Top of the Street: L'Oreal, Teleperformance, Irish banks, Informa

TechTarget

16/10/2024 13:35

A round-up of notable broker activity this morning from Europe's top-ranked*
analysts:
    
    ** J.P. Morgan cuts L'Oreal  OREP.PA  to "underweight" from "neutral",
citing perceived risks to the French firm's growth expectations and premium
rating 
    ** Kepler Cheuvreux raises French telemarketer Teleperformance  TEPRF.PA  to
"buy" from "hold", saying appointment of new chairman may speed up CEO
transition, and deeming "sequential" improvement in LFL sales growth as
reassuring
    
    INITIATIONS AND REINSTATEMENTS
    ** RBC initiates two Irish lenders AIB Group  AIBG.I , and Bank of Ireland
 BKIRx.L  at "sector perform" and "underperform" ratings respectively, citing
interest rates sensitivity coupled with entering the cutting cycle, and seeing
AIB as preferred option with its attractive valuation, higher return yield, and
lower risk to forecast NII
    ** Analysts from Deutsche Bank reinstate British research firm Informa
 INF.L  with "buy" rating, citing Ascential acquisition offsetting slower
TechTarget deal completion
    
(*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 Mateusz Rabiega and Olivier Cherfan)
 ((Mateusz.rabiega@thomsonreuters.com;))