>>> Europe : Brokers Upgrades & Downgrades - 18th of August 2022

>>> Up
* Atlantic Sapphire ASA Raised to Buy at Fearnley; PT 27 kroner
* Devolver Digital Raised to Buy at Berenberg; PT 80 pence
* HSBC Raised to Buy at Shore Capital; PT 695 pence
* Imperial Brands Raised to Buy at UBS
* Salmon Evolution Raised to Buy at Fearnley; PT 12 kroner

>>> Down
* Borregaard Cut to Hold at Berenberg; PT 150 kroner
* IMCD Cut to Sell at Deutsche Bank; PT 116 euros
* ITM Power Cut to Sell at Goldman; PT 220 pence
* Sitowise Group Cut to Accumulate at Inderes; PT 6.50 euros
* Sievi Capital Cut to Accumulate at Inderes; PT 1.50 euros

>>> Initiation
* Poste Italiane Rated New Buy at Berenberg; PT 12 euros
* Proximar Seafood Rated New Buy at Fearnley; PT 12 kroner
* SDX Energy Reinstated Buy at Stifel; PT 21 pence

>>> Call
* AutoStore’s Strong 2Q, In-Line Guide Both Positive: Jefferies
* Borregaard Cut to Hold at Berenberg on Limited Growth Potential
* *CITI STRATEGISTS RAISE EUROPEAN TELECOMS TO OVERWEIGHT (*)
* IMCD Currently ‘Over-Earning,’ Cut to Sell at Deutsche Bank
* New Legislation ‘Big Deal’ For Clean Tech, Morgan Stanley Says