SKFB SS, STAN LN, SWMA SS, SREN SW • MS downgrade GTO FP, DB initiate BAW SJ (s) and downgrade ENRC LN • HSBC initiate INCH LN (ow), uig VASTN NA, DOAS TI, WHA NA, dig EOAN GY, CORA NA, COFB BB SocGen downgrade BES PL, BA/ LN, REP SM & upgrade MGGT LN, MTX GY Reporting Pre-Open: AWR, AXAS, BECN, BTN,