Top of the Street: JCDecaux, BT, Kion, UPM-Kymmene, Essity, Straumann
31/01/2020 13:51
A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
** Barclays cuts French outdoor advertising group JCDecaux
JCDX.PA to "underweight" from "equal weight", says it believes
the company will miss the 2020 consensus on organic growth and
margin
** Inderes ups Finnish paper mill company UPM-Kymmene
UPM.HE to "reduce" from "sell" after strong Q4, saying that
while its short-term estimates remain negative, the long-term
forecast is boosted by the confirmation of the biorefinery
investment in Germany
** Baader Helvea raises German logistics company Kion Group
KGX.DE to "buy" from "reduce", says the company's very strong
order intake in 2019 provides an excellent basis for good 2020
capacity utilization
** Credit Suisse upgrades Swedish hygiene products maker
Essity ESSITYa.ST to "outperform" from "neutral", saying it
expects the company's margin improvement to continue in 2020
urn:newsml:reuters.com:*:nL8N2A00W1
** HSBC downgrades BT Group BTSb.ST to "hold" from "buy",
citing "distinctly underwhelming" Q3 results with lower guidance
** Nordea Markets raises Swedish forestry group SCA
SCAb.ST to "buy" from "hold"
INITIATIONS AND REINSTATEMENTS
** Deutsche Bank initiates dental implant maker Straumann
Holding STMN.S with "buy", says it likes the company's shift
toward underpenetrated and fast-growing markets and products,
strong market positions, innovations and new products
urn:newsml:reuters.com:*:nL8N2A00XZ
(*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.)
((veronica.snoj@tr.com ; milla.nissi@tr.com))