Epstein Secrets

• Handelsbanken upgrades BRG NO, SEB downgrades ABBN VX, Akros initiates ANIM IM (accumulate), CBK downgrades WCH GY • Rabobank upgrades ARCAD NA, Danske upgrades MAERSKB DC & LUN DC and downgrades KCR1V FH, CS downgrades MGNT LI ••• Natixis downgrades FUM1V FH, Fidentis initiates INW IM (buy), DNB u

iates PSTG (pert), Stifel upgrades ARCB (buy) & cuts SNCR • Longbow downgrades BWLD & upgrades KMT, Piper downgrades PACB Europe Key Research: ••• Liberum upgrades SDF GY & ICL IT, Jefferies initiates SRG IM (buy), Citi downgrades G IM (sell), Barcap downgrades CCH LN • Alpha Value downgrades SWEDA SS

OR LN), Citi upgrades TLSN SS & TDC DC ••• JPM resumes TIT IM (ow), SocGen initiates PKP PW (buy), Citi upgrades RBP SJ, BofA downgrades PEO PW ••• Danske upgrades NOBI SS, Kepler downgrades GXI GY & upgrades HEIJM NA, Investec downgrades UKM LN • BofA upgrades NRE1V FH, JPM downgrades ENG PW, Barclays

upgrades HEIJM NA, Investec downgrades UKM LN • BofA upgrades NRE1V FH, JPM downgrades ENG PW, Barclays downgrades ATL IM, Citi upgrades PNL NA ••• Liberum upgrades LMI LNM, Raja upgrades WOS LN, BofA downgrades ULE LN, KBC downgrades TNET BB ••• Bernstein initiates STJ LN (mp) & HU LN (up), Canaccord u

RD LI, SocGen downgrade UBSN VX, Goodbody upgrade EZJ LN, Numis downgrades LSE LN ••• Natixis reit buy Fl IM & neutral UG FP, Numis upgrade STJ LN, Danske downgrade FUM1V FH, Intermonti upgrade IT IM, BZU IM, CEM IM Reporting Pre-Open: COV, HAL, HON, KMB, PG, WY, ACO, CMCO, IMGN, LKFN, OSK, PB, TMP, W

R IM, ULVR LN) ▪ DB downgrades PC IM, reit underperform NOK1V FH, CS downgrade Turkish Banks, Citi downgrade LONN VX ••• Chevreux downgrade GEO IM, Liberum upgrade NGI LN, Davy downgrade KNIN VX & upgrade TNTE NA, Exane downgrade BIM FP ••• Citi initiate TUI1 GY (b), downgrade NORD LI, SocGen downgrade