Top of the Street: Big Yellow Group, Munich Re, Vestas, Geberit

Elisa Oyj

22/01/2025 11:35

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Berenberg ups Big Yellow Group  BYG.L  to "buy" from
"hold" on the self-storage group's development pipeline, organic
growth and stabilised operating cost inflation 
    ** Kepler Chevreux raises telecoms firm Elisa  ELISA.HE  to
"buy" from "hold", citing a potential recovery for the Finnish
B2B sector as the country's economy is set to improve in 2025 
    ** HSBC upgrades Munich Re  MUVGn.DE  to "buy" from "hold"
as it expects the reinsurer to redistribute excess capital back
to shareholders this year
    ** Jefferies ups wind turbine maker Vestas  VWS.CO  to "buy"
from "hold", citing confidence in service earnings and clarity
on policy, and saying U.S. Republicans could still try to
protect clean energy tax credits and approach tariffs with
caution
   
     INITIATIONS AND REINSTATEMENTS
    ** Barclays initiates PolyPeptide  PPGN.S  at "overweight",
saying it sees significant value in the stock thanks to its
clear path back to profitability, execution-focused management
team and strong market growth
    ** JPM initiates Geberit  GEBN.S  at "underweight" on
stagnant earnings, additional costs and an expected
underperformance in Germany, the Swiss building materials
supplier's largest market
    
(*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 Gianluca Lo Nostro and Michela Stasio)
 ((Michela.stasio@thomsonreuters.com))