a upgrades ITX SM, Espirito downgrades KD8 GY, Peel Hunt initiates STGR LN (buy), RBC upgrades GFS LN ••• SocGen downgrades IAP LN, Natixis upgrades KBC BB &ARM LN Reporting Pre-Open: GIS, MON, LNN, PKE, UNF EFTA00388345 Reporting Post-Close: PAYX, BBBY, CWST, FUL, MLHR, PRGS, TEP Economic Data: MBA Mortgag