LND LN (neut), Bankhaus Lampe downgrades LXS GR • KBC downgrades RES BB, ABN upgrades AKZA NA, Nomura initiates PETS LN (buy) • Espirito downgrades NUM FP (sell), SocGen upgrades KPN NA (buy) & downgrades RMS FP • Swedebank downgrades MEO1V FH/NCC LN, MS downgrades ING FP, Raja cuts DGE LN, • Numis in

sell its SFR phone unit to Altice in a deal valued at more than E17 billion (Altice beat out a government-backed offer from Bouygues) (VIV FP +1.5%, NUM FP +13.9%, ATC NA +8.5%, EN FP -5.9%, ILD FP -6.0%, ORA FP -1.3%). But outside of that European markets are getting hit as the rotation out of higher