Top of the Street: Sainsbury, SSP, Ageas, Siemens

Siemens AG

28/04/2026 12:25

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

** Citi cuts UK retailer Sainsbury SBRY.L to "neutral" from "buy," citing a weaker-than-expected guidance for FY 2027

** UBS downgrades SSP SSPG.L to "neutral" from "buy," saying a prolonged conflict in Middle East could lead to disruptions of volumes for the British airport outlet operator

** Bank of America cuts Ageas AGES.BR to "neutral" from "buy" as it warns of an impact from the product mix shift in China to the Belgian's insurers profits

** HSBC upgrades Siemens SIEGn.DE to "buy" from "hold," expecting strong demand for Smart Infracstructure to be the main profit driver for the German engineering group

(*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 Amir Orusov and Boleslaw Lasocki)

((boleslaw.lasocki@thomsonreuters.com))