Top of the Street: Hays, Proximus, Sika, Maersk
28/05/2020 13:19
A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
** Credit Suisse ups Hays Plc HAYS.L to "neutral" from
"underperform", saying the specialist recruitment group is
well-financed, high-return business with leading market
positions in key end markets urn:newsml:reuters.com:*:nL4N2DA1W8
** Citi raises Belgian telecom company Proximus PROX.BR to
"buy" from "neutral", citing a compelling valuation and
potential long-term gain from investments urn:newsml:reuters.com:*:nL8N2DA1O2
** Berenberg cuts Maersk MAERSKb.CO to "sell" from "hold",
saying the shares can hit fresh lows as earnings momentum
deteriorates through the year urn:newsml:reuters.com:*:nL8N2DA1AP
INITIATIONS AND REINSTATEMENTS
** Berenberg starts Swiss construction chemicals maker Sika
SIKA.S with a "buy" rating as it believes the company is
better placed for an economic recovery than its peers
urn:newsml:reuters.com:*:nL8N2DA1JT
** Morgan Stanley initiates Infineon Technologies IFXGn.DE
with "overweight" and says the German chipmaker, which has
underperformed since 2016, is a beneficiary of electrification
and regulatory support
** BofA Securities initiates AAK AAK.ST with a "buy"
rating, saying the Sweden-based producer of vegetable oils and
fats is "an underappreciated double-digit earnings compounder"
urn:newsml:reuters.com:*:nL8N2DA335
(*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.)
((Charles.regnier@thomsonreuters.com ;
berna.suleymanoglu@tr.com))