wngrade AV/ LN, AGN NA, CS downgrade URKA LI, ICL IT ••• Citi downgrade URKA LI, SDF GY, names SSE LN least pref — replace PNN LN ••• DBK downgrade NXT LN, upgrade IN LN, PWTN SW, MAQ downgrade DSV DC, SDF GY • Mirabaud upgrade ABI BB, RBC downgrade STHR LN, Investec upgrade GKN LN • HSBC upgrade WCH

COLR BB, Barc -Eve ABI BB, Beren initiate VASTN NA (b) ••• MAQ remove ITV from cony buy, downgrade RWE GY, upgrade AF FP ••• HSBC downgrade BNR GY, NXT LN, Citi downgrade DUFN SW, upgrade PLT IM ••• Medio upgrade BRE IM, Exane initiate GKN LN (b), KepChev upgrade PRS IM ••• Natixis downgrade SAN FP, J