Top of the Street: Thales, SES, Swisscom, Rightmove
02/10/2025 12:49
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** Kepler Cheuvreux upgrades Thales TCFP.PA to "buy" from "hold," calling the French defence firm's portfolio one of the "most dependable compounding machines" in the sector ** Exane BNP Paribas upgrades Swisscom SCMN.S to "outperform" from "neutral", seeing it as a good way to invest in the fibre rollout trend INITIATIONS AND REINSTATEMENTS ** Bernstein initiates coverage on Rightmove RMV.L with an 'outperform' rating and 870p price target, citing the UK property portal's market-leading position and strong foundations for innovation ** Deutsche Bank resumes coverage of SES SESG.PA with a 'buy' rating and EUR 10 price target, citing topline growth and margin expansion potential from its Intelsat deal (*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 Marta Maciag and Olivier Cherfan) ((Marta.Maciag@thomsonreuters.com, Olivier.Cherfan@thomsonreuters.com))