>>> Europe : Brokers Upgrades & Downgrades - 8th if August 2022

>>> Up
* Playtech Raised to Buy at Deutsche Bank; PT 602 pence
* Rheinmetall Raised to Outperform at Exane; PT 212 euros
* Saipem Raised to Hold at Jefferies; PT 90 euro cents
* Totens Sparebank Raised to Buy at Norne Securities

>>> Down
* Aurskog Sparebank Cut to Hold at Norne Securities; PT 215 kroner
* Aurskog Sparebank Cut to Hold at Norne Securities; PT 215 kroner
* Close Brothers Cut to Hold at Investec; PT 1,170 pence
* Just Eat Takeaway Cut to Equal-Weight at Morgan Stanley
* Marel HF Cut to Hold at Berenberg; PT 4.60 euros
* M&G Cut to Underweight at JPMorgan; PT 210 pence
* Roku Cut to Sell at Pivotal; PT $60
* Subsea 7 Cut to Underperform at Jefferies; PT 70 kroner
* Takkt Cut to Hold at Berenberg; PT 12.90 euros
* Vestas Cut to Sell at Fearnley; PT 155 kroner

>>> Initiation
* Deezer Rated New Hold at Deutsche Bank; PT 5 euros
* De Nora Rated New Buy at Goldman; PT 24 euros
* Var Energi Rated New Overweight at Barclays; PT 53 kroner

>>> Call
* Close Brothers Cut at Investec on ‘Unremarkable’ Return Profile
* Just Eat Takeaway Cut at MS on More Challenging Growth Case
* Takkt Downgraded to Hold at Berenberg as Risks Begin to Mount