Top of the Street: St-Gobain, Imperial Brands, Sandvik, Teamviewer
29/01/2021 13:01
A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
** Davy Research upgrades French construction firm
Saint-Gobain SGOB.PA to "outperform" from "neutral", as it
sees a multi-year opportunity for evolved products suppliers for
building decarbonisation urn:newsml:reuters.com:*:nL8N2K42P5
** Citigroup says Imperial Brands IMB.L is at attractive
valuations, but EPS is likely to go modestly backwards for 2
years -- cuts the British tobacco company to "neutral" from
"buy"
** Deutsche Bank raises Swedish engineering firm Sandvik
SAND.ST to "buy" from "hold", as it considers the proposal of
an exceptional dividend a sign of both strength and confidence
INITIATIONS AND REINSTATEMENTS
** Deutsche Bank initiates Teamviewer TMV.DE with "buy",
saying the German software company has a strong longer-term
growth potential rather than just being a "COVID play"
** Morgan Stanley says Nibe Industrier NIBEb.ST is priced
as an environmental, social and governance (ESG) winner for
supernormal growth, but its product offering and market
opportunity are misunderstood -- initiates the Swedish heating
technology specialist with "underweight"
(*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.)
((jagoda.darlak@tr.com; michal.aleksandrowicz@tr.com))