Top of the Street: BMW, Amadeus, SIG
BUZZ -Top of the Street: BMW, Amadeus, SIG A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** Berenberg sees room for relief in European auto sector and raises BMW BMWG.DE to "buy" from "hold", citing the German carmaker's restructuring efforts and product launch schedule
** Deutsche Bank upgrades Amadeus AMA.MC to "buy" from "hold", saying the market is mispricing risks AI poses to the Spanish travel tech firm
INITIATIONS AND REINSTATEMENTS
** J.P. Morgan starts coverage of Swiss aseptic carton producer SIG Group SIGNC.S at "neutral", citing limited growth in mature markets and intense price competition in less-developed ones, but adding these risks are already reflected in the share price
(*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 Olivier Cherfan and Joao Manuel Mauricio)
Recent news on SIG AG
See all newsEurope Research Roundup: Fidelity Emerging Markets, INFICON Holding, Novartis
European shares shrug off HSBC miss as other earnings, oil relief lift sentiment
SIG jumps after Q3 sales beat, margin outlook raised
SIG Group raises full-year EBIT margin guidance
Brief: Sig Group AG Raises Full-Year Adjusted EBIT Margin Guidance To 16.0-16.5%