Top of the Street: Nestle, Anglo American, Bureau Veritas

MERLIN Properties SOCIMI

26/07/2024 12:28

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Deutsche Bank downgrades Nestle  NESN.S  to "hold" from
"buy", saying the world's biggest packaged food company went "a
cut too far" as it trimmed its sales growth outlook on Thursday
    ** UBS raises British miner Anglo American  AAL.L  to "buy"
from "neutral" as it sees better risk/reward ratio after the
stock fell enough following BHP's  BHP.AX  offer rejection and
is now close to a break-up point  
    ** BNP Paribas Exane upgrades Bureau Veritas  BVI.PA  to
"outperform" from "neutral" on increased confidence in its
growth sustainability and the possibility for this to turn into
margin gains
    ** UBS raises Swiss hearing aid company Sonova  SOON.S  to
"neutral" from "sell", citing better consensus forecasts and
potential new product launches during an upcoming investor day
on August 27 
        
    INITIATIONS AND REINSTATEMENTS
    ** Bernstein reinstates Spanish real estate group Merlin
Properties  MRL.MC  with a "market perform" rating, citing
progress it has made in unlocking its Phase II data center
development programme 
    
(*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 Andrey Sychev and Jagoda Darlak)
 ((andrey.sychev@thomsonreuters.com))