A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** J.P.Morgan upgrades Italy's construction materials producer Buzzi BZU.MI to "overweight" from "neutral" citing cheaper valuation for compared to sector staples and its high exposure to Germany
** The brokerage also "tactically" lifts Swiss chemical group Sika SIKA.S to "neutral" from "underweight" on the stock's recent underperformance against wider construction sector
** Deutsche Banks upgrade its top-pick British restaurant and bar operator Compass Group CPG.L to "buy" from "hold"
(*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 Mateusz Rabiega and Boleslaw Lasocki)
((Mateusz.rabiega@thomsonreuters.com;))