), Beren downgrade DIA IM, u/g ETL FP • RBC downgrade STAN LN, SGE LN, Cantor downgrade IHG LN, SBRY LNA2A IM, u/g ICL IT, KCO GY • Numis downgrade RTN LN, Exane downgrade DELB BB, Akros downgrade MED IM, LTO IM EFTA00390787 Chev downgrade IFX GY, restart PSON LN (r), IBE SM (b), Equita downgrade PMI

ade AALB NA • UBS upgrade TL5 SM, initiate ASC LN (b), cut AIP SJ from least pref list • Barc downgrade SAP SJ, Citi initiate EVK GY (s), downgrade RTN LN, upgrade YOOX IM • BofAML upgrade BT/A LN, GS upgrade OCDO LN, CS upgrade ASHM LN & SZG GY • CS short list names: AZN LN, EN FP, CARLB DC, CNA LN,