downgrade UBSN VX ••• HSBC upgrade EBS AV, UCG IM, Natixis downgrade SWMA SS • Exane add GRF SM to key ideas, Oddo downgrade DIA SM IMI downgrade MB IM, KepChev downgrade BSA GR, DBK d/g VOE AV, AZM IM Reporting Pre-Open: ADP, AMT, BWA, CMCSA, EXC, GAS, GLW, GM, GRMN, HES, PCG, PEG, PSX, PX, SEE, SO