>>> Auto Sector at Exane

*BMW REINITIATED AT UNDERPERFORM AT EXANE; PT EU84 *VOLKSWAGEN PREF REINITIATED AT NEUTRAL AT EXANE; PT EU216 *PORSCHE INITIATED AT UNDERPERFORM AT EXANE; PT EU75 *PEUGEOT REINITIATED AT OUTPERFORM AT EXANE; PT EU17 *RENAULT REINITIATED AT UNDERPERFORM AT EXANE; PT EU63 *FIAT REINITIATED AT UNDERPERFORM AT EXANE; PT EU4 *DAIMLER REINITIATED AT OUTPERFORM AT EXANE; PT EU74