BUZZ-Top of the Street: National Grid, Nestle, K+S, Publicis A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Citigroup cuts British energy infrastructure operator National Grid NG.L to "neutral" from "buy" and says the valuation now fairly reflects its growth prospects and policy support after an around 20% re-rating in the last four months ** Citi also downgrades Nestle NESN.S to "neutral" from "buy", saying the short-term earnings downside risk is too

EUROPE RESEARCH ROUNDUP-AstraZeneca, Danske Bank, Johnson Matthey Oct 3 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including AstraZeneca, Danske Bank and Johnson Matthey, on Thursday. HIGHLIGHTS * AstraZeneca AZN.L : Jefferies cuts target price to 11,400p from 11,700p * Baltic Classifieds Group Plc BCG.L : Berenberg raises target price to 360p from 300p * Danske Bank DANSKE.CO : JP Morgan cuts target price to DKK 185 from DKK 190 * John

BUZZ-Mars deal makes 'strategic and financial sense' for Publicis, Citi says ** Citigroup says Publicis' deal to buy Mars United Commerce "makes sense," renewing its rating on the French advertising group with "neutral" after suspension ** " Net/net, we think the deal makes both strategic and financial sense and should be well-received over time,"

PRESS DIGEST - Wall Street Journal - Sept 20 Sept 20 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Warner Music WMG.O expects to lay off an additional 150 employees, representing 13% of its total headcount, as part of a restructuring plan to boost its core recorded music business.

BRIEF-Publicis Groupe Acquires Mars United Commerce Sept 19 (Reuters) - Publicis Groupe SA PUBP.PA : PUBLICIS GROUPE ACQUIRES MARS UNITED COMMERCE, CREATING THE INDUSTRY-LEADING CONNECTED COMMERCE SOLUTION Source text https://tinyurl.com/2wc98p43 Further company coverage: PUBP.PA (Gdansk Newsroom)