Top of the Street: Sartorius, KBC, Zurich Insurance
BUZZ-Top of the Street: Sartorius, KBC, Zurich Insurance A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** RBC raises German pharmaceutical equipment supplier Sartorius SATG.DE to "outperform" from "sector perform", seeing improving outlook, accelerating growth prospects and potential benefits from AI-driven demand
** Citigroup upgrades KBC KBC.BR to "buy" from "neutral", citing a valuation disconnect given the Dutch bank's resilient business model, growth outlook and exposure to fast-growing CEE markets
** UBS raises Zurich Insurance ZURN.S to "neutral" from "sell", citing the Swiss insurer's structural growth drivers and healthy margins, while saying cyclical headwinds are adequately priced in
(*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 Agnieszka Olenska and Gianluca Lo Nostro)