Top of the Street: Lindt, Aegon, SKF, Galp

SKF AB

22/11/2024 13:15

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** Baader Helvea upgrades Lindt  LISN.S  to "add" from
"reduce", seeing the Swiss chocolate maker as a "safe haven" in
a tough environment created by high cocoa prices 
    ** Morgan Stanley raises Aegon  AEGN.AS  to "overweight"
from "equal-weight", saying the Dutch insurer should benefit
from a more optimistic near-term outlook in the U.S. vs Europe
    ** Kepler Cheuvreux upgrades SKF  SKFb.ST  to "buy" from
"reduce" as it expects recovery in the Swedish bearing
manufacturer's volumes despite weak markets and high investments
    
    INITIATIONS AND REINSTATEMENTS
    ** Berenberg starts Galp Energia  GALP.LS  with a "buy",
expecting the oil discovery offshore Namibia earlier this year
to provide near-term catalysts and drive the Portuguese oil and
gas company's long-term growth
    
    
(*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 Tiago Brandao and Boleslaw Lasocki)
 ((tiago.brandao@thomsonreuters.com))