Top of the Street: Bilfinger, Deutsche Bank, Softcat
25/07/2025 12:33
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Panmure Liberum upgrades Softcat SCTS.L to "buy" from "hold" saying it was well positioned to benefit from the structural growth of Cloud, AI and cybersecurity, with cloud and software vendors expected to continue to grow at double-digit rates in CY25/26 ** UBS downgrades German construction company Bilfinger GBFG.DE to "neutral" from "buy" citing over 100% share price rally YTD and delayed benefits from German stimulus ** Citigroup cuts Deutsche Bank DBKGn.DE to "sell" from "neutral" citing a strong share price rally after what it described as an "average set of results", as well as limited evidence of revenue progression in Corporate & Private Bank (*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 Marta Serafinko and Ozan Ergenay in Gdansk) ((Marta.Serafinko@thomsonreuters.com;))