor Cut to Neutral at JPMorgan; PT 270 kroner
- Fraport Cut to Sell at AlphaValue/Baader
- Freenet Cut to Hold at HSBC; PT 36 euros
- Intesa Sanpaolo Cut to Hold at Kepler Cheuvreux
- MAX Automation Cut to Hold at M.M. Warburg
- Nokian Renkaat Cut to Sell at Danske Bank Markets; PT 5.80 euros
- Nokian Renkaat Cut to Sell at SEB Equities; PT 5.60 euros
- Pepco Group Cut to Hold at Erste Group; PT 19 zloty
- Prosegur Cash Cut to Neutral at BNPP Exane; PT 82 euro cents
- Rana Gruber Cut to Sell at SpareBank; PT 70 kroner
- Relais Group Cut to Accumulate at Inderes; PT 17 euros
- Siegfried Cut to Add at Baader Helvea; PT 113.70 Swiss francs
- Telenor Cut to Hold at SEB Equities; PT 165 kroner
- Trifork Group Cut to Hold at ABG; PT 95 kroner
- Valeo Cut to Hold at DBS Bank; PT 8.50 euros
Initiations
- CAB Payments Rated New Buy at Investec; PT 85 pence
- Foresight Group Rated New Buy at Berenberg; PT 580 pence
- Franchi Umberto Marmi Rated New Buy at TP ICAP Midcap
- Goodtech Rated New Buy at SpareBank; PT 10 kroner
- Verve Group Rated New Buy at ABG; PT 5.51 euros
- mai Euroopas
Upgrades
- Aston Martin Raised to Neutral at Mediobanca SpA; PT 78 pence
- Enea Raised to Outperform at Santander Biuro Maklerskie
- Entain Raised to Buy at UBS
- Galapagos Raised to Buy at Van Lanschot Kempen; PT 25 euros
- Geberit Raised to Outperform at Oddo BHF; PT 680 Swiss francs
- Mips Raised to Buy at Handelsbanken; PT 600 kronor
- ProSieben Raised to Buy at DZ Bank; PT 8.80 euros
- RS Group Raised to Buy at BofA
Downgrades
- ALA Cut to Neutral at Banca Akros (ESN); PT 36.50 euros
- Adesso SE Cut to Hold at Hauck & Aufhaeuser; PT 102 euros
- Euronext Cut to Accumulate at KBC Securities; PT 150 euros
- GEA Group Cut to Underperform at BofA; PT 52 euros
- IONOS Group SE Cut to Equal-Weight at Morgan Stanley
- IONOS Group SE Cut to Neutral at Oddo BHF; PT 35 euros
- PNE AG Cut to Hold at SMC Research; PT 16.20 euros
- Schneider Electric Cut to Equal-Weight at Barclays
Initiations
- Cie Financiere Rated New Hold at Octavian; PT 249 Swiss francs
- Elliptic Laboratories Rated New Buy at Pareto Securities
- InPost Rated New Buy at Kepler Cheuvreux; PT 20 euros
- Indra Reinstated Neutral at BNPP Exane; PT 33 euros
- Louis Hachette Group Rated New Buy at Kepler Cheuvreux
- Optima bank Rated New Buy at Wood & Company; PT 18.50 euros
- RAI Way Rated New Accumulate at Banca Akros (ESN); PT 7.30 euros
- Robertet Rated New Buy at Berenberg; PT 1,090 euros
- Saint-Gobain Rated New Sector Perform at RBC; PT 110 euros
- Sika Rated New Outperform at RBC; PT 276 Swiss francs
- Tonies Rated New Buy at Bankhaus Metzler; PT 9 euros
- Volex Reinstated Buy at Investec; PT 325 pence
- mai Euroopas
Upgrades
- AO World Raised to Buy at Peel Hunt; PT 137 pence
- Capricorn Energy Raised to Buy at Jefferies; PT 290 pence
- H&R Raised to Hold at Kepler Cheuvreux
- Prodways Raised to Buy at Gilbert Dupont; PT 73 euro cents
- Roche Bobois SAS Raised to Buy at TP ICAP Midcap; PT 35 euros
- Streamwide Raised to Buy at TP ICAP Midcap; PT 38 euros
- Unibail Raised to Equal-Weight at Morgan Stanley; PT 85 euros
- Zespol Elektrowni Raised to Buy at Pekao Investment Banking
Downgrades
- AKWEL SADIR Cut to Add at Gilbert Dupont; PT 8.70 euros
- Acciona Cut to Underperform at RBC; PT 115 euros
