grades INTU, Steme initiates SYNA (buy), Baird initiates GLRI (op) Europe Key Research: • Bofa initiates PETS LN/SHF SJ (buy) & upgrades ETE GA and RMG LN (buy) • Cantor initiates SRSP LN (buy), Citi upgrades AZN LN/LAM LN/HSBK LI (buy) • CS initiates PLND LN (neut), GS upgrades RUSAL FP (buy), Equine

h GS on 23M shares of Tesco (SPD LN -0.75%) (TSCO LN -0.74%) • UK Mail trends in Q2 disappoint, September parcel data weak (UKM LN trading -13.2%) (RMG LN -3.4%) • AB Inbev strategy chief Jo Van Biesbroeck sells E2.21 million worth of stock (trading +0.30%) • Cairn Energy announces a reduction of it