Top of the Street: Galenica, Imerys, Skanska, Acciona Energia

Galenica AG

10/08/2021 12:23

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Kepler Cheuvreux downgrades Swiss healthcare services and
products provider Galenica  GALE.S  to "hold" from "buy", saying
limited visibility for 2022 sales and earnings due to
uncertainties around flu season and COVID-19 related revenues
should keep the share price performance flattish  urn:newsml:reuters.com:*:nL8N2PH1B9
    
    INITIATIONS AND REINSTATEMENTS
    ** Berenberg starts the coverage of Imerys  IMTP.PA  with a
"buy" rating saying the French manufacturing and minerals
group's valuation appears too cheap  urn:newsml:reuters.com:*:nL8N2PH1B2
    ** Morgan Stanley initiates the coverage of Swedish builder
Skanska  SKAb.ST  with "equal-weight" after making assessments
based on market risk exposure and profitability amongst peers
    ** JP Morgan initiates Spain's Acciona Energia  ANE.MC  with
"overweight", saying that profitability of the installed base,
the quality of the pipeline and the company's "assets for life"
strategy create value; sees around 15% potential upside to the
current share price 

    
(*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 Berna Syuleymanoglu, Rita Plantera)
 ((berna.suleymanoglu@thomsonreuters.com ;
r.plantera@thomsonreuters.com))