Top of the Street: SSE, Equinor, Metso, Bechtle

Bechtle AG

19/02/2024 10:04

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Jefferies raises SSE  SSE.L  to "buy" from "hold", saying
Britain's plan to facilitate more offshore wind connections give
it confidence in the outlook for the renewable electricity
company's transmission grids
    ** Morgan Stanley ups Equinor  EQNR.OL  to "equal-weight"
from "underweight", saying the negative impact of European gas
prices and lower dividend on the Norwegian oil and gas company
are "well recognized"
    ** Inderes cuts Metso  METSO.HE  to "accumulate" from "buy",
citing the Finnish mining equipment maker's "cautious comments"
on near-term demand at its minerals unit
    
    INITIATIONS AND REINSTATEMENTS
    ** Barcays initiates Bechtle  BC8G.DE  with "underweight",
expecting the German IT technology provider's e-commerce unit to
face increased competition from Amazon, which will drag down the
group's results

    
(*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 Boleslaw Lasocki and Antonis Pothitos)
 ((boleslaw.lasocki@thomsonreuters.com))