Top of the Street: Travis Perkins, Vestas, Holmen

Holmen AB

19/08/2024 13:03

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Peel Hunt raises Travis Perkins  TPK.L  to "add" from
"hold" saying the building materials supplier is well placed to
recover thanks to better macro and the positive impact of the
exit of Toolstation France
    ** Deutsche Bank cuts Vestas  VWS.CO  to "hold" from "buy"
as it awaits "more consistent" results from the Danish wind
turbines maker

    INITIATIONS AND REINSTATEMENTS
    ** Barclays initiates Holmen  HOLMb.ST  at "equal-weight"
and a TP of 390 Swedish crowns ($37.41), roughly in line with
the paper products maker's current price of 411 Swedish crowns,
saying it sees better opportunity elsewhere in the sector
    
(*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.)

($1 = 10.4255 Swedish crowns)

 (Reporting by Alessandro Parodi and Marta Frąckowiak)
 ((marta.frackowiak@thomsonreuters.com;
alessandro.parodi@thomsonreuters.com))