N, SocGen initiate FNAC LN (b) •••• JEFF initiate LHA GY (b), IAG (b), AF FP (up), EZJ LN (h), RYA ID (b) • DBK downgrade SWEDA SS, KepChev pushing UBM LN & INF LN, Fidentis dig PIA IM ••• Natixis upgrade BATS LN, downgrade IMT LN, Exane upgrade SOLB BB ••• MainFirst downgrade AF FP, Numis initiate CWD LN (h),