WPP Share News (WPP)

** European media and internet stocks advance after J.P.Morgan Cazenove analysts review the sector and name their toppicks

** The sector looks set to outperform for a 6th year in arow (up +9 pct vs MSCI Europe YTD), JPM analysts say

** JPM analysts believe growth can continue in 2016 as someEuro ad markets improve, balance sheets are underleveraged,increased proportion of high growth online, and FCF and EPSgrowth is strong

** STOXX Europe 600 Media EUR Price Index up about 1pct

** JPM top picks include ITV, Vivendi, JustEat, Pearson, WPP and Publicis (all overweight)

** These stocks were up 1-3.5 pct in early trading

** JPM analysts say the top picks have strong balance sheetcapacity, high growth or turning around growth, and attractivevaluation vs peers

** Brokerage downgrades Rightmove RMV to "neutral"on valuation grounds; cuts Daily Mail and General Trust to "neutral", growing more cautious on its end marketsand applying lower multiples to its B2B assets

** Upgrades UBM to "overweight" on valuation groundswith China concerns more than priced in (Reuters Messaging:noor.hussain.thomsonreuters.com@reuters.net)