TL FP, JPM upgrade BBVASM, LKOH RM, NEX FP • BofAML downgrade RICHT HB, CGL LN, upgrade KOZAL TI, reinstate ABE SM (n), ATL IM (up), ••• GS upgrade PGE PW, initiate BEZQ TI, HSBC downgrade PGE PW, UBS downgrade ELN ID, +ve PP FP ••• SocGen upgrade KPN NA, downgrade VOLVB SS, CS upgrade MND SJ, downgrad