Top of the Street: GEA Group, AP Moeller-Maersk, Galp
BUZZ-Top of the Street: GEA Group, AP Moeller-Maersk, Galp July 3 (Reuters) - A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** RBC ups German food-processing equipment maker GEA Group G1AG.DE to "outperform" from "sector perform", citing the company's strong position in the profitable pharma and pure flow processing technology sectors, as it raises its earnings forecasts
** Goldman Sachs upgrades Danish shipping company A.P. Moeller-Maersk MAERSKb.CO to "neutral" from "sell" as supply-demand outlook for 2027 seems less negative
** Morgan Stanley ups Galp GALP.LS to "overweight" from "equal-weight", as the stock "stands out as the most defensive name under coverage" with a strong pipeline of catalysts and attractive valuation
(*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 Mateusz Rabiega and Anastasiia Kozlova)
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