Top of the Street: Ambu, Subsea 7, ForFarmers, Enel

ForFarmers NV

18/08/2021 14:15

Aug 18 (Reuters) - A round-up of notable broker activity
this morning from Europe's top-ranked* analysts:
    
    ** JP Morgan downgrades Ambu  AMBUb.CO  to "underweight"
from "neutral" due to lack of positive medium-term catalysts for
the Danish single-use medical device maker after its Q3 results
and July profit warning  urn:newsml:reuters.com:*:nL8N2PP172    
    ** HSBC raises seabed-to-surface engineering provider Subsea
7  SUBC.OL  to "buy" from "hold", saying that despite very
competitive market, and some challenges with execution of
offshore wind projects, recent 20% drop in share price is
excessive and current share price presents an opportunity 
    ** Kepler Cheuvreux cuts ForFarmers  FFARM.AS  to "hold"
from "buy", citing Dutch agricultural feed company's
lower-than-expected H1 results and H2 outlook cut
    
    INITIATIONS AND REINSTATEMENTS
    ** Jefferies starts the coverage of Enel  ENEI.MI  with
"underperform" rating, as it sees limited asset growth from
Italian power company's mature networks business, where lower
returns could also materialize over the next two years
 urn:newsml:reuters.com:*:nL8N2PP16V
    
    
(*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 Halilcan Soran and Michal Aleksandrowicz)
 ((halilcan.soran@thomsonreuters.com;
michal.aleksandrowicz@tr.com))