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FUTR - Future News Story

3502p -78.0  -2.2%

Last Trade - 27/10/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £4.32bn
Enterprise Value £4.58bn
Revenue £467.9m
Position in Universe 207th / 1785

BUZZ-Top of the Street: DSM, Merlin Properties, Unite Group, Future Plc

Wed 1st September, 2021 11:44am
A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** JP Morgan downgrades Dutch speciality chemicals company
DSM  DSMN.AS  to "neutral" from "overweight" as its valuation
largely reflects mid-term earnings expectations, favourable ESG
profile and balance sheet options  urn:newsml:reuters.com:*:nL8N2Q31NF
    ** Morgan Stanley says liquidity in private markets, M&A,
and inflation will support prices of UK real-estate stocks and
bond yields could drive stock volatility. urn:newsml:reuters.com:*:nL4N2Q320S
    ** It raises Land Securities  LAND.L  to "equal-weight" from
"underweight", while cuts Unite Group  UTG.L  to "equal-weight"
from "overweight"
    ** The brokerage also ups Londonmetric  LMPL.L  and Merlin
Properties  MRL.MC   to "overweight" from "equal-weight"
    

    INITIATIONS AND REINSTATEMENTS
    ** Stifel initiates Future Plc  FUTR.L  with a "buy" rating
seeing further upside potential given the company's track record
of delivery, strong forecast earnings growth and around 20%
discount to internet peer multiples
    
(*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 Canan Sevgili and Antonis Triantafyllou)
 ((canan.sevgili@thomsonreuters.com mailto:canan.sevgili@tr.com
antonis.triantafyllou@thomsonreuters.com))
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