Top of the Street: Hannover Re, Land Securities, Saab

Hannover Rueck SE

03/06/2024 11:24

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** UBS upgrades German reinsurer Hannover Re  HNRGn.DE  to
"neutral" from "sell" saying it is well placed to perform into
an active catastrophe season
    ** GS cuts British property firm Land Securities Group
 LAND.L  to "neutral" from "buy", citing weak earnings growth
prospects over next few years and greater upside elsewhere in
the sector
    
    INITIATIONS AND REINSTATEMENTS
    ** UBS initiates Swedish defence equipment maker Saab AB
 SAABb.ST  with "neutral", saying that growth prospects of the
"Swedish defence prime" are fully priced in
    
(*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 Amir Orusov and Anastasiia Kozlova)
 ((Amir.Orusov@thomsonreuters.com;
Anastasiia.Kozlova@thomsonreuters.com))