rades AKS and VMW (conviction buy) & downgrades HAS and X/AONE/WHR (sell) Key Research: Jefferies downgrades WAG, Opco upgrades APC, JPM downgrades CHK/MBT/MOLX Key Research: RBC initiates RA (sp) & GWR/KSU (op), Macquarie initiates ANF/COH/LULU/M and others Key Research: Atlantic upgrades WYNN, Piper