grade 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 downgrade ES IM, ELE FP, Chev restart