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BUZZ-Top of the Street: Intertek, Hannover Re, Fiat Chrysler

Reuters - UK Focus

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

** Intertek Group: Credit Suisse cuts to "underperform" saying that co is the most exposed to increasing global trade risks in its sub-sector due to its exposure to consumer and electrical products

** Hannover Re: in a note titled "quality at a price" Credit Suisse says that co's quality franchise is now better reflected in the share price, cuts stock to "neutral"

** FCA: "Meaningful upside from here looks increasingly dependent on FCA's ability to deliver supernormal profits or black swan events such as an M&A exit," says Jefferies, downgrading to "hold"

(*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)