Top of the Street: Barry Callebaut, Wartsila
BUZZ-Top of the Street: Barry Callebaut, Wartsila A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** Goldman Sachs cuts Barry Callebaut BARN.S to "neutral" from "buy", saying its new growth strategy will take several years to materialise and citing a volatile operating environment, with industry overcapacity likely to persist until the end of 2027
** Goldman Sachs raises Wartsila WRT1V.HE to "neutral" from "sell", citing a strong energy order backlog and the prospect of marine capex growth from a potential oil and gas recovery in the coming years
(*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 Dimitri Rhodes and Paolo Laudani in Gdansk)
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