>>> Europe : Brokers Upgrades & Downgrades - 22nd of July 2022 V2(+)

>>> Up
* Akzo Nobel Raised to Buy at Jefferies; PT 81 euros
* Allegro Raised to Buy at Trigon Dom Maklerski; PT 30 zloty
* Asseco South Raised to Buy at Trigon Dom Maklerski; PT 48 zloty
* Cyfrowy Raised to Buy at Trigon Dom Maklerski; PT 24 zloty
* Gamivo Raised to Buy at Trigon Dom Maklerski; PT 90 zloty
* Gecina Raised to Outperform at Oddo BHF; PT 120 euros (+)
* Hannover Re Raised to Buy at SocGen
* ING Slaski Raised to Buy at Trigon Dom Maklerski; PT 177 zloty
* JSW Raised to Buy at Trigon Dom Maklerski; PT 61.80 zloty
* Nokia Raised to Buy at Handelsbanken
* Orange Polska Raised to Buy at Trigon Dom Maklerski; PT 7 zloty
* PGE Raised to Buy at Trigon Dom Maklerski; PT 13.80 zloty
* Publicis Raised to Overweight at JPMorgan; PT 70 euros
* SRV Group Raised to Accumulate at Inderes; PT 5.30 euros
* Stillfront Raised to Hold at SEB Equities; PT 25 kronor
* Storebrand Raised to Add at AlphaValue/Baader
* Tesla PT Raised to $410 from $385 at JPMorgan
* Wise Raised to Overweight at Morgan Stanley; PT 570 pence

>>> Down
* Alumetal Cut to Hold at Trigon Dom Maklerski; PT 70.10 zloty
* AT&T Cut to Equal-Weight at Barclays; PT $20
* Boliden Cut to Hold at Handelsbanken
* Covivio Cut to Neutral at Oddo BHF; PT 68 euros (+)
* Fevertree Drinks Cut to Underperform at RBC; PT 700 pence
* HelloFresh Cut to Hold at DZ Bank; PT 32 euros (+)
* Hochschild Mining Cut to Hold at Berenberg; PT 100 pence
* Innofactor Cut to Reduce at Inderes; PT 1 euro
* KGHM Cut to Sell at Trigon Dom Maklerski; PT 92 zloty
* LondonMetric Cut to Hold at Liberum; PT 295 pence (+)
* Nokia Cut to Hold at Kepler Cheuvreux; PT 5.40 euros (+)
* Norma Cut to Add at Baader Helvea; PT 25 euros
* Norma Cut to Hold at DZ Bank; PT 21 euros (+)
* Quilter Cut to Neutral at JPMorgan; PT 115 pence
* Red Electrica Cut to Hold at Mirabaud Securities; PT 20.40 euros (+)
* S4 Capital Cut to Equal-Weight at Morgan Stanley; PT 160 pence
* Shoper Cut to Hold at Trigon Dom Maklerski; PT 40 zloty
* Snap Cut to Inline at Evercore ISI; PT $14
* Snap Cut to Hold at Stifel; PT $14
* Snap Cut to Sector Weight at KeyBanc
* Snap Cut to Hold at Truist Secs; PT $12
* Snap Cut to Inline at Evercore ISI; PT $14
* Snap Cut to Market Perform at Oppenheimer
* Snap Cut to Neutral at Goldman; PT $12
* Stillfront Cut to Reduce at Kepler Cheuvreux; PT 24 kronor (+)
* Trelleborg Cut to Hold at DNB Markets; PT 255 kronor

>>> Initiation
* Bifire Rated New Buy at Alantra Equities; PT 5.40 euros
* Devolver Digital Rated New Buy at Numis; PT 90 pence
* EDP Renovaveis Reinstated Neutral at Redburn
* INWIT Rated New Outperform at Oddo BHF; PT 12 euros (+)
* Neoen Rated New Buy at Redburn
* Scatec Rated New Neutral at Redburn
* Solaria Energia Rated New Buy at Redburn

>>> Call
* Akzo Nobel Raised to Buy at Jefferies on Net Positive Pricing
* Beazley’s Earnings ‘Solid’ Even as Investment Income Slides: RBC (+)
* Bernstein Disagrees With BofA Survey on Capitulation
* Carnival Equity Raise Isn’t Nearly Enough, Morgan Stanley Says
* Ceconomy’s Lower Guidance Still Comes With Uncertainty: Baader (+)
* Cibus Nordic Real Estate Drops; Kepler Cheuvreux Says 2Q ‘Weak’

* HelloFresh Guide Still Too High, Bernstein Slaps Street-Low PT (+)
* HSBC Strategists See Growth Slowdown Starting to Be Priced in
* Sika Ebit Slightly Ahead, Gross Margins May Disappoint, MS Says (+)