JPM upgrade ADEN VX • BofAML upgrade ACL SJ, add GLEN LN to Europe 1 list, Barc downgrade NES1V FH, EZCH IT ••• GS initiate TBS SJ (b), AVI SJ (b), PFG SJ (s), NPK SJ (n), upgrade ENKAI TI, SIBN RM, downgrade RDGZ KZ • SocGen upgrade JSW PW, SEB downgrade TEL2B SS, HSBC upgrade RGS LN, MBTN SW ••• Jef

ngrade 117 LN Berenberg downgrade VOD LN, Berenberg downgrade LG FP, CS downgrade ELI1V FH CS upgrade TDC DC, Exane upgrade DELB BB, BofAML upgrade PFG SJ, Akros cuts BMPS IM HSBC upgrade DEB LN, Citi initiate UU/ LN (b), JEFF upgrade GFS LN, Nomura upgrade MC FP UBS cuts RSL LN, Raja initiate ZIGGO N