Top of the Street: Fuchs Petrolub, Boliden, Bunzl, Rheinmetall
20/03/2020 13:20
A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
** Berenberg upgrades Fuchs Petrolub FPEG_p.DE to "buy"
from "hold", saying 2020 should mark a turning point for the
industrial lubricant maker's dropping earnings urn:newsml:reuters.com:*:nL8N2BD1QZ
** Swedish mining group Boliden BOL.ST offers sustainable
earnings, a strong balance sheet and attractive valuation,
Deutsche Bank says, and ups to "buy" from "hold" urn:newsml:reuters.com:*:nL8N2BD1YG
** Credit Suisse cuts distribution company Bunzl BNZL.L to
"underperform" from "neutral" as it sees difficulties on the
food service market, which accounts for 29% of Bunzl's revenue
urn:newsml:reuters.com:*:nL4N2BD16V
** Deutsche Bank ups Rheinmetall RHMG.DE to "buy" from
"hold", citing the German defence and auto parts group's solid
liquidity position urn:newsml:reuters.com:*:nL8N2BD1OT
** HSBC raises French chemicals maker Arkema AKE.PA to
"buy" from "hold"
** Kepler Cheuvreux upgrades French real estate investment
trust company Covivio CVO.PA to "buy" from "reduce"
(*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.)
((berna.suleymanoglu@tr.com; zuzanna.szymanska@tr.com))