Top of the Street: CTS Eventim, Nexi, Mercedes-Benz, Moncler, Safran

CTS Eventim AG & Co KGaA

14/01/2025 13:34

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Jefferies upgrades Safran  SAF.PA  to "buy" from "hold"
citing strong earnings growth potential and improved valuation
    ** Barclays downgrades Italy's Moncler  MONC.MI  to "equal
weight" from "overweight" saying the brand is not immune to the
China slowdown and its outperformance over peers could be
smaller in 2025 than seen in the past quarters
    ** Goldman Sachs cuts German automaker Mercedes-Benz
 MBGn.DE  to "neutral" from "buy" citing uncertainty around
sales of top-end luxury vehicles
    ** Morgan Stanley downgrades payments company Nexi
 NEXII.MI  to "underweight" from "equal weight" citing risks
around the group's growth outlook
    
    INITIATIONS AND REINSTATEMENTS
    ** UBS starts coverage of German ticketing group CTS Eventim
 EVDG.DE  with a "buy" rating, pointing to strong volume
indications for 2025 and higher ticket prices
    
    
(*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 Agata Rybska and Alban Kacher)
 ((alban.kacher@thomsonreuters.com))