A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Citi cuts French media group Vivendi  VIV.PA  to
"neutral" from "buy" as the company's risk/reward appears fairly
balanced after the proposed spin-off of Universal Music
 urn:newsml:reuters.com:*:nL8N2KM2DM
    ** Jefferies raises British industrial group Rotork  ROR.L 
to "buy" from "hold", pointing to the company strong EPS growth
potential helped by high margins, strong balance sheet and
organic constant currency sales outlook  urn:newsml:reuters.com:*:nL4N2KM1N1
    ** Credit Suisse upgrades German exchange operator Deutsche
Boerse AG  DB1Gn.DE  to "outperform" from "neutral", citing 17%
share price upside potential and the outlook for double digit
earnings growth to 2023  urn:newsml:reuters.com:*:nL8N2KM1HV
    ** Jefferies raises British postal firm Royal Mail  RMG.L 
to "hold" from "underperform", saying the peak season was better
than expected due to an improving parcel price/mix  urn:newsml:reuters.com:*:nL4N2KM232
    ** Deutsche Bank cuts Swedbank  SWEDa.ST  to "hold" from
"buy" on headwinds from lower shareholder return, cost pressure
and net interest income 
    ** UBS raises Austrian oil and gas group OMV  OMVV.VI  to
"buy" from "neutral", considering contribution from Borealis
unit and pace of deleveraging as underestimated by the market
    
    
(*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.)


 ((Anna.banacka@thomsonreuters.com;
boleslaw.lasocki@thomsonreuters.com))