Top of the Street: Bankinter, Diageo, Sandoz Group

Sandoz AG

08/08/2025 11:36

A round-up of notable broker activity this morning from Europe's top-ranked* analysts:

** Deutsche Bank cuts Bankinter BKT.MC to "hold" from "buy" and increases its PT by 11% to EUR 12.75, citing strong earnings but limited margin for error at current valuation

** Goldman Sachs raises Diageo DGE.L to "neutral" from "sell" on supportive valuation, cost-saving efforts, and potential for improved free cash flow despite a cautious outlook on U.S. for spirits

** Jefferies cuts Sandoz Group SDZ.S to "hold" from "buy", while raising its PT to CHF 47.6 from CHF 42.8, citing medium-term margin gains but near-term competitive challenges

(*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 Agnieszka Olenska and Clement Martinot)

 ((Agnieszka.Olenska@thomsonreuters.com, Clement.Martinot@thomsonreuters.com))