Top of the Street: Centrica, Galderma Group and Pirelli

Pirelli & C.

30/07/2026 13:02

A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
     
** HSBC raises Centrica CNA.L to "buy" from "hold" as the British Gas owner has an attractive EPS growth coming through from 2027 onwards
** Morgan Stanley upgrades Swiss skincare firm Galderma Group GALD.S to "overweight" from "equal weight", citing growth and quality combined with improved visibility that deserve a valuation premium
** J.P. Morgan cuts Pirelli PIRC.MI to "neutral" from "overweight" as the broker's earnings estimates for the Italian tyremaker are not differentiated from consensus
     
     
(*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 Tiago Brandao and Antonis Porthitos)
((Tiago.Brandao@thomsonreuters.com; antonis.pothitos@thomsonreuters.com ; +48 58 769 65 78;))