Top of the Street: Hugo Boss, Storebrand, Nordic telcos, online betting firms

Kindred

29/09/2022 12:17

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    ** Baader Helvea cuts German fashion house Hugo Boss
 BOSSn.DE  to "reduce" from "add" citing "dull" retail sector
outlook in the weakening consumer climate  urn:newsml:reuters.com:*:nL8N31017D
    INITIATIONS AND REINSTATEMENTS
    ** Jefferies initiates Swedish online gambling group
Evolution  EVOG.ST  with "buy" citing untapped market growth
potential, possible share buybacks, and M&A  urn:newsml:reuters.com:*:nL8N310200
    ** It also starts peer Kindred Group  KINDsdb.ST  with
"hold" as it expects the group's temporary exit from the
Netherlands and tough comparables to subdue its trading for some
time  urn:newsml:reuters.com:*:nL8N310200
    ** Citi initiates coverage of Nordic telecom operators
Swedish Tele2  TEL2b.ST  and Finnish Elisa  ELISA.HE  with
"neutral," citing increased costs, which cast shadow on
otherwise healthy market  urn:newsml:reuters.com:*:nL8N3101S6
    ** Storebrand  STB.OL  has a good runway for growth, given
growing pensions industry and higher interest rates which will
accelerate capital returns and drive shareholder value,
Berenberg says staring the Norwegian insurer with "buy"
(*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 Dagmarah Mackos and Jagoda Darlak)
 ((dagmarah.mackos@tr.com; jagoda.darlak@tr.com))