BUZZ-Serco: RBC raises to "sector perform"
** Outsourcing firm Serco's shares up 2.1 pct, among top FTSE midcap gainers, after RBC (Other OTC: RBCI - news) raises to "sector perform" from "underperform", keeps 95p PT
** RBC analysts see "more limited downside and the balance sheet is no longer an issue post the Intelenet disposal"
** Co's 28 pct YTD fall easily underperforming 6.4 pct YTD gain in the FTSE midcap index and 6.7 pct YTD gain in the Stoxx 600 Industrial Goods and Services Index
** Serco has been rocked by a series of profit warnings which have seen its share price slump >80 pct from a peak in July 2013 (venkateshasoumithri.mamidipudi.thomsonreuters.com@reuters.net)