A EFTA00361842 ••• UBS adds FRES LN to most preferred list & removes POLY LN from least preferred list, DB downgrades OGKE RX ••• Citi downgrades RMV LN, Exane initiates ALIV SS (op), Bernstein upgrades REL LN, Macquarie downgrades TSCO LN • Davy upgrades WOS LN, Beka upgrades EBRO SM, Equinet downgr

Y, AAL LN, upgrade MONY LN, 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,

BNP FP and upgrades BAER VX, Berenberg downgrades BAER VX • Commerzbank German TMT (top picks IFX GY, UTDI GY, FNT GY, SKYD GY) • Barclays upgrades RMV LN and downgrades SIS IM, MS upgrades UCG IM Reporting Pre-Open: ABBV, ABT, APD, ATI, BHI, CHKP, COH, DGX, GD, MCD, MOLX, MSI, PX, STJ, TEL, TXT, UTX,