Top of the Street: Man Group, Munters, Comet

Munters AB

23/10/2024 14:27

A round-up of notable broker activity this morning from Europe's top-ranked*
analysts:
    
    ** UBS cuts Man Group  EMG.L  to "neutral", pointing out that the UK-based
investment management company's key AHL funds are performing below their target
levels, despite seeing long-term value in Man Group's shares
    ** Kepler Cheuvreux upgrades Munters (MTRS.ST) to "buy", recognizing its
growth opportunities in energy efficiency, despite lowering the target price
after a slight Q3 miss for the Sweden-based climate control solutions provider

    INITIATIONS AND REINSTATEMENTS
    
    ** Berenberg initiates Comet Holding  COTNE.S  with "buy", expecting the
Swiss radio frequency (RF) and X-ray technology manufacturer to benefit from the
company's plasma-based and X-ray solutions related to semiconductor production
and the launch of its RF delivery platform Synertia
    
(*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 Rafal W. Nowak; Editing by Vijay Kishore)
 ((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))