Top of the Street: Kion, Neste, Big Yellow, Segro, Shell

Kion AG

26/01/2026 11:54

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

     ** Jefferies downgrades German forklift maker Kion KGX.DE to "underperform" from "hold", as it says the German stimulus package likely will not solve the high energy costs and labour shortages plaguing the sector

** Goldman Sachs raises Finnish fuel maker Neste  NESTE.HE to "buy" from "neutral", as it expects higher prices for renewable fuel to boost results

** Jefferies upgrades self-storage provider Big Yellow Group BYG.L to "buy" from "hold" on its strong earnings margin and the possibility of M&A

** Jefferies raises Segro SGRO.L to "buy" from "hold" as it expects the real estate group to convert more land and developments into rent-generating assets

** RBC Capital Markets cuts energy company Shell SHEL.L to "sector perform" from "outperform", as it says the company is struggling to restructure its chemicals due to challenging market dynamics, and portfolio concerns will not be solved without inorganic activity

(*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 Bernadette Hogg and Elviira Luoma)

 ((bernadette.hogg@thomsonreuters.com))