coverage: EDPR PL (ow), AMS SM (ow), ASML NA (ow) • ABG downgrades SUBC NO, Akros upgrades IPG IM, Berenberg intiiates FBD ID (buy) • DB downgrades BA/ LN, Equinet upgrades FRA GR, GS upgrades YKBNK TI, ING initiates SIP BB (h) • JPM upgrades DEB LN, Kepler initiates IPG IM, Enskilda upgrades IJ SS, So

AW SJ (s) and downgrade ENRC LN • HSBC initiate INCH LN (ow), uig VASTN NA, DOAS TI, WHA NA, dig EOAN GY, CORA NA, COFB BB SocGen downgrade BES PL, BA/ LN, REP SM & upgrade MGGT LN, MTX GY Reporting Pre-Open: AWR, AXAS, BECN, BTN, CDTI, DRH, EGT, ERF, ETAK, EVEP, GFI, HL, HZNP, LIWA, LMIA, LXRX, MGA,