Top of the Street: Legrand, Azimut, Essity
BUZZ-Top of the Street: Legrand, Azimut, Essity A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** Deutsche Bank upgrades Legrand LEGD.PA to "buy" from "hold", saying the French electrical infrastructure group's organic growth dynamics are stronger than ever
** The broker also raises Italian asset gatherer Azimut AZMT.MI to "buy" from "hold", as recent M&A activity boosts bottom-line 2026-2029 forecasts
** UBS double-downgrades Swedish hygiene products maker Essity ESSITYa.ST to "sell" from "buy", saying weaker growth, margin pressure and Consumer Tissue unit uncertainty are likely to weigh on outlook
(*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 Paolo Laudani in Gdansk)
((marta.serafinko@thomsonreuters.com; Paolo.Laudani@thomsonreuters.com))