Top of the Street: Bechtle, Capgemini, Schneider

Bechtle AG

22/02/2024 12:34

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Berenberg upgrades Bechtle  BC8G.DE  to "buy" from
"hold", pointing to the German IT-systems provider's steadily
increasing business model, making it the "best in class"
performer 
    ** UBS cuts Capgemini  CAPP.PA  to "neutral" from "buy",
saying French IT consulting group's recovery is imminent but
already priced in
    ** HSBC downgrades Schneider Electric  SCHN.PA  to "hold"
from "buy", as the broker's new target price of 205 euros leaves
minimal upside to already "fully charged" shares

    
(*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 Diana Mandiá, Romolo Tosiani)
 ((Diana.mandiaalvarez@thomsonreuters.com,
romolo.tosiani@thomsonreuters.com))