BUZZ-BNP sees growing challenges for oil sector, downgrades Subsea 7 ** Exane BNP Paribas warns of the impact of peaking demand, increasing supply and the return of spare capacity from OPEC+ on the oil sector, as it cites the latest medium-term outlook from the International Energy Agency ** OPEC+ plans to gradually increase oil production by 2.2 m

BUZZ-Top of the Street: European luxury, beverages; Nestle, Kion, Subsea 7 A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Barclays downgrades Burberry BRBY.L and Gucci owner Kering PRTP.PA to "underweight" from "equal weight" as it expects the weakness in the China market to affect the luxury groups in a long term ** Barclays cuts Nestle NESN.S to "equal weight" from "overweight" saying a near-term recovery is unlikely for the Swiss chocolate maker ** C

EUROPE RESEARCH ROUNDUP-Accelleron, BHP, Kingfisher Aug 28 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Accelleron, BHP and Kingfisher, on Wednesday. HIGHLIGHTS * Accelleron ACLN.S : Deutsche Bank raises target price to CHF 42 from CHF 34 * BHP Group BHPB.L : JP Morgan cuts target price to 2,580p from 2,650p * Kingfisher KGF.L : Citigroup cuts to neutral from buy * Vonovia SE VNAn.DE : Citigroup raises target price to EUR 52.80 f

BRIEF-Subsea 7 Gets Contract On Gulf Of Mexico Project Aug 16 (Reuters) - Subsea 7 SA SUBC.OL : AWARDED CONTRACT ON GULF OF MEXICO PROJECT AWARD OF A SIZEABLE CONTRACT IN US GULF OF MEXICO DEFINES A SIZEABLE CONTRACT AS BEING BETWEEN USD 50 MILLION AND USD 150 MILLION Further company coverage: SUBC.OL (Gdansk Newsroom)

UPDATE 2-Norwegian oil investments to hit record high as inflation drives up costs Statistics office compiles oil, gas investment survey Norway oil investments to hit record NOK 257 bln in 2024 Adds graphic, comments from stats office in paragraphs 5, 9 and background in paragraphs 2 and 10-12 OSLO, Aug 15 (Reuters) - Norwegian oil and gas investments are expected to hit a record this year and stay at elevated levels in 2025, driven by ongoing field developments and rising inflation, a national