BUZZ-Top of the Street: Moneysupermarket.com, Compass Group, easyJet, Poste Italiane

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

** Berenberg downgrades Moneysupermarket.com to "sell" citing mid-term unknowns, margin headwinds and growth unlikely to inflect

** Bernstein cuts Compass Group to "underperform"; says many of the tailwinds to EPS growth are slowing, disruption risk is increasing and recession risk is intensifying

** EasyJet: Bernstein sees support from a c.5%dividend yield on cons. numbers, ups rating to "market-perform" citing more balanced risk-reward

** RBC cuts Aena to "underperform", expects regulatory risk to be priced in the next 12 months, sees risks on UK traffic (close to 20 pct)

** Kepler Cheuvreux downgrades Schibsted to "hold", sees ambitious management targets for Adevinta, forecasts modest margin leverage on marketplaces for years to come

** Kepler also downgrades Icade to "hold"

INITIATIONS AND REINSTATEMENTS

** Deutsche Bank initiates Poste Italiane with "buy", pointing to "prudent" management goals, long-term potential and digital backbone of the group

** Macquarie starts B&M European Value Retail with "outperform", sees "aggressively" priced general merchandise in fragmented markets driving significant competitive advantage and European success driving further upside

(*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.)