Top of the Street: ABB, Commerzbank, Sainsbury, Kingfisher

J Sainsbury

27/04/2026 11:54

A round-up of notable broker activity this morning from Europe's top-ranked* analysts:

** Kepler Cheuvreux cuts Swiss engineering company ABB ABBN.S to "hold" from "buy", saying that after the 30% share price increase YTD, the company's potential appears captured in its price in the short term

** BofA Securities upgrades German lender Commerzbank CBKG.DE to "buy" from "neutral", saying solid fundamentals make its shares attractive

** Goldman Sachs double-downgrades Sainsbury SBRY.L to "sell" from "buy", seeing the outlook as more challenging after the British supermarket group flagged the conflict in the Middle East brought uncertainty and could drag profits lower this year

** Barclays raises European home improvement retailer Kingfisher KGF.L to "equal-weight" from "underweight" and says the company is making "strategic progress against a tough backdrop"; it also sees a more balanced risk-reward profile after significant share underperformance recently

(*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 Olivier Cherfan and Bernadette Hogg)

((olivier.cherfan@thomsonreuters.com ; bernadette.hogg@thomsonreuters.com))