Top of the Street: Direct Line, Embracer, Glencore, Metso

Embracer AB

18/02/2025 11:05

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    ** Peel Hunt cuts Direct Line Insurance  DLGD.L  to "hold"
from "add", saying the British motor insurer shares are now
trading just below the Aviva offer price of 275p and on 15x the
estimated 2025 PE ratio
    ** Goldman Sachs raises Finnish Metso  METSO.HE  to "buy"
from "sell", seeing infrastructure and inventory headwinds
fading for the Finnish mining equipment maker
    ** Pointing to the asymmetry in the British miner's
risk-reward ratio, Morgan Stanley ups Glencore  GLEN.L  to
"overweight" from "equal weight", deeming as exaggerated the
concerns about deteriorating coal prices and marketing profits
in a low-volatility post-war world
    
    INITIATIONS AND REINSTATEMENTS
    ** Following the stock's outperformance on successful game
releases, Kepler Cheuvreux reinitiates coverage of Sweden's
Embracer  EMBRACb.ST  with "hold", as the shares only show
significant update on 2026/2027 earnings, which is too far into
the future in the sector known for launch delays
  
    
(*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 Anna Banacka and Mathias de Rozario)
 ((Anna.banacka@thomsonreuters.com;
mathias.deRozario@thomsonreuters.com))