LN, • Numis initiates BKY LN (buy), Pohjola upgrades AKTAV FH and LAT1V FH (buy) • Panmure upgrades GSK LN (buy), UBS cuts ENI IM/DBK GR & upgrades ATO FP (buy) Reporting Pre-Open: ATI, BK, CMCSA, GPC, HOG, IPG, ITW, MCD, OMC, PLD, PNR, RF, SPG, TRV, UTX, XRX, ACI, AKS, AOS, ASTE, CIR, CNC, CSL, CTG,

ld) ▪ Commerzbank upgrades HENS GR/OR FP (buy), CS downgrades MPI LN/EXPN LN/MPI FP & upgrades GFS LN/STHR LN ▪ DB downgrades TCELL TI & initiates ATO FP (hold) and CAP FP (sell), Equinet downgrades FRA GR • GS downgrades FLU AV and KNIN SW (sell), Jefferies downgrades AGK LN, JPM downgrades EUR PW, J