BUZZ-Top of the Street: UK equities, Rotork
A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** JP Morgan analysts stay "underweight" on UK equities in contrast to a growing chorus of brokers becoming more positive on British stocks. The brokerage adds that it continues to prefer the European continent vs the UK and Switzerland
** Credit Suisse (IOB: 0QP5.IL - news) cuts Rotork (Frankfurt: RO41.F - news) to "underperform" on valuation and back-end-loaded margin progression
(*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.)