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BUZZ-Top of the Street: Renault, Royal Mail, ProSieben, Jyske Bank

Reuters - UK Focus

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

** Morgan Stanley (Xetra: 885836 - news) on Renault (LSE: 0NQF.L - news) : "too cheap to sell here; no catalyst to buy". The broker ups co to "equal-weight" saying that with the shares down 30 pct, expectations are now much lower and the falling share price suggests an improving risk/reward ratio

** Expecting Royal Mail shares to deliver a 5.1 pct income yield with little probable scope for capital return surprise, RBC raises the stock to "sector perform"

** ProSieben: UBS (LSE: 0QNR.L - news) upgrades to "neutral", believing that on

** Handelsbanken raises Jyske Bank (LSE: 0MGD.L - news) to "buy", saying that the market is underestimating "the good qualities" that Jyske Bank possesses, namely strong lending growth and substantial synergy potential

(*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)