Top of the Street: Dassault Aviation, Puma, Remy Cointreau
28/07/2025 12:58
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Kepler Cheuvreux upgrades Dassault Aviation AM.PA to "buy" from "hold", stating that potential tariff impacts on its Falcon jet business can be mitigated by lower research and development spending and other cost-saving measures, and viewing the recent share price drop as an overreaction ** Deutsche Bank cuts Puma PUMG.DE to "hold" from "buy" after a weaker than expected Q2 EBIT and a "severe" downgrade to FY sales and EBIT guidance, making Puma a tough investment case until there is clarity in the strategy, in the broker's view INITIATIONS AND REINSTATEMENTS ** Midcap Partners resumes coverage of French spirits maker Remy Cointreau RCOP.PA with "hold" rating, saying that it will need to wait one more quarter to gradually see Remy Cointreau's performance normalize, even as Q1 marked a return to growth after eight quarters of decline (*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 Anna Peverieri, Joao Manuel Mauricio) ((JoaoManuel.VicenteMauricio@thomsonreuters.com))