Top of the Street: Covivio, BASF, Daimler
26/02/2025 12:15
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Goldman Sachs downgrades Covivio CVO.PA to "neutral" from "buy" seeing limited room for the French real estate group to invest INITIATIONS AND REINSTATEMENTS ** Citi reinstates a "neutral" rating for BASF BASFn.DE and says the German chemical company's declining free cash flow may result in share underperformance ** UBS starts Daimler DTGGe.DE with "neutral", warning of a combined impact of tariffs and increased competition for the German truck maker, which the broker estimates produces more than 50% of its North America units in Mexico (*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 Boleslaw Lasocki and Philippe Leroy Beaulieu) ((boleslaw.lasocki@thomsonreuters.com))