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LR - Legrand SA News Story

€68.96 0.6  0.8%

Last Trade - 4:35pm

Sector
Industrials
Size
Large Cap
Market Cap £16.96bn
Enterprise Value £19.80bn
Revenue £5.99bn
Position in Universe 45th / 852

BUZZ-Top of the Street: Legrand, Lufthansa, Burberry, Uniper

Fri 5th June, 2020 11:12am
A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Goldman Sachs upgrades French electrical equipment maker
Legrand  LEGD.PA  to "buy" from "neutral", citing the company's
exposure to potential European building renovation wave
 urn:newsml:reuters.com:*:nL8N2DI0N6
    ** Bernstein cuts Deutsche Lufthansa  LHAG.DE  to
"market-perform" from "outperform", as the German carrier will
need to focus on generating FCF to repair its balance sheet and
may need to pass on strategic opportunities
    ** Goldman Sachs cuts luxury goods manufacturer Burberry
 BRBY.L  to "sell" from "neutral", saying that the company's
attempts to reinvigorate growth against tough market environment
could result in a reset of margin profile

    
    INITIATIONS AND REINSTATEMENTS
    ** Goldman Sachs reinstates German utility Uniper  UN01.DE 
with "sell" rating, as its high levels of debt may result in
dividend and investment cuts  urn:newsml:reuters.com:*:nL8N2DI10F
    
    
(*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.)


 ((Anna.banacka@thomsonreuters.com;
masha.trybus@thomsonreuters.com))
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