Top of the Street: Bunzl, Eurazeo, Elia Group, Erste Group

Eurazeo SE

13/01/2025 12:25

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Citi raises British business supplies distributor Bunzl
 BNZL.L  to "buy" from "neutral", given increased market
uncertainty on the back of rising bond yields
    ** Goldman Sachs upgrades French investment manager and fund
operator Eurazeo  EURA.PA  to "buy" from "neutral", citing its
"significantly accelerating capital return potential"

    INITIATIONS AND REINSTATEMENTS
    ** UBS initiates Belgian grid operator Elia Group  ELI.BR 
with "buy" rating, citing the company's superior growth profile
with the regulatory asset base and earnings growing twice as
fast as its peers
    ** Morgan Stanley initiates Austrian bank Erste Group
 ERST.VI  with "overweight", saying better growth outlook and
underpenetrated markets offer scope for relative optimism on a
Central and Eastern Europe (CEE) play

    
(*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 Anastasiia Kozlova and Marta Frackowiak)
 ((Anastasiia.Kozlova@thomsonreuters.com;
marta.frackowiak@thomsonreuters.com))