Top of the Street: EssilorLuxottica, Elekta, Serco

Elekta AB (publ)

29/01/2025 12:36

A round-up of notable broker activity this morning from Europe's top-ranked*
analysts:
    
    ** RBC upgrades rating of Franco-Italian eyewear maker EssilorLuxottica
 ESLX.PA  to "outperform" from "sector perform", citing strong fundamentals and
significant growth opportunities in the ophthalmology market
    ** Bernstein raises Swedish medical technology firm Elekta  EKTAb.ST  to
"market-perform " from "underperform", saying consensus estimates reflect margin
headwinds from its recent Evo product launch, and forecasting 14% EPS CAGR
through 2028/29
    
    INITIATIONS AND REINSTATEMENTS
    ** Berenberg initiates British outsourcing firm Serco  SRP.L  with "buy"
rating, saying business-to-government operator is poised to benefit from its
size and international diversification, as well as long-term demand from the
migration and defense sector
    
(*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 Mateusz Rabiega and Marta Serafinko in Gdansk)
 ((Mateusz.rabiega@thomsonreuters.com;))