>>> Europe : Brokers Upgrades & Downgrades - 19th of December 2022

>>> Up
* Danone Raised to Outperform at RBC; PT 69 euros
* Inwido Raised to Buy at Handelsbanken
* Moderna Raised to Buy at Jefferies on Rebound Potential in 2023
* OMV Raised to Buy at Deutsche Bank; PT 51.10 euros
* TietoEVRY Raised to Buy at Nordea; PT 31.80 euros

>>> Down
* Marks & Spencer Cut to Underweight at JPMorgan; PT 100 pence
* Tokmanni Cut to Hold at Nordea
* Waste Management Cut to Hold at Stifel; PT $171

>>> Initiation
* AstraZeneca ADRs Rated New Hold at Baptista Research; PT $77
* Las Vegas Sands Rated New Hold at Baptista Research; PT $52
* MGM Resorts Rated New Buy at Baptista Research; PT $45.10

>>> Call
* Citi Constructive on Media/Internet; WPP, Prosus Among Top Picks
* Danone ‘Rising to the Challenge,’ Raised to Outperform at RBC
* Morgan Stanley’s Wilson Says Peaking Inflation to Hurt Profits
* NN Cut at Berenberg; Solvency Ratio Limits Payout Prospects