BUZZ-Top of the Street: BP, Lufthansa, Ocado A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Morgan Stanley cuts British oil firm BP BP.L to "equal weight" from "overweight", saying Q2 results of European energy groups are "unlikely" to surprise positively ** Stifel cuts Lufthansa LHAG.DE to "sell" from "hold", expecting "severe" pressure on consensus estimates for the German airline following Friday's profit warning ** Bernstein cuts Ocado OCDO.L to "un

BUZZ-Stifel cuts Lufthansa to 'sell' on yields pressure, higher costs, inefficient capacity growth ** Stifel cuts the German carrier Lufthansa LHAG.DE to "sell" from "hold", citing yields pressure, higher costs and inefficient capacity growth ** The company last week slashed its 2024 earnings guidance for a second time and issued a profit warning f

EUROPE RESEARCH ROUNDUP-Anglo American Plc, Capricorn Energy, Ericsson July 15 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Anglo American Plc, Capricorn Energy and Ericsson, on Monday. HIGHLIGHTS * Anglo American Plc AAL.L : Barclays raises target price to 2740p from 2600p * Capricorn Energy CNE.L : Peel Hunt raises to add from hold * Ericsson ERICb.ST : Jefferies raises target price to SEK 82 from SEK 70 * Glencore GLEN.L : Ba

BUZZ-Air France-KLM falls as HSBC downgrades to 'hold' ** Shares of Air France-KLM AIRF.PA are down 1% after falling as much as 2.4% as HSBC downgraded to "hold" from "buy" ** It flags low traffic due to the Olympics and weaker efforts to restructure company cost base by the new French government ** "Unit costs increased by 4% YoY in Q1, and the co

BUZZ-Lufthansa turns negative after guidance cut ** Shares in Lufthansa LHAG.DE reverse course and fall as much as 3.8% after the German carrier cuts its FY earnings guidance, due to market-related decline in yields in all traffic regions, especially in Asia ** "Market was somewhat expecting this in the context that if you looked at the short inter