Top of the Street: AB Inbev, Elekta, Zalando

Elekta AB (publ)

24/06/2024 12:45

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Morgan Stanley cuts Zalando  ZALG.DE  to "equal-weight"
from "overweight" as it sees risks to the German online
retailer's mid-term growth trajectory
    ** UBS raises Anheuser-Busch Inbev  ABI.BR  to "buy" from
"neutral", saying the Belgian brewer is at the cusp of a
significant free cashflow inflection, with $15 billion of excess
cash supporting accelerated cash returns
   
    INITIATIONS AND REINSTATEMENTS
    ** Deutsche Bank initiates Elekta  EKTAb.ST  with "hold" due
to limited visibility on short-term developments in its
end-markets, more challenging market environment and expected
product launch-related costs in H1 that could add to current
uncertainties
    
(*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 Marta Serafinko and Boleslaw Lasocki)
 ((marta.serafinko@thomsonreuters.com))