** Investec closes its "trading buy" on RBS and TSB, arguing rally will have played out after the marketopens today.
** RBS already up 2.1 pct this week, with stock seen upanother 2-3 pct this morning along with Lloyds
** "Following confirmation of a decisive 'No' vote, weexpect a broad-based relief rally this morning, to include thethree UK banks with actual or perceived Scottish exposure," saidInvestec analyst Ian Gordon.
** "Thereafter, we see little further upside for RBS or TSB(Hold), so close our "trading buy" on both names. Onfundamentals, Lloyds remains our preferred 'Scottish' bank."
** Upgraded RBS from "sell" to "hold" on 10 Septemberfollowing poll suggesting lead for 'Yes' campaign, arguing stockhad been oversold.
(RM: alasdair.pal.thomsonreuters.com@reuters.net)