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BUZZ-Best of the Street: round-up of top-ranked analyst action in Europe

Tue, 25th Mar 2014 11:47

Ratings & estimate changes by Europe's top-ranked* analysts:

** ESS - Credit Suisse, initiates with neutral,sets TP 3.75.

** Akzo Nobel - Citi adds to Europe focus list,(removes Linde ).

** Monitise - Goldman reiterates conviction list buyafter Mastercard announcement.

** Kingfisher - Deutsche upgrades to buy followingnumbers, capital return.

** ArcelorMittal - Kepler Chevreux (5-staranalyst), cuts to reduce from hold.

** Accor - JPMorgan (4-star analyst on StarMine),ups to overweight.

** National Grid - Macquarie (top-ranked analyst onearnings accuracy), initiates with underperform, TP 750p.

** ACS - SocGen (5-star analyst, top ranked), raises targetprice to 32.1, buy.

** Next PLC - UBS, (5-star analyst, top-ranked onearnings accuracy), ups target price to 7000p from 5650p, ratingneutral.

** Novatek - SocGen (5-star analyst), raises tobuy from hold.

** Tyman - Jefferies (5-star in sector), raisestarget price to 369p from 269p, keeps buy.

* Analyst rankings from Thomson Reuters StarMine. Scale isfrom 1-star to 5-star with 5 being best. Analysts ranked onearnings accuracy as well as relative performance ofrecommendations over a trailing 12-month period.

(Stocks Buzz is a pilot project. Please send any feedback orsuggestions to vikram.subhedar@thomsonreuters.com) (RM: vikram.subhedar.thomsonreuters.com@reuters.net)

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