rades DB1 GR & downgrades G1A GR, Numis upgrades XAR LN (buy) • HSBC upgrades IAG LN/OPAP GA, Investec downgrades SPH LN/DIA LN • Jefferies assumes UNA NA/WPRO IN (hold) and TCS IN (buy), Bofa reinstates IRAO RU (buy) • Mainfirst initiates PTC PL/TIT IM (op) and TEF SM (up), MS cuts TRN IM & upgrades FIVE L