Berenberg cuts Orpea, CFE to 'hold', updates European mid-cap top picks

Compagnie dentreprises CFE SA

01/09/2022 07:01

** Berenberg cuts CFE  CFEB.BR  and Orpea  ORP.PA  to "hold"
from "buy" and updates its European mid-cap top-pick list as
schools return
    ** The broker replaces ID Logistics  IDLA.PA , flatexDEGIRO
 FTKn.DE  and Kinepolis  KIPO.BR  with Elis  ELIS.PA , ENCE
 ENC.MC , SECO  IOT.MI , SPIE  SPIE.PA  and Viscofan  VIS.MC 
    ** "Performance this year has been average since the start
of the year and deteriorated since we published our last top
picks note earlier this year", the broker says
    ** It however adds its longer-term performance remains
"strong"
    ** Top-pick list also includes Barco  BAR.BR , Interpump
 ITPG.MI  and Korian  KORI.PA 

 (Reporting by Olivier Cherfan)
 ((olivier.cherfan@thomsonreuters.com))