Top of the Street: Centrica, Inditex, Indra
17/09/2025 12:53
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Morgan Stanley ups British energy firm Centrica CNA.L to "overweight" from "equal weight" and adds it to the top-pick list, citing strong nuclear momentum driven by fleet lifetime extensions, a compelling Sizewell C deal, and a new advanced modular reactor partnership with X-Energy in the UK ** UBS upgrades fashion retailer Inditex ITX.MC to "buy", from "neutral", pointing to renewed confidence after sales picked up in a "strong start to the important autumn-winter season" INITIATIONS AND REINSTATEMENTS ** Berenberg initiates Indra IDR.MC at "buy", calling its valuation "too cheap to be ignored," given the potential growth of its defense business (*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 Anastasiia Kozlova and Elviira Luoma in Gdansk) ((Anastasiia.Kozlova@thomsonreuters.com; Elviira.Luoma@thomsonreuters.com))