Top of the Street: Universal Music Group, Fortum, Hensoldt
BUZZ-Top of the Street: Universal Music Group, Fortum, Hensoldt A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** UBS raises Finnish utility Fortum FORTUM.HE to "neutral" from "sell", saying a power purchase agreement with Google "gives credibility to Fortum's DC story" regarding data centre monetisation ** Kepler Cheuvreux upgrades German aerospace and defence group Hensoldt HAGG.DE to "buy" from "hold", citing accelerating earnings and order momentum alongside strong air defence demand ** Barclays ups Universal Music Group UMG.AS to "overweight" from "equal weight", citing earnings upside from cost efficiency efforts and artificial intelligence opportunities
(*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 Rafal Nowak and Elviira Luoma in Gdansk)
((RafalWojciech.Nowak@thomsonreuters.com; +48 58 769 66 63;))
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Top of the Street: Universal Music Group, Fortum, Hensoldt
Barclays upgrades Universal Music on cost-cutting, AI upside