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KGX Kion AG News Story

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Top of the Street: Man Group, Kion, Berkeley and Taylor Wimpey

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

** Jefferies downgrades German construction company Kion KGX.DE to "hold" from "buy" following a 68% YTD rally that left it with a smaller upside, with risks ahead as investor focus moves to earnings

** RBC raises U.K. based construction firm Berkeley Group BKGH.L to "outperform" from "underperform" while it cuts peer Taylor Wimpey TW.L to "sector perform" to "outperform"

** Citigroup cuts British investment management company Man Group EMG.L to "neutral" from "buy"

(*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 Paolo Laudani and Mateusz Rabiega)

 ((Paolo.laudani@thomsonreuters.com))

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