Top of the Street: Admiral Group, United Utilities, Biomerieux

Biomerieux SA

22/08/2024 11:27

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Jefferies raises Admiral Group  ADML.L  to "hold" from
"underperform" after the British financial services company
exceeded expectations for growth and margin in the first half
    ** UBS upgrades United Utilities  UU.L  to "buy" from
"neutral" saying the UK water company is trading close to
post-2010 multiple lows, while the financial framework that will
be provided in early 2025 should support a sustainable dividend 
    
    INITIATIONS AND REINSTATEMENTS
    ** UBS initiates French biotech company Biomerieux  BIOX.PA 
with a "buy" rating, seeing this as "a compelling entry point
for the best R&D story in European Medtech"
    
(*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 Antonis Pothitos and Olivier Sorgho)
 ((Olivier.sorgho@thomsonreuters.com))