Top of the Street: Shell, Evonik, Fuchs Petrolub
30/06/2021 12:20
A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
** Citi raises Royal Dutch Shell RDSa.L to "neutral" from
"sell" after over 4 years, citing the Anglo-Dutch energy
company's valuation, with yield spreads to government bonds at
record levels urn:newsml:reuters.com:*:nL3N2OC1SO
** Kepler Cheuvreux upgrades German chemicals group Evonik
Industries EVKn.DE to "buy" from "hold" and cuts German maker
of industrial lubricants Fuchs Petrolub FPEG_p.DE to "hold"
from "buy"
(*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 Federico Maccioni and Aida Pelaez-Fernandez)
((Federico.Maccioni@thomsonreuters.com;
Aida.Pelaez-Fernandez@thomsonreuters.com))