, 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, downgrade SAP SJ, UPM1V FH • DB downgrade DANSKE DC, upgrade DMGT LN, Exane upgrade TSCO LN, Chev downgrade TLSN NO ••• Swedban

t — SFER IM removed • HSBC upgrade SBS GY, JPM downgrade MLP GY, RAL FP, CO FP, RBC upgrade FRES LN • MS upgrade FUM1V FH, Fl IM, downgrade SEV FP, VOLVB SS, resume MAN GY (ew), Oriel u/g RCP LN, d/g REX LN • SocGen upgrade GLEN LN, POM FP, Investec upgrade MONY LN, SEB upgrade IFSB SS, ORNBV FH • Exane