Top of the Street: Kuehne + Nagel, NN Group, ASR Nederland, Euronext

ASR Nederland NV

02/07/2024 12:53

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Barclays raises Kuehne + Nagel  KNIN.S  to "equal-weight"
from "underweight", pointing to high exposure to sea freight and
leaner corporate structure 
    ** J.P.Morgan upgrades Dutch insurer NN Group NV  NN.AS  to
"overweight" from "neutral", seeing it as a "strong" beneficiary
of Dutch pensions reform 
    ** The broker also downgrades ASR Nederland  ASRNL.AS  to
"neutral" from "overweight" on lower estimates for non-life
insurance and fee-based businesses 
    ** Deutsche Bank upgrades Euronext  ENX.PA  to "buy" from
"hold", saying the pan-European exchange group's
underperformance vs peers and the market now creates a
compelling opportunity as its revenue growth accelerates 
  
   
(*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 Jakub Olesiuk and Diana Mandiá)
 ((jakub.olesiuk@thomsonreuters.com;
diana.mandia@thomsonreuters.com))