ls, Chemicals ••• HSBC downgrade ML FP, SIX2 GY, initiate ARM LN (ow), upgrade PC IM, • Nordea upgrade ROCKB DC, Numis downgrade ICP LN, MS upgrade SGC LN • UBS downgrade ANTO LN, initiate MUV2 GY (b), SREN VX (n), Liberum initiate APR LN (s) Reporting Pre-Open: ANF, DLTR, GME, PDCO, TGT, BKE, BONT, BRC

LN VX, DB upgrade BG/ LN ••• MS add IHG LN to best ideas, BofAML downgrade PFV GY, MRW LN, NOEJ GY • Cana downgrade CSR LN, Oriel downgrade BBY LN, SGC LN, upgrade NEX LN ••• SocGen upgrade BBVA SM, Medio initiate MSK LN (op), Beren downgrade DIA IM, u/g ETL FP • RBC downgrade STAN LN, SGE LN, Cantor