Top of the Street: Endesa, Natixis, SKF, Alfa Laval, Atos, Merck

Aker Carbon Capture ASA

10/02/2021 13:36

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
   ** Goldman Sachs upgrades Spanish utility Endesa  ELE.MC  to
"buy" from "neutral" on better prospects as it expects domestic
investment opportunities to rise  urn:newsml:reuters.com:*:nL8N2KG25U
    ** Societe Generale ups French bank Natixis  CNAT.PA  to
"hold" from "sell", saying its parent BPCE  BPCE.UL  is likely
to go through with the plan to buy the remaining 29.3% stake in
Natixis at EUR 4 per share
    ** SKF  SKFb.ST : Barclays cuts to "underweight" from
"equal-weight" as the Swedish bearing maker's shares bounced
back about 20% since last March, nearing their all-time highs
 urn:newsml:reuters.com:*:nL8N2KG2V6  
    ** Swedish engineering group Alfa Laval  ALFA.ST  keeps
trading near its all-time record discount to the sector --
Barclays raises the stock to "equal-weight" from "underweight" 
    
    INITIATIONS AND REINSTATEMENTS
    ** Goldman Sachs reinstates French IT consulting group Atos
 ATOS.PA  with a "neutral" rating as it expects a more gradual
revenue recovery 
    ** Berenberg starts German pharmaceutical company Merck
 MRCG.DE  with "hold", saying Merck's stock is already fairly
valued following a 33% share price move in 2020
    ** It also initiates Norwegian carbon capture technology
provider Aker Carbon Capture  ACC-ME.OL  with "buy" as it sees
long-term potential and upside to the current share price
    
    
    
(*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.)


 ((berna.suleymanoglu@thomsonreuters.com;
dagmarah.mackos@thomsonreuters.com))