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BUZZ-Top of the Street: Akzo Nobel, Whitbread

A round-up of notable broker activity this morning from Europe's top-ranked* analysts:

** Barclays (LSE: BARC.L - news) ups Akzo Nobel (Amsterdam: AKZA.AS - news) to "overweight", saying the stock offers good value after derating during the recent market correction and that co has potential for double-digit EBITDA growth over the next three years

** 5-star ranked Canaccord downgrades Whitbread (Frankfurt: WHF4.F - news) to "hold", to reflect the leap in share price following the Costa sale announcement and the more cautious trading outlook

(*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.)