Top of the Street: Accor, ASR Nederland, Persimmon, Scout24

Scout24 SE

11/04/2023 11:10

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Exane BNP Paribas raises Scout24  G24n.DE  to
"outperform" from "neutral", citing an attractive risk/reward on
a fundamentally high quality classifieds business after a period
of underperformance
    ** Morgan Stanley ups Europe's biggest hotel group Accor
 ACCP.PA  to "overweight" from "neutral", seeing the company as
a winner in "underappreciated" luxury and lifestyle market
    ** Barclays views Persimmon's  PSN.L  FY23 consensus as
"overly conservative" and raises the British realtor to "equal
weight" from "underweight", adding that a very material erosion
in long-term returns is now priced in
    ** Citigroup raises Dutch insurer ASR Nederland  ASRNL.AS 
to "buy" from "neutral", expecting the Aegon  AEGN.AS  deal to
bring greater earnings diversification, a shorter liability
duration and a pro-forma solvency above 190%
    
    
(*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 Clement Martinot and Jagoda Darlak in Gdansk)
 ((Clement.martinot@tr.com; jagoda.darlak@tr.com))