BUZZ-Top of the Street: Aggreko, Rubis, SGS, Eurofins
A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** Credit Suisse (IOB: 0QP5.IL - news) upgrades Aggreko (Frankfurt: A1XFZR - news) to "neutral" on valuation grounds
** Berenberg downgrades Rubis (LSE: 0MUI.L - news) to "hold", says weakness in storage business in Q1 2018 is likely to persist in short- to medium-term
** Barclays (LSE: BARC.L - news) upgrades SGS (LSE: 0QMI.L - news) to "overweight", due to accelerating organic growth and recovery in oil & gas minerals industries
** Jefferies upgrades Eurofins Scientific (Hamburg: 719177.HM - news) to "buy" after co upgrades its revenue guidance
** Goldman Sachs (NYSE: GS-PB - news) reinstates Inmarsat (Other OTC: IMASF - news) and Eutelsat (Paris: FR0010221234 - news) with "neutral"
(*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 trailing 12-month & 24-month periods.)