BUZZ — Exane 'moving off the fence' on Sabadell, upgrades to 'outperform'
* Exane BNP Paribas upgrades Banco Sabadell to "outperform" from "neutral", saying the lender's new management has an opportunity to reverse past decisions that led to "relatively low" return on tangible equity * The broker says it is moving off the fence on Sabadell, seeing accelerating fees and lower non-performing a