- Alcon AG Cut to Hold at Equita; PT 75 Swiss francs
- BP Cut to Hold at Jefferies; PT 390 pence
- Cyfrowy Cut to Hold at Erste Group; PT 19.20 zloty
- Euronext Cut to Market Perform at KBW; PT 155 euros
- Euronext Cut to Neutral at JPMorgan; PT 143 euros
- GEA Group Cut to Neutral at Citi; PT 59 euros
- Illimity Bank Cut to Reduce at Equita; PT 2.80 euros
- Ithaca Energy Cut to Hold at Jefferies; PT 130 pence
- Jadestone Energy Cut to Hold at Jefferies; PT 20 pence
- Legal & General Cut to Hold at HSBC; PT 255 pence
- Mediobanca Cut to Equal-Weight at Morgan Stanley; PT 22 euros
- Metrovacesa Cut to Neutral at JB Capital Markets; PT 11.75 euros
- OCI Cut to Neutral at Redburn; PT 9 euros
- Siemens Healthineers Cut to Add at AlphaValue/Baader
- SpareBank 1 Nord Norge Cut to Sell at Arctic Securities
- Stef Cut to Hold at TP ICAP Midcap; PT 143 euros
- Tokmanni Cut to Reduce at Inderes; PT 11.50 euros
- Unipol Cut to Neutral at Mediobanca SpA; PT 17 euros
Initiation
- Next Reinstated Neutral at Grupo Santander; PT 12,540 pence
- mai Euroopas
Upgrades
- 2Crsi Saca Raised to Outperform at Oddo BHF; PT 7.20 euros
- ABN Amro GDRs Raised to Neutral at BofA
- Alcon AG Raised to Buy at Kepler Cheuvreux
- Bouvet Raised to Buy at SpareBank; PT 85 kroner
- Central Asia Metals Raised to Buy at Berenberg; PT 230 pence
- Cool Raised to Hold at Pareto Securities; PT 60 kroner
- Koenig & Bauer Raised to Buy at Hauck & Aufhaeuser
- Lloyds Raised to Buy at Redburn; PT 100 pence
- Marks & Spencer Raised to Buy at Jefferies; PT 440 pence
- Repsol Raised to Overweight at Barclays; PT 15 euros
- Santander Raised to Neutral at Autonomous
- Unibail Raised to Outperform at BNPP Exane
Downgrades
- BCP Cut to Neutral at Grupo Santander; PT 68 euro cents
- Close Brothers Cut to Hold at Shore Capital; PT 370 pence
- Crayon Group Cut to Hold at Kepler Cheuvreux; PT 142 kroner
- Equinor Cut to Equal-Weight at Barclays; PT 325 kroner
- Freenet Cut to Underperform at Oddo BHF; PT 30 euros
- Hill & Smith Cut to Hold at Shore Capital
- ING Cut to Reduce at AlphaValue/Baader
- Indra Cut to Hold at Intermoney Valores; PT 33 euros
- IndusInd Bank GDRs Cut to Reduce at HSBC; PT $7.70
- Norwegian Air Cut to Sell at ABG; PT 12 kroner
- Sainsbury Cut to Hold at Jefferies; PT 300 pence
- Salmar Cut to Hold at Handelsbanken; PT 515 kroner
- Sanoma Cut to Accumulate at OP Corporate Bank; PT 11.30 euros
- Schindler Cut to Hold at Octavian; PT 290 Swiss francs
- Sonova Cut to Hold at HSBC; PT 285 Swiss francs
- Sonova Cut to Sell at Redburn; PT 225 Swiss francs
- SpareBank 1 Nord Norge Cut to Sell at ABG; PT 126 kroner
- Suedzucker Cut to Sell at DZ Bank; PT 10 euros
Initiations
- ASR Nederland Reinstated Neutral at Mediobanca SpA; PT 60 euros
- Aperam Rated New Buy at Kepler Cheuvreux; PT 31.10 euros
- EVS Broadcast Rated New Buy at TP ICAP Midcap; PT 46 euros
- Sulzer Reinstated Buy at Stifel; PT 183 Swiss francs
- Swiss Life Rated New Neutral at Mediobanca SpA
- Vonovia Resumed Market Perform at Bernstein
- mai Euroopas
Upgrades
- Bravida Raised to Buy at Nordea; PT 111 kronor
- TME Pharma NV Raised to Buy at Invest Securities SA
Downgrades
- Frequentis Cut to Accumulate at Erste Group; PT 50 euros
- Inditex Cut to Reduce at CaixaBank BPI; PT 47.60 euros
- Opap Cut to Equal-Weight at Euroxx Securities; PT 22 euros
