Top of the Street: Anglo American, Publicis, Wolters Kluwer, Galp

Wolters Kluwer

11/07/2024 12:09

A round-up of notable broker activity this morning from Europe's
top-ranked* analysts:
    
    ** J.P.Morgan cuts media stocks Publicis  PUBP.PA  and
Wolters Kluwer  WLSNc.AS  to "neutral" from "overweight" as it
says both had extended periods of stock over-performance
    ** Morgan Stanley downgrades Portuguese Galp  GALP.LS  to
"underweight" from "equal weight" as it sees now the stock as
less attractive than peers after shares already incorporated
substantial value for the Mopane oil field discoveries in
Namibia
    ** RBC cuts the mining group Anglo American  AAL.L  to
"perform" form "outperform" as it expects the fire at Grosvenor
to delay the sale of the met coal division, removing one of the
key near term catalysts
    
(*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 Philippe Leroy Beaulieu and Matteo Allievi)
 ((Matteo.allievi@thomsonreuters.com))