Top of the Street: LVMH, AstraZeneca, Centrica, Flughafen Zuerich, Endesa

Endesa SA

16/10/2025 12:11

A round-up of notable broker activity from Europe's top-ranked* analysts:

** UBS ups French luxury behemoth LVMH LVMH.PA to "buy" from "neutral", expecting an underlying improvement in sales to drive a pick up in margins and a return of EPS momentum

** Barclays raises British energy firm Centrica CNA.L to "overweight" from "equal-weight" on effective redeployment of cash into value-accretive investments

** Goldman Sachs cuts Swiss airport Flughafen Zuerich FHZN.S to "neutral" from "buy", as risk-reward balance "looks less compelling" after shares' recent outperformance

** Deutsche Bank cuts AstraZeneca AZN.L to "sell" from "hold", citing reduced confidence in the drugmaker's pipeline outlook

** Barclays cuts Spanish utility company Endesa ELE.MC to "equal-weight" from "overweight", pointing to stock's outperformance this year

(*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 Amir Orusov and Agnieszka Olenska)

 ((Amir.orusov@thomsonreuters.com; Agnieszka Olenska@thomsonreuters.com))