ird downgrades ACHN, Piper upgrades CRY, Stifel upgrades DEI, JMP initiates ITCI (op) ,Drexel Hamilton initiates CRM (hold) Europe Key Research: • Banca Akros upgrades CVAL IM, Barcap initiates IEH LN (ew), Bryan Gamier downgrades SOI FP, Handlesbanken cuts DNB NO/RCL • Exane cuts SOI FP/SCMN SW & upgrade