Top of the Street: Iberdrola, Burberry, Holmen, Kindred

Holmen AB

04/10/2021 12:53

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** RBC upgrades Spanish energy group Iberdrola  IBE.MC  to
"sector perform" from "underperform" saying that increased
regulatory risks are already in the share price  urn:newsml:reuters.com:*:nL8N2R0131    
 
    ** UBS raises British luxury group Burberry  BRBY.L  to
"neutral" from "sell" on valuation grounds, still cautious on
brand turnaround  urn:newsml:reuters.com:*:nL8N2R01QJ
    ** Carnegie downgrades Stockolm-listed online gambling
operator Kindred  KINDsdb.ST  to "hold" from "buy"
    
    INITIATIONS AND REINSTATEMENTS
    
    ** Jefferies initiates coverage of Swedish paper products
company Holmen  HOLMb.ST  with "hold" rating as it sees better
value elsewhere though is attracted to the forest holdings value
longer-term, the structural tailwinds in wood products, among
others  urn:newsml:reuters.com:*:nL8N2R00XG
    
    
    
(*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 Antonis Pothitos and Marta Frackowiak)
 ((antonis.pothitos@thomsonreuters.com;
marta.frackowiak@thomsonreuters.com
))