ti upgrade KCO GY, ICL TI, downgrade KOMB CP, Barc initiate EVK GY • UBS downgrade VCT LN, add RBS to key call list — cut STAN LN ••• JPM downgrade BES PL, STAN LN, GS add COLOB DC to GS cony buy list • CS downgrade INTU LN, ATK LN, upgrade CLN VX, DB upgrade BG/ LN ••• MS add IHG LN to best ideas, Bo

itiate BAW 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, LXR