Top of the Street: Adidas, Jeronimo Martins, Informa, Nemetschek

Jeronimo Martins SGPS SA

05/02/2024 13:02

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Barclays upgrades Portuguese retailer Jeronimo Martins
 JMT.LS  to "overweight" from "equal-weight" on good long-term
growth prospects
    ** RBC upgrades Adidas  ADSGn.DE  to "outperform" from
"sector perform", citing stronger product cycles in the
marketplace and the company's commitment to deliver double-digit
revenue growth in H2 of 2024
    ** UBS upgrades Informa  INF.L  to "buy" from "neutral",
saying it expects unrealised pricing power to drive top-line
growth for the British publisher
    
    INITIATIONS AND REINSTATEMENTS
    ** UBS initiates coverage of German software developer
Nemetschek  NEKG.DE  at "buy" as it expects revenue growth to
accelerate to a mid-teens percentage by 2025 and improved
margins in the company's build and media segments
   
    
(*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 Elsa Ohlen and Dagmarah Mackos)