BUZZ-Top of the Street: QinetiQ, Atlas Copco, Maersk, Shire
Aug 17 - A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** Following the stock's decline Barclays (LSE: BARC.L - news) upgrades QinetiQ to "overweight", believing that the balance of risk/reward is now favorably skewed
** In a note entitled "An attractive entry point" JPMorgan (LSE: JPIU.L - news) raises Atlas Copco (LSE: 0R82.L - news) to "overweight", expecting that a solid outlook in 2018 for Vacuum should ease a key investor concern
** Handelsbanken cuts A.P. Moller-Maersk to "sell", saying that the market estimates for Maersk Line are too optimistic and that pricing has gradually become too strained
** Evercore initiates Shire (Xetra: S7E.DE - news) with "outperform", claiming that the key biologic franchises are well positioned for growth to offset hemophilia decline
(*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.)