Top of the Street: Nokia, Persimmon, easyJet, Repsol

Nokia Oyj

15/01/2026 12:07

A round-up of notable broker activity this morning from Europe's top-ranked* analysts:

** Morgan Stanley raises Finnish telecoms equipment maker Nokia NOKIA.HE to "overweight" from "equal-weight" on AI-driven demand

** Deutsche Bank cuts British housebuilder Persimmon PSN.L to "hold" from "buy", noting that despite a solid performance in 2025, the sales rates were low in the fourth quarter

** Deutsche Bank also cuts British carrier easyJet EZJ.L  to "sell" from "hold", predicting another year of relative underperformance and competitive short-haul markets

** RBC cuts Spanish energy firm Repsol REP.MC to "underperform" from "sector perform", noting that refining margins have retreated to mid-cycle territory and risk-reward is skewing to the downside

(*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 Athina Karolidou and Paolo Laudani)

 ((Athina.Karolidou@thomsonreuters.com, +48 58 769 66 00))