BUZZ-UK Pubs: mixed picture
** JD Wetherspoon top of FTSE 250, +3.7%, with Marston's & Greene King among the biggest fallers on the index
** Berenberg raises JD Wetherspoon to "hold" from "sell" saying while co has deployed capital poorly in recent years, its app has created strong lfl sales momentum, which it expects to continue near term
** JD Wetherspoon recently hit a record high after profit beat
** Berenberg downgrades Marston's to "hold" from "buy", says lfl sales outlook remains unclear
** Berenberg cuts Greene King (Frankfurt: A0F66P - news) to "sell" from "hold"; flags lfl sales are deteriorating, margins are declining, there appears to be no deleveraging ahead, and there is some risk that the new CFO (who is joining in December) could look to re-base expectations more materially