N, PER LN, NHY NO • Mainfirst downgrade SFER IM, Nordea downgrade SWECB SS, Numis upgrade PSN LN • UBS downgrade KINVB SS, RMV LN, FNTN GY, upgrade AVV LN, SAP GY, Lampe upgrade GIB GY Reporting Pre-Open: MON, STZ, AZZ GBX, MSM, RPM, SCHN, SEED, UNF Reporting Post-Close: BBBY, GPN, MG, NAUH, RELL, RT,

e TLX GY (hold), DB initiate SDRL NO (buy), Barc downgrade CPR IM HSBC downgrade EOAN GY, UBS downgrade IAG LN, HSBC downgrade DPW GY UBS downgrade AVV LN, RBC upgrade AVV LN Reporting Pre-Open: HD, TJX, ACM, AUQ, BGMD, BRD, DKS, EGT, ESLT, FRGI, GMET, HPJ, HZNP, KORS, NTI, ORBT, PLUG, RGDX, SRA, SCON

Barclays upgrades EBS AV & RIBH AV • UBS upgrade & add ARM LN to key call list — RBS LN removed, upgrade RRS LN, Oriel upgrades RTO LN ••• UBS make AVV LN most pref stock — replaces FENR LN, HSV LN least pref stock — replaces RSW LN ••• MS resume LSE LN (ow), DB downgrade ADS GY, BofAML upgrade UHR VX,