- Retail Estates Cut to Accumulate at KBC Securities; PT 76 euros
- SpareBank 1 Nord Norge Cut to Hold at Pareto Securities
- Sparebanken Ost Cut to Hold at Pareto Securities; PT 78 kroner
- SpareBank 1 SMN Cut to Hold at Pareto Securities; PT 205 kroner
Initiation
- Monte Paschi Reinstated Hold at Kepler Cheuvreux; PT 7.90 euros
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- mai Euroopas
Upgrades
- De’ Longhi Raised to Equal-Weight at Barclays; PT 30 euros
- SBM Offshore Raised to Add at AlphaValue/Baader
Downgrades
- Aedas Homes SA Cut to Underperform at Oddo BHF; PT 25 euros
- Argan Cut to Hold at Kepler Cheuvreux; PT 67 euros
- Enento Group Cut to Reduce at Inderes; PT 17.50 euros
- Freenet Cut to Neutral at Citi; PT 29.50 euros
- Phoenix Group Cut to Neutral at BofA
- Troendelag Cut to Sell at Norne Securities; PT 103 kroner
- flatexDEGIRO Cut to Equal-Weight at Morgan Stanley; PT 27 euros
Initiations
- DBV Tech Reinstated Sell at Goldman; PT 1.30 euros
- Lonza Reinstated Outperform at BNPP Exane; PT 705 Swiss francs
- Novonesis Rated New Overweight at Morgan Stanley; PT 577 kroner
- Sartorius Reinstated Neutral at BNPP Exane; PT 235 euros
- Sartorius Stedim Reinstated Outperform at BNPP Exane
- juuni Euroopas
Upgrades
- Chemring Group Raised to Buy at Berenberg; PT 670 pence
- Demant Raised to Buy at Kepler Cheuvreux; PT 315 kroner
- Enea Raised to Buy at Citi; PT 19.90 zloty
- Fraport Raised to Hold at Deutsche Bank; PT 50 euros
- Fresenius Medical Care Raised to Add at AlphaValue/Baader
- Hannover Re Raised to Market Perform at KBW; PT 260 euros
- Hensoldt Raised to Neutral at BNPP Exane; PT 110 euros
- NN Group Raised to Buy at Deutsche Bank; PT 63 euros
- PGE Raised to Neutral at Citi; PT 10.80 zloty
- Phoenix Group Raised to Buy at Deutsche Bank; PT 720 pence
- Prudential Raised to Buy at Deutsche Bank; PT 1,000 pence
- Sonova Raised to Hold at Kepler Cheuvreux; PT 255 Swiss francs
- Vend Marketplaces Raised to Overweight at JPMorgan
Downgrades
- ASR Nederland Cut to Hold at Deutsche Bank; PT 60 euros
- Allianz Cut to Hold at Deutsche Bank; PT 380 euros
- DBT SACA Cut to Sell at Greensome Finance
- Legal & General Cut to Hold at Deutsche Bank; PT 270 pence
- M2i Cut to Add at TP ICAP Midcap; PT 8.50 euros
- Munich Re Cut to Underperform at KBW; PT 500 euros
- OCI Cut to Hold at Berenberg; PT 8.70 euros
- PostNL Cut to Reduce at Kepler Cheuvreux; PT 80 euro cents
- RENK Group Cut to Underperform at BNPP Exane; PT 72 euros
- Sandoz Group Cut to Hold at Bank Vontobel; PT 45 Swiss francs
- Wizz Air Cut to Sector Perform at RBC; PT 1,500 pence
Initiations
- Baltic Classifieds Group Rated New Overweight at JPMorgan
- Cie Financiere Rated New Market Perform at ZKB
- DocMorris Reinstated Market Perform at ZKB
- Galderma Rated New Buy at Kepler Cheuvreux; PT 137 Swiss francs
- Hemnet Rated New Neutral at JPMorgan; PT 295 kronor
- Huber+Suhner Rated New Buy at Berenberg; PT 100 Swiss francs
- MLP Rated New Outperform at Oddo BHF; PT 11 euros
- Nemetschek Reinstated Buy at William O’Neil
- Public Policy Holding Rated New Buy at Texas Capital
- Wise Reinstated Buy at William O’Neil
- Zegona Communications Rated New Buy at Deutsche Bank
- juuni Euroopas
Upgrades
- 11 bit studios Raised to Buy at Erste Group; PT 296 zloty
