BUZZ-Compass Group: Bottom of FTSE after Barclays cuts

** World's biggest catering firm's shares down >2 pct after Barclays downgrades to "equal weight"

** Barclays says cuts after 10 years with an "overweight" rating

** Says has been long-term supporters of Compass and its relative strengths vs rest of the sector

** However, says valuation has now reached levels that make upside feel more limited on 12-month view and in short-term are more cautious

** Says expects another excellent quarter of organic growth when co reports on May 15, but is more negative about margins

** "One of the key bear points surrounding the caterers in recent years has been the rising capex % sales and a view that the industry is becoming more capital intensive with marginal ROCE deteriorating" - Barclays (Reporting By Geetha Panchaksharam)