AT&T downgraded to Hold from Buy at HSBC
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Iliad downgraded to Hold from Buy at HSBC
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Iliad downgraded to Hold from Buy at HSBC
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Copa Holdings downgraded to Hold from Buy at HSBC
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Aareal Bank downgraded to Hold from Buy at HSBC
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Kion Group downgraded to Hold from Buy at HSBC
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Go-Ahead Group downgraded to Hold from Buy at HSBC
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Stagecoach Group downgraded to Reduce from Hold at HSBC
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Porsche downgraded to Hold from Buy at HSBC
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United Utilities downgraded to Reduce from Hold at HSBC
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Pennon Group downgraded to Hold from Buy at HSBC
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Braskem downgraded to Hold on valuation at HSBC
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Volkswagen downgraded to Hold from Buy at HSBC
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Credicorp downgraded to Hold from Buy at HSBC
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Credicorp downgraded to Hold from Buy at HSBC
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Bilfinger downgraded to Hold from Buy at HSBC
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Clarkson downgraded to Hold from Buy at HSBC
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Xtep downgraded to Hold from Buy at HSBC
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Epiroc downgraded to Hold on valuation at HSBC
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Epiroc downgraded to Hold from Buy at HSBC
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Merck KGaA downgraded to Reduce from Hold at HSBC on valuation
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