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Top of the Street: Burberry, Evonik, Evoke, Mowi, Whitbread
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J.P. Morgan downgrades Burberry to 'underweight' and Evonik due to industry oversupply concerns. Berenberg cuts Evoke to 'hold' citing UK tax impacts. Mowi upgraded to 'buy' by JPM on expected higher prices and lower costs. Bernstein downgrades Whitbread to 'underperform' due to business rate changes. Exane BNP Paribas initiates Weir Group, Smiths Group, and IMI with 'outperform' ratings. Goldman Sachs starts Knorr Bremse, Rational, Addtech, and Trelleborg with 'buy' ratings.
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