Top of the Street: Reckitt, Nestle, Sonova, Mitie
BUZZ-Top of the Street: Reckitt, Nestle, Sonova, Mitie A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** Jefferies raises Reckitt RKT.L to "buy" seeing strength after the consumer goods company's weak performance in early 2026, saying that this was largely caused by one-off events, rather than deterioration in its core business
** Jefferies upgrades food and drink firm Nestle NESN.S to "buy" seeing a recovery from "past mistakes", alongside an improving environment for categories like Pet & Coffee segments
** UBS ups Sonova SOON.S to "buy" seeing it as a key beneficiary of hearing aid sector momentum from now on given the company's most attractive relative valuation to Demant DEMANT.CO since 2021, underappreciated RIC platform cycle and EBIT estimates that are 4-6% above consensus
** Deutsche Bank cuts UK contractor Mitie MTO.L to "hold" from "buy" after OCS Group International takeover offer, saying the bid secures a clean exit for shareholders
(*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 Joao Manuel Mauricio and Paolo Laudani)