portfolio ••• UBS positive ASC LN, Citi downgrades HGG LN, BofA upgrades RIBH AV, AV/ LN, SMDR LN ••• Citi downgrades CWC LN, Commerzbank upgrades SFQ GR, DB initiates KGX GR (buy) • HSBC downgrades TFA GR, HSBC initiates ANH LN, JPM upgrades MFON RU, Mirabaud downgrades FUN SW • Nordea downgrades RT