BUZZ-Top of the Street: Polymetal, CRH

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

INITIATIONS AND REINSTATEMENTS

** Berenberg initiates Polymetal with a "hold" rating, saying that the stock is fairly valued at the current share price, but given the compelling long-term story, the broker says it would look to add opportunistically to positions on any pullback in the gold sector

** Morgan Stanley assumes coverage of Irish building materials group CRH with an "overweight" rating, citing CRH's ambitious improvement plans that could translate into >80% upside in the broker's new bull case

(*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.) ,