>>> Europe : Brokers Upgrades & Downgrades - 22th of August 2022 V2(+)

>>> Up
* Apranga Raised to Buy at SEB Equities; PT 2.20 euros
* Netum Group Raised to Buy at Evli Bank; PT 4.50 euros

>>> Down
* ConvaTec Cut to Add at Peel Hunt; PT 250 pence
* Gem Diamonds Cut to Hold at Liberum; PT 40 pence
* Nibe Cut to Hold at ABG; PT 100 kronor
* Norden Cut to Hold at ABG; PT 470 kroner
* Petra Diamonds Cut to Hold at Liberum; PT 100 pence

>>> Initiation
* Millicom GDRs Reinstated Reduce at HSBC; PT 148.42 kronor (+)
* Vef Rated New Outperform at KBW; PT 4.60 kronor (+)

>>> Call
* Goldman’s Kostin Says Upside for Stocks Is Limited as Risks Rise
* Gem Diamonds, Petra Diamonds Cut on Squeezed Cashflows: Liberum
* NatWest PT Hiked to Street-High at Jefferies on Strong Outlook
* Prudential’s Hang Seng Inclusion Marks A Positive Step: Citi (+)