Top of the Street: Airbus, Boliden, HelloFresh, Randstad

Randstad NV

19/03/2024 12:57

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** RBC upgrades French aircraft manufacturer Airbus  AIR.PA 
to "outperform" from "sector perform", expecting share gains to
cheer investors as the company could out-deliver troubled Boeing
    ** Deutsche Bank downgrades Swedish metals maker Boliden
 BOL.ST  to "hold" from "buy" on higher-than-estimated capex
guidance and rebuild costs
    ** Barclays cuts Germany-based meal-kit company HelloFresh
 HFGG.DE  to "equal weight" from "overweight" on concerns over
new customers growth, flagging lack of stabilisation in new
customer adds in the U.S. meal-kit business
    
    INITIATIONS AND REINSTATEMENTS
    ** MS initiates coverage of staffing group Randstad
 RAND.AS  with "overweight", saying it prefers the Dutch firm
over Swiss-based peer Adecco  ADEN.S  due to better
profitability and cash return profile
    
(*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 Elviira Luoma and Olivier Sorgho)
 ((Elviira.luoma@thomsonreuters.com))