Top of the Street: Lindt & Sprungli, Electrocomponents, WH Smith

Chocoladefabriken Lindt & Spruengli AG

29/03/2018 12:03

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Berenberg cuts Swiss chocolate maker Lindt & Sprungli
 LISP.S  to "hold" from "buy", highlighting limited upside and
integration risk of Russell Stover in North America  urn:newsml:reuters.com:*:nL8N1RB1S3
    ** Peel Hunt raises Electrocomponents  ECM.L  to "add" from
"hold" seeing c.14% upside potential for stock 
    ** Stifel upgrades WH Smith  SMWH.L  to "buy" from "hold"
following recent weakness in the share price
    "Increasingly established International Travel credentials
(£9m EBIT, +30% YoY), proven resistance to the Amazon  AMZN.O 
threat and one of the most shareholder value-focused management
teams in the sector give WH Smith shares a rightful place on our
top picks list," broker says in a note on European consumer &
retail stocks
    
(*Analyst rankings from Thomson Reuters StarMine. Scale is from
1-star to 5-star with 5 being best. Analysts ranked on earnings
accuracy as well as relative performance of recommendations over
trailing 12-month & 24-month periods.)


 ((boleslaw.lasocki.thomsonreuters.com@reuters.net,jagoda.darlak
.thomsonreuters@reuters.net,
anna.frask.thomsonreuters.com@reuters.net))