Top of the Street: Signify, Bakkafrost, Maersk, Glencore

P/F Bakkafrost

06/02/2026 12:41

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

** Berenberg downgrades Dutch lighting maker Signify LIGHT.AS to "hold" from "buy", citing weak results, an uncertain outlook and a paused share buyback

** Kepler Cheuvreux upgrades Oslo-listed fish farmer Bakkafrost BAKKA.OL to "buy" from "hold", raising its TP to NOK 525 ($54.00) from NOK 495

** The brokerage also ups Danish shipping giant Maersk MAERSKb.CO to "hold" from "reduce", citing a 2026 guidance signaling lower earnings despite a "better than expected" Q4

INITIATIONS AND REINSTATEMENTS

** J.P.Morgan resumes coverage of London-listed Glencore GLEN.L at "neutral", saying it expects miners to embrace "proactive strategic change" in 2026, and to propel shareholder value creation

(*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.)

($1 = 9.7216 Norwegian crowns)

 (Reporting by Philippe Leroy Beaulieu and Marta Maciag in Gdansk)

 ((Philippe.leroybeaulieu@tr.com))