Top of the Street: Neste, Eutelsat, Fresnillo, Whitbread

A round-up of notable broker activity this morning from Europe's top-rankedanalysts:

Berenberg lowers its rating on Finnish oil refiner and biofuel producer Neste NESTE.HE to "hold" from "buy", citing continued margin pressure given worsening industry overcapacity

Goldman Sachs upgrades French satellite company Eutelsat ETL.PA to "neutral", acknowledging that last month's downgrade to "sell" was a bad call

Berenberg raises miner Fresnillo FRES.L to "buy" from "hold", highlighting improved financials, operational stability, and cost control in the company's FY results, which enhance visibility on shareholder returns

J.P.Morgan cuts British hotel group Whitbread WTB.L to "neutral" from "overweight", citing weak UK consumer spending, particularly among lower-income households

(*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.)