BUZZ-Best of the Street: round-up of top-ranked analyst action in Europe
Ratings & estimate changes by Europe's top-ranked* analysts:
** ESS - Credit Suisse (NYSE: CS - news) , initiates with neutral, sets TP 3.75.
** Akzo Nobel (Amsterdam: AKZA.AS - news) - Citi adds to Europe focus list, (removes Linde (Berlin: LIN.BE - news) ).
** Monitise (Berlin: AC4.BE - news) - Goldman reiterates conviction list buy after Mastercard announcement.
** Kingfisher (Frankfurt: KFI1.F - news) - Deutsche upgrades to buy following numbers, capital return.
** ArcelorMittal (Other OTC: AMSYF - news) - Kepler Chevreux (5-star analyst), cuts to reduce from hold.
** Accor (Paris: FR0000120404 - news) - JPMorgan (4-star analyst on StarMine), ups to overweight.
** National Grid (LSE: NG.L - news) - Macquarie (top-ranked analyst on earnings accuracy), initiates with underperform, TP 750p.
** ACS (Madrid: ACS.MC - news) - SocGen (Paris: FR0000130809 - news) (5-star analyst, top ranked), raises target price to 32.1, buy.
** Next PLC (LSE: NXT.L - news) - UBS (Xetra: UB0BL6 - news) , (5-star analyst, top-ranked on earnings accuracy), ups target price to 7000p from 5650p, rating neutral.
** Novatek (MCX: NVTK.ME - news) - SocGen (5-star analyst), raises to buy from hold.
** Tyman (LSE: TYMN.L - news) - Jefferies (5-star in sector), raises target price to 369p from 269p, keeps buy.
* Analyst rankings from Thomson Reuters StarMine. Scale is from 1-star to 5-star with 5 being best. Analysts ranked on earnings accuracy as well as relative performance of recommendations over a trailing 12-month period.
(Stocks Buzz is a pilot project. Please send any feedback or suggestions to vikram.subhedar@thomsonreuters.com) (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)