Top of the Street: RTL, Bunzl, Leonardo, Epiroc

RTL SA

27/04/2021 13:05

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Citigroup raises European broadcast group RTL  RRTL.DE 
to "buy" from "neutral", saying that there is a scope for
regional broadcasters to co-exist with the global streaming
giants and content is the key
    ** Morgan Stanley cuts international and services company
Bunzl  BNZL.L  to "underweight" from "equal weight", saying the
shares are not pricing in slower growth prospectus through 2022,
rising margin pressure and limited visibility for a base
business recovery
    ** Morgan Stanley cuts Italian defence group Leonardo 
 LDOF.MI  to "equal weight" from "overweight", saying the deal
to buy a 25.1% stake in Hensoldt  HAGG.DE  risks undermining two
key aspects of the equity story - deleveraging and consistency
of strategic direction
    ** Kepler Cheuvreux cuts Swedish mining gear maker Epiroc 
 EPIRa.ST  to "hold" from "buy"

    
    
(*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.)


 ((Anna.banacka@thomsonreuters.com,
elizaveta.gladun@thomsonreuters.com))