BUZZ-Top of the Street: Atos, BP, Neste, Centrica
A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** Top analyst HSBC downgrades Atos (Paris: FR0000051732 - news) to "hold" due to lower than expected revenue growth; cuts PT to EUR 120 from EUR 140
** BP gets upgraded to "outperform" by RBC Capital Markets as broker expects improved earnings and cash generation to show through in early 2018
** 5-star Evli Bank analyst Markku Järvinen downgrades Finland's Neste (LSE: 0O46.L - news) to "sell" on challenging valuation
** Centrica (Frankfurt: A0DK6K - news) : RBC Capital Markets expects dividend of 12.0p/share to be maintained and upgrades to "outperform", although sees no significant growth over the medium term
(*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.)