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BUZZ-Top of the Street: Informa, European Insurance, Epiroc

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

** Informa: Peel Hunt cuts Informa to "hold" after near 30 pct rally from early Feb low

** Barclays, meanwhile, reinstates Informa with "overweight" (from rating suspended)

Broker notes Informa's shares have rerated through process of acquiring UBM but expected synergies are significant, management's confidence on organic revenue growth has improved, and broker sees good growth as sustainable, barring a global downturn

** Munich RE: Berenberg starts with “buy” rating, saying the co can improve profitability and exceed top-line expectations in its property and casualty reinsurance biz

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** Berenberg initiates coverage of SCOR with "buy" rating as it has clear growth opportunities and attractive diversification

** Hannover Rueck: "Despite exceptional track record and attractive long-term trends, we find it difficult to find upside at the current valuation levels," says Berenberg, starts with "hold" rating

** Berenberg starts Swiss Re with "hold" rating, says US risks remain

** Jefferies initiates coverage of Epiroc with "hold" rating, saying the co has an enviable position in mobile mining machinery market but there is insufficient upside for a "buy" rating

Broker flags Epiroc’s first day of trading saw the shares trade around SEK91 and, based on its published research, financials and valuation, sets its initial PT at SEK100

(*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.)