>>> Europe : Brokers Upgrades & Downgrades - 6th of August 2022

>>> Up
* AB InBev Raised to Buy at HSBC; PT 65 euros
* Euronav Raised to Buy at Jefferies; PT 20.10 euros
* Just Eat Takeaway Raised to Hold at Berenberg
* Sarantis Raised to Buy at Wood & Company; PT 8.20 euros
* Tesla Raised to Outperform at Wolfe; PT $360
* Vantage Towers Raised to Buy at Citi; PT 31 euros

>>> Down
* AB Foods Cut to Hold at Jefferies; PT 1,500 pence
* B&M European Cut to Underperform at Jefferies; PT 300 pence
* BT Cut to Hold at Berenberg; PT 190 pence
* H&M Cut to Sell at Berenberg; PT 85 kronor
* Kingfisher Cut to Hold at Jefferies; PT 240 pence
* Sainsbury Cut to Hold at Jefferies; PT 210 pence

>>> Initiation
* DEME Group Rated New Buy at Berenberg; PT 140 euros
* Immofinanz Reinstated Hold at HSBC; PT 17.50 euros
* Kitron Rated New Buy at Arctic Securities; PT 25 kroner
* Ocado Reinstated Underweight at Morgan Stanley; PT 610 pence

>>> Call
* BT Cut at Berenberg With ‘Multitude of Questions’ on Outlook
* Citi Strategists See Steeper Earnings Downgrades in Europe
* Delivery Hero Raised at Morgan Stanley, Ocado New Underweight
* Jefferies Cuts Slew of UK Retailers on Consumer Pressures
* Jefferies Still Positive on Tankers, Upgrades Four Stocks
* Just Eat Raised, But Prefer Deliveroo, Delivery Hero: Berenberg
* ‘Storm is Brewing’ in Consumer Discretionary Stocks: Berenberg