Top of the Street: BBVA, Beijer, Compass, Inwit, Croda
11/11/2025 13:49
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Berenberg raises Swedish refrigeration wholesaler Beijer Ref BEIJb.ST to "buy" from "hold", citing its market resilience, expected earnings growth against a "minor headwind" of demanding expectations ** Goldman Sachs ups Compass Group CPG.L to "buy" from "neutral", saying the British catering firm offers an appealing entry point into a quality growth compounder ** J.P. Morgan cuts Inwit INWT.MI to "neutral" from "overweight" after the telecoms towers company's mid- and long-term guidance cut, citing poor visibility and new targets' reliability being "extremely difficult" to assess ** Jefferies downgrades Croda International CRDA.L to "hold" from "buy", saying the British chemical company's focus on volumes to restore utilisation delays clarity on incremental earnings until late 2026 INITIATIONS AND REINSTATEMENTS ** Goldman Sachs reinstates Spanish bank BBVA BBVA.MC at "buy", citing sustained profitability driven by diversified exposure and gearing to growth markets, and "attractive" shareholder returns (*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 Olivier Cherfan and Agnieszka Oleńska) ((olivier.cherfan@thomsonreuters.com))