Advertisement
UK markets open in 46 minutes
  • NIKKEI 225

    37,631.32
    -828.76 (-2.15%)
     
  • HANG SENG

    17,229.67
    +28.40 (+0.17%)
     
  • CRUDE OIL

    82.91
    +0.10 (+0.12%)
     
  • GOLD FUTURES

    2,330.30
    -8.10 (-0.35%)
     
  • DOW

    38,460.92
    -42.77 (-0.11%)
     
  • Bitcoin GBP

    51,546.50
    -1,882.91 (-3.52%)
     
  • CMC Crypto 200

    1,389.87
    +7.30 (+0.53%)
     
  • NASDAQ Composite

    15,712.75
    +16.11 (+0.10%)
     
  • UK FTSE All Share

    4,374.06
    -4.69 (-0.11%)
     

BUZZ-Top of the Street: Lindt & Sprungli, Electrocomponents, WH Smith

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

** Berenberg cuts Swiss chocolate maker Lindt & Sprungli to "hold" from "buy", highlighting limited upside and integration risk of Russell Stover in North America

** Peel Hunt raises Electrocomponents (LSE: ECM.L - news) to "add" from "hold" seeing c.14% upside potential for stock

** Stifel upgrades WH Smith (LSE: SMWH.L - news) to "buy" from "hold" following recent weakness in the share price

"Increasingly established International Travel credentials (£9m EBIT, +30% YoY), proven resistance to the Amazon threat and one of the most shareholder value-focused management teams in the sector give WH Smith shares a rightful place on our top picks list," broker says in a note on European consumer & retail stocks

(*Analyst rankings from Thomson Reuters StarMine. Scale is from 1-star to 5-star with 5 being best. Analysts ranked on earnings accuracy as well as relative performance of recommendations over trailing 12-month & 24-month periods.)