BUZZ-Top of the Street: round-up of highly rated analyst action in Europe

Ratings & estimate changes by Europe's top-ranked* analysts:

** Carlsberg - CS cuts estimates slightly on FX, lowers target price, keeps outperform.

** Nestle (VTX: NESN.VX - news) - CS downgrades to neutral, cuts estimates & target price, cites rich valuation, looking for disposal of US businesses (frozen & ice cream).

** Sandvik (Stockholm: SAND.ST - news) - UBS (4-star analyst), cuts to sell & lowers earnings estimates, earnings momentum peaking, mining capex to remain restricted.

** Heidelberg Cement - HSBC (5-stars), cuts to underweight, fully valued, Indonesia competition pressures, US recovery tailwind petering out.

** Remy Cointreau (Frankfurt: RMC.F - news) - Goldman Sachs (NYSE: GS-PB - news) cuts to neutral, losing market share.

** Lonmin (Frankfurt: LRH.F - news) - UBS (4-stars), cuts estimates & target price to 290p, 2014 EPS forecast cut 41%, on strike.

** Babcock - GS (KSE: 078935.KS - news) (5-stars), re-iterates CL-buy, Avincis acquisition opens up new markets.

** Amer Sports (Other OTC: AGPDY - news) - Nordea (4-stars), upgrades to buy, P/E discount to peers stretched,

** H & M - SocGen (Paris: FR0000130809 - news) (5-stars), cuts FY EPS forecast by 3% but keeps buy, sees sales staying strong rest of the year (sees March sales up 14%).

* 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 a trailing 24-month period.

(Stocks Buzz is a pilot project. Please send any feedback or suggestions to vikram.subhedar@thomsonreuters.com) (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)