Top of the Street: Nordic banks, Swiss Prime Site
09/04/2026 13:36
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** In a sector note, Barclays says competition is a risk for Nordic banks, especially in Sweden ** It raises Norway's DNB DNB.OL to "overweight" from "equal-weight", seeing NII upside ** It lowers Sweden's SEB SEBa.ST to "equal-weight" from "overweight" on share erosion, and cuts Svenska Handelsbanken SHBa.ST to "underweight" from "equal-weight" on weak earnings estimates ** It ups Swedbank SWEDa.ST to "equal-weight" from "underweight", citing its rate sensitivity INITIATIONS AND REINSTATEMENTS ** Deutsche Bank starts Swiss Prime Site SPSN.S with "hold", saying the highly defensive Swiss real estate firm's premium valuation means growth looks fully priced in (*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 Tiago Brandao and Olivier Cherfan) ((Tiago.Brandao@thomsonreuters.com; olivier.cherfan@thomsonreuters.com))