A round-up of notable broker activity this morning from Europe’s top-ranked* analysts:
** BHP Billiton: Citi ups to “buy”, saying it does not see increased protectionism as a major impediment to global growth and upside risk from the divestment of U.S. shale assets
** Following a pullback in Electrocomponents shares, Numis raises the stock to “buy” and upgrades earnings forecasts after a “strong finish” for the year in growth and margins
** Mining: RBC raises precious metals to “overweight” and uranium to “market weight” while reducing base metals to “market weight” and diversified and bulk commodities to “underweight”
*Analyst rankings from Thomson Reuters StarMine. Scale is from 1-star to 5-star with 5 being best. Analysts ranked on earnings accuracy as well as relative performance of recommendations over trailing 12-month & 24-month periods.