Fidentis initiates INW IM (buy), DNB upgrades HPOLB SS, Numis initiates DNL LN (buy) • MS downgrades PGS NO, SPM IM, CFF FP, DNB upgrades ENTRA NO, Baader upgrades SZG GY, Carnegie upgrades METSB FH • Evercore downgrades UHR VX, Evli downgrades LAT1V FH, GS removes ABBN SW from CL Sell list, JPM downg

es HGG LN & SDA1V FH, GS downgrades SPT LN & CORA NA, UBS downgrades LRE LN • Commerzbank upgrades WCH GY, JPM upgrades ADP FP & downgrades FFtA GY, Baader downgrades BEI GY ••• Kepler initiates F IM (reduce) & HAW GY (buy), Nordea downgrades VWS DC, Exane upgrades CBK GY ••• Investec upgrades HSBA LN,