- Aker BP Raised to Add at AlphaValue/Baader
- Canatu Raised to Buy at Inderes; PT 12 euros
- Syensqo Raised to Buy at Jefferies; PT 80 euros
- Umicore Raised to Buy at Jefferies; PT 16 euros
Downgrades
- Aedifica Cut to Hold at Kepler Cheuvreux; PT 70 euros
- Arkema Cut to Hold at Jefferies; PT 65 euros
- Brenntag Cut to Underperform at Jefferies; PT 53 euros
- Clariant Cut to Hold at Jefferies; PT 9.50 Swiss francs
- Energean Cut to Hold at Berenberg
- Kitron Cut to Hold at ABG; PT 57 kroner
- Kone Cut to Hold at Danske Bank Markets; PT 60 euros
- Konecranes Cut to Hold at Danske Bank Markets; PT 75 euros
- Porsche Cut to Underperform at BofA; PT 37 euros
- Swissquote Cut to Sell at UBS
- Symrise Cut to Underperform at Jefferies; PT 90 euros
Initiations
- Assa Abloy Rated New Hold at Baptista Research; PT 337 kronor
- Atlas Copco Rated New Hold at Baptista Research
- BoneSupport Rated New Buy at Danske Bank Markets; PT 400kronor
- Diploma Reinstated Buy at Investec; PT 5,660 pence
- Ericsson Rated New Hold at Baptista Research; PT 87.90 kronor
- GEK TERNA SA Rated New Outperform at Mediobanca SpA
- Light Science Technologies Rated New Corporate at Shore Capital
- Pyrum Innovations Rated New Buy at M.M. Warburg
- Sandvik Rated New Hold at Baptista Research; PT 239.50 kronor
- VP Rated New Buy at Shore Capital; PT 760 pence
- Volvo Rated New Outperform at Baptista Research
- Ypsomed Rated New Buy at Stifel; PT 475 Swiss francs
- juuli Euroopas
Upgrades
- Argenx Raised to Buy at Deutsche Bank; PT 550 euros
- Baltic Classifieds Group Raised to Add at Peel Hunt
- Coloplast Raised to Buy at Jyske Bank; PT 750 kroner
- Entain Raised to Buy at BofA
- Givaudan Raised to Equal-Weight at Barclays
- Immobel SA Raised to Buy at KBC Securities; PT 28 euros
- Persimmon Raised to Buy at BofA
- SGS Raised to Sector Perform at RBC; PT 86.50 Swiss francs
- Safilo Raised to Buy at Equita; PT 1.50 euros
- Sobi Raised to Hold at Deutsche Bank
Downgrades
- Aker BP Cut to Sell at Norne Securities; PT 260 kroner
- Arkema Cut to Equal-Weight at Barclays; PT 80 euros
- Galp Cut to Neutral at JB Capital Markets; PT 17.50 euros
- Handelsbanken Cut to Underweight at Morgan Stanley
- Man Group Cut to Neutral at Citi; PT 185 pence
- Norwegian Air Cut to Hold at Arctic Securities; PT 16 kroner
- Signify Cut to Neutral at Oddo BHF; PT 26 euros
- Verallia Cut to Neutral at CIC
Initiations
- 3i Rated New Hold at Kepler Cheuvreux; PT 4,100 pence
- Accor Rated New Outperform at Grupo Santander; PT 55.90 euros
- Brunello Cucinelli Rated New Hold at Baptista Research
- Buzzi SpA Rated New Hold at Baptista Research; PT 49.50 euros
- Galderma Rated New Overweight at Barclays; PT 133 Swiss francs
- Glencore Resumed Overweight at JPMorgan; PT 360 pence
- InterContinental Hotels Rated New Neutral at Grupo Santander
- Just Group Rated New Buy at Berenberg; PT 209 pence
- Metlen Rated New Outperform at BNPP Exane; PT 58 euros
- NTG Nordic Transport Group Rated New Overweight at Barclays
- Nexi Rated New Buy at Baptista Research; PT 8.40 euros
- Oxford Biomedica Rated New Buy at Jefferies; PT 566 pence
- Recordati Rated New Hold at Baptista Research; PT 60 euros
- Zealand Pharma Rated New Overweight at Barclays; PT 560 kroner
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