A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** Deutsche Bank upgrades Spanish banks Bankinter BKT.MC and Banco Sabadell SABE.MC to "buy" from "hold", citing resilient net interest income outlook
** KBC Securities cuts Dutch-Belgian supermarket operator Ahold Delhaize AD.AS to "accumulate" from "buy", citing limited share price upside to its new target price
** Barclays raises UK homebuilder Vistry Group VTYV.L to "equal-weight" from "underweight", saying it expects an increase in activity in the affordable market in the near term, which could result in a sharp turnaround in performance
(*Analyst rankings from Thomson Reuters StarMine. The scale is from 1-star to 5-star with 5 being the best. Analysts are ranked on earnings accuracy as well as relative performance of recommendations over trailing 12-month & 24-month periods.)
(Reporting by Jagoda Darlak and Clement Martinot in Gdansk)
((jagoda.darlak@tr.com, clement.martinot@tr.com))