Top of the Street: Swedish Match, Ryanair, IAG, Boliden

Boliden AB

12/05/2022 13:56

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Deutsche Bank cuts tobacco and nicotine products maker
Swedish Match  SWMA.ST  to "hold" from "buy," saying it
considers Philip Morris'  PM.N 's takeover bid to be "fair" from
a Swedish Match shareholder perspective  urn:newsml:reuters.com:*:nL5N2X42ZU
    ** Stifel downgrades Irish low-cost carrier Ryanair  RYA.I 
to "hold" from "buy," citing exposure to rising fuel costs and
weakening demand  urn:newsml:reuters.com:*:nL5N2X43J9
    ** The same brokerage also cuts British Airways-owner IAG
 ICAG.L  to "hold" from "buy," highlighting operational issues
at Heathrow and delay EBIT/FCF recovery  urn:newsml:reuters.com:*:nL5N2X43J9
    ** Deutsche Bank cuts Swiss pharmaceutical maker Roche
 ROG.S  to "hold" from "buy" as it sees a tougher catalyst path
ahead
    ** Deutsche Bank raises Miner Boliden  BOL.ST  to "hold"
from "sell" on diversified earnings stream combined with a
strong balance sheet and counter cyclical smelting and currency
exposure
    ** Berenberg raises British renewable power generator and
network operator SSE  SSE.L  to "buy" from "hold," flagging its
increased confidence for the group's Renewables and Networks
businesses
    
    
(*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 and Federica Mileo)
 ((diana.mandiaalvarez@thomsonreuters.com
Federica.mileo@thomsonreuters.com))