BUZZ-Top of the Street: Coca-Cola, Burberry, Next, ABB

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

** Jefferies raises Coca-Cola HBC to "buy" on accelerating growth and acquisition opportunities

** Burberry: Kepler Cheuvreux downgrades to "reduce", believing “there is some risk of disappointment as turnaround stories often take more time than anticipated”

** Credit Suisse (IOB: 0QP5.IL - news) raises Next Plc (LSE: NXT.L - news) to “neutral” on sustainable reasons behind Directory growth re-acceleration, despite longer-term concerns over the scale of the UK store park and sustainability of credit growth

** Jefferies raises ABB (LSE: 0NX2.L - news) to "hold" on share price underperformance; optimistic on organic sales growth thanks to stabilizing end-markets

** Credit Suisse believes US tariffs on steel raise short term risks for Tenaris; cuts to "neutral"

** Spie (Swiss: OXSPIE.SW - news) : “Risk-reward has become attractive again, assuming that organic growth is improving and margin headwinds are behind us,” says Kepler Cheuvreux, upgrades stock to "buy"

** Morgan Stanley (Xetra: 885836 - news) upgrades Telenet (LSE: 0GAF.L - news) to "overweight", believing "recent news flow suggests things are starting to turn"; Broker points to co focusing on shareholder remuneration in H2 and increasing its buyback program to 300 mln euros

(*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)