BUZZ-Top of the Street: Pandora, G4S, Henkel, Nokian Tyres, Kone

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

** JP Morgan revisits its forecasts for G4S PLC (Copenhagen: G4S.CO - news) as co will have to pay between USD 100-130 mln as a result of class action settlement in California, now sees co's fundamentals as "somewhat weaker" -- cuts to "neutral" from "overweight"

** Henkel AG (LSE: 0IZ8.L - news) & Co Kgaa: "Positive data points are unlikely to materialise until 2020" Berenberg says, adding that catalysts to realise a higher rating are lacking -- cuts co to "hold" from "buy"

** RBC Capital Markets sees Pandora (LSE: 0NQC.L - news) 's store network in UK over-extended, contributing to brand saturation -- downgrades co to "underperform" from "sector perform"

** 5-star ranked Inderes cuts Nokian Tyres Plc to "increase" from "buy" due to the rise in co's shares price in the beginning of the year, as well as signals from the industry pointing to weak results in the next quarters

** Top-ranked Exane BNP Paribas cuts Kone (LSE: 0II2.L - news) to "neutral" from "outperform", saying its shares now price in a margin recovery and some potential for large-scale M&A

(*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.)