A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** Berenberg cuts Danish wind turbine maker Vestas VWS.CO to "hold" from "buy", citing risks in offshore and service divisions
INITIATIONS AND REINSTATEMENTS
** Bernstein initiates Aalberts AALB.BR with an "outperform" rating as the Dutch industrial engineering firm offers an appealing investment case and attractive valuation upside of almost 45%
** Peel Hunt starts Intertek Group ITRK.L with an "add" rating as the British product testing company is well positioned to capitalise on high-margin growth in structurally expanding industry
(*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 Tiago Brandao and Gianluca Lo Nostro)
((Tiago.Brandao@thomsonreuters.com; gianluca.lonostro@thomsonreuters.com))
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