es AV/ LN Key Research: Citi upgrades DELB BB, MS downgrades PSON LN, Berenberg upgrades TDC DC, Key Research: UBS upgrades ELN ID, BofA initiates GENL LN (buy), Commerzbank downgrades EOAN GY Reporting Pre-Open: EL, HD, TJX, ACRE, ADGE, AG, AMAP, CACH, CLSN, CTFO, DKS, DSCI, ENG, ESLT, FLO, IDSA, KI

upgrade TEL2B SS, CBK upgrade EVK GY, AMP IM • BofAML downgrade WDH DC, SZG GY, AKE FP, BAS GY, upgrade El FP, Al FP, LIN GY • DB initiate AOI SS, GENL LN, OPHR LN (buy), AFR LN, CNE LN, LUPE SS, TLW LN (hold) • Exane upgrade PIC LN, HSBC downgrade HGG LN, HG1 GY, B1O3 GY, RBC downgrade DETNOR NO • JE

initiates HSH Key Research: cuts GLE FP Key Research: Key Research: downgrades BLT Key Research: ASSAB SS Key Research: (op) HSBC upgrades GENL LN / MOBB BB / AKZA NA, Nomura downgrades STL NO, Santander Commerzbank upgrades KNIN VX, Santander upgrades CA FP, HSBC downgrades SY1 GY BofA downgr