Top of the Street: HSBC, Subsea 7, Kion Group

Kion AG

04/03/2025 13:16

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

** Barclays raises HSBC Holdings HSBA.L to "overweight" from "equal-weight", as it sees significant earnings and shareholder return upside potential vs consensus, driven by the dynamism of the group's activities in Hong Kong

** Barclays raises Subsea 7 to "overweight" from "equal-weight", saying it expects a positive impact from the merger with Saipem SPMI.MI and strong cash returns

** Citigroup raises Kion Group KGX.DE to "buy" from "neutral", as it sees the prospect for a return to order growth as a key driver for the group's shares, with additional contribution from the partnership with NVIDIA

(*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 Alban Kacher and Agata Rybska)

 ((alban.kacher@thomsonreuters.com ; +48 58 769 65 87))