BUZZ-Berendsen: top Stoxx gainer on HSBC upgrade

** Commercial laundry company Berendsen +c.6%, top Stoxx gainer & heading towards best day since Feb 2012

** HSBC upgrades to "buy" from "hold" after cutting TP to 1,070p from 1,225p, saying that management capable of addressing issues at heart of tough few months for BRSN

** Adds BRSN's troubles (co warns FY profit in Oct (Shenzhen: 000069.SZ - news) ) now priced into shares (-28% YTD to close at 774.5p on Wed)

** Co warns in Oct on higher-than-expected costs incurred in hospitality business & parts of workwear laundry business due to operational instability over peak summer months

** Analyst ratings: 4 "buy" or higher, 5 "hold" & 2 "sell" or strong sell, median TP at 1,004p

** Over 40% 30 day avg vol through in c.2 hrs of trade, with stock also trading at top of FTSE midcap index

(RM (LSE: RM.L - news) : esha.vaish.thomsonreuters.com@reuters.net)