Stock exchanges: Exane downgrades LSEG, names Deutsche Boerse as 'top pick'

Flow Traders

12/04/2022 08:48

** Exane BNP Paribas downgrades London Stock Exchange Group
 LSEG.L , prefers Deutsche Boerse  DB1Gn.DE  as top pick on 
trading volumes and expects MSCI  MSCI.N  to be best positioned
for long-term growth among stock exchanges
    ** LSEG shares fall as much as 4.8% to 8,006p after
brokerage downgrades to "neutral" from "outperform" on
uncertainty over revenue growth
    ** LSEG is the second biggest pct loser on UK blue-chip
index  .FTSE  and set for its worst day since more than a month
    ** Exane names Deutsche Boerse as the "top pick" over
Euronext  ENX.PA  on trading volumes
    ** "We are most constructive on volumes with a structural
theme... and more cautious on cash equity volumes" - Exane
    ** MSCI continues to best positioned for long-term
structural growth helped by potential opportunities from ESG, a
rise of private markets and expansion of Asian capital markets,
brokerage says
    ** "A strong relationship continues to hold between
multiples and expected top line growth in the sector" - Exane
    

 (Reporting by Siddarth S in Bengaluru)
 ((Siddarth.s@thomsonreuters.com;))