(buy), Madison Williams downgrades FST/IOC Key Research: Wells initiates R (op) & raises DE estimates, Jefferies downgrades WMS & initiates ITYBY/REMYF (hold) & BTI/DEO (buy) Key Research: Roth initiates ONCC (buy), Piper initiates AVII (ow), SocGen initiates UK Food & Staples Retailers (uw) Key R