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NEM - Nemetschek SE News Story

€81.3 -3.6  -4.3%

Last Trade - 21/01/22

Sector
Technology
Size
Large Cap
Market Cap £7.86bn
Enterprise Value £7.83bn
Revenue £546.9m
Position in Universe 131st / 1058

BUZZ-Top of the Street: Rolls Royce, Mediobanca, Nemetschek, Homeserve, Rio Tinto, HSBC

Wed 6th October, 2021 1:50pm
Oct 6 (Reuters) - A round-up of notable broker activity this
morning from Europe's top-ranked* analysts:
    
    ** Bernstein raises Britain's Rolls Royce  RR.L  to
"market-perform" from "underperform", saying its non-civil aero
success helps slowly build confidence in the company's
turnaround, future cash growth, and balance sheet repair
    ** Deutsche Bank cuts Italy's bank Mediobanca  MDBI.MI  to
"hold" from "buy", saying the stock offers a limited upside from
the current levels
    ** Deutsche Bank and Stifel both cut German-based
construction software developer Nemetschek  NEKG.DE  to "hold"
from "buy", with DB expecting a good but slower progress in Q3
vs Q2, while Stifel seeing Nemetschek achieving peak top-line
growth and EBITDA margins in 2021  urn:newsml:reuters.com:*:nL8N2R20XS
    ** Exane BNP Paribas double downgrades international home
repairs and improvements firm Homeserve  HSV.L  to
"underperform" from "outperform", being less of an enthusiast on
the company's short-term trajectory for customer numbers in the
United States and Britain  urn:newsml:reuters.com:*:nL4N2R21DK
    ** Exane BNP Paribas Raises mining and metals company Rio
Tinto  RIO.L  to "outperform" from "neutral" on valuation and
BHP's  BHBP.L  FTSE exit
    ** UBS raises London-listed lender HSBC  HSBA.L  to "buy"
from "neutral" on valuation grounds, saying HSBC is
underperforming since mid-2019  urn:newsml:reuters.com:*:nL4N2R21EZ    
    
(*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 Halilcan Soran and Adrianna Ebert)
 ((halilcan.soran@tr.com; Adrianna.Ebert@thomsonreuters.com))
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