do downgrade ITRK LN, upgrade MEC CY, MF downgrade SZG GY • BofAML downgrade RSL LN, upgrade LGEN LN, Citi downgrade SW FP, ALV GY • Danske upgrade ROCKB DC, DBK upgrade EBS AV, RBI AV, MAQ downgrade SVT LN ••• GS upgrade European Banks, Telecoms, UK Homebuilders, downgrade European Media, Industrials, C

, NOK1V FH, Exane downgrade FME GY • Nomura upgrade ELI1V FH & downgrade TEL2B SS, Carg upgrade GETIB SS, Exane downgrades GFC FP ••• HSBC initiate ROCKB DC (ow), upgrade CWI AV, HOLN VX, SRP LN, downgrade GEBN VX, RBC initiates FOGL LN (op) RBC initiate FOGL LN (op), Barclays upgrade EBS AV, RBI AV, AB