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Goldman Sachs has refreshed its conviction list of top stock picks across Europe and recommended investors consider a specific trading strategy.

Investment Analysts’ upgrades for Thursday, June 9th: Avast (OTCMKTS:AVASF) was upgraded by analysts at HSBC Holdings plc from a hold rating to a buy rating. Build-A-Bear Workshop (NYSE:BBW) was upgraded by analysts at StockNews.com from a hold rating to a buy rating. Britvic (OTCMKTS:BTVCY) was upgraded by analysts at Morgan Stanley from an equal weight […]

Investment Analysts’ downgrades for Tuesday, May 31st: Advance Auto Parts (NYSE:AAP) was downgraded by analysts at StockNews.com from a buy rating to a hold rating. American Eagle Outfitters (NYSE:AEO) was downgraded by analysts at Morgan Stanley from an equal weight rating to an underweight rating. They currently have $8.00 price target on the stock, down […]

By Lina Saigol Order Reprints Text size Telefónica will reduce its debt following the $9.4 billion sale of its mobile phone masts to Boston-based American Towers. Getty Images Shares in Telefónica soared almost 10% on Wednesday, after the Spanish telecom company struck a deal to sell its mobile phone masts in Europe and Latin America to U.S.-based telecom infrastructure operator American Tower for $9.4 billion in cash. The back story. European telecom companies have stepped up the sale of their valuable tower estates in recent years, as they...