Top of the Street: Accor, Givaudan, Spie, Symrise
BUZZ-Top of the Street: Accor, Givaudan, Spie, Symrise A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** Jefferies cuts Swiss flavour maker Givaudan GIVN.S to "hold" from "buy", as it cites opportunity costs, fading Fine Fragrance premiumisation
** It ups Symrise SY1G.DE to "buy" from "hold" saying the German fragrance maker's pet food unit is inflecting alongside exposure to improving food end markets
INITIATIONS AND REINSTATEMENTS
** Deutsche Bank resumes coverage of French hotels group Accor ACCP.PA at "buy", citing its strong H1 performance despite the conflict in the Middle East
** It also initiates coverage of SPIE SPIE.PA with "buy" rating, citing improving growth prospects and margin expansion
(*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.)
(Reporting by Clement Martinot and Marta Frackowiak)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600))
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