Top of the Street: Hermes, Moncler, SOBI, Capgemini

Capgemini SE

04/11/2025 12:35

A round-up of notable broker activity this morning from Europe's top-ranked* analysts:

** Barclays expects Hermes' revenue outperformance versus peers to narrow in 2026 and downgrades the French luxury group Hermes HRMS.PA to "equal weight" from "overweight",  seeing fewer catalysts in the short term

** The same broker upgrades Italy's Moncler MONC.MI to "overweight", flagging an "opportunity for a catch-up" after the stock's recent underperformance

** Deutsche Bank upgrades SOBI SOBIV.ST to "buy" from "hold", citing the Swedish pharmaceutical firm's supportive Q3 margin, and promising mid-term product developments like Aspaveli, NASP gout treatment, and olezarsen

INITIATIONS AND REINSTATEMENTS

** Citigroup re-initiates coverage of Capgemini CAPP.PA with "buy", saying the French IT firm is "not out of the woods" yet but seeing signs of growth recovery in place

(*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 Jagoda Darlak and Alban Kacher in Gdansk)

((jagoda.darlak@tr.com, alban.karcher@tr.com))