Top of the Street: Konecranes, Intesa, ArcelorMittal, Croda

Konecranes Oyj

11/04/2025 10:28

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

** Kepler Cheuvreux raises Konecranes KCRA.HE to "buy" from "hold" on expectations that the Finnish heavy machinery maker will eventually benefit from U.S. tariffs as the only non-Chinese supplier of large port cranes

** The brokerage also ups Italian biggest bank Intesa Sanpaolo ISP.MI to "buy" from "hold", citing attractive entry point following recent share price correction

** Goldman Sachs upgrades Luxembourg-based steelmaker ArcelorMittal MT.AS to "buy" from "neutral", expecting its margins to expand on declining input costs

** On the other hand, GS analysts downgrade UK-based chemicals company Croda CRDA.L to "sell" from "neutral", citing high volume leverage, low pricing power and high U.S. exposure

(*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 Mateusz Rabiega and Bernadette Hogg)

 ((Mateusz.rabiega@thomsonreuters.com))