Top of the Street: Bechtle, Maersk, Mondi, Vestas

Vestas Wind Systems A/S

14/05/2025 13:24

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

** UBS upgrades German IT service provider Bechtle BC8G.DE to "buy" from "neutral" as it expects stabilization in the German government and economy will boost IT spending

** Deutsche Bank raises Danish shipping group Moeller-Maersk MAERSKb.CO to "hold" from "sell" citing potential hikes in freight rates due to a rebound in the China-US trade lane as inventories are replenished

** J.P.Morgan ups packaging firm Mondi MNDI.L to "overweight" from "neutral" citing a potential surge in demand for kraft paper following the German stimulus and a possible resolution in the Russia's war in Ukraine, which is likely to trigger construction activity in the damaged areas

** Berenberg upgrades Vestas Wind Systems VWS.CO to "buy" from "hold" citing significant upside if the Danish wind turbine maker can deliver steady margin improvement despite some uncertainties

(*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 Antonis Pothitos and Dimitri Rhodes)

 ((Antonis.Pothitos@thomsonreuters.com; Dimitri.Rhodes@thomsonreuters.com))