Advertisement
UK markets closed
  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     
  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     
  • AIM

    771.53
    +3.42 (+0.45%)
     
  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     
  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     
  • Bitcoin GBP

    50,921.75
    +642.88 (+1.28%)
     
  • CMC Crypto 200

    1,323.42
    +46.44 (+3.64%)
     
  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     
  • DOW

    38,675.68
    +450.02 (+1.18%)
     
  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     
  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     
  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     
  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     
  • DAX

    18,001.60
    +105.10 (+0.59%)
     
  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     

BUZZ-Top of the Street: round-up of highly rated analyst action in Europe

Ratings & estimate changes by Europe's top-ranked* analysts:

** Pirelli : SocGen (Paris: FR0000130809 - news) (4-star analyst), ups rating to buy from hold, says co meeting earnings expectation despite negative currency impact, 2014 outlook strong.

** Saint Gobain (Berlin: GOB.BE - news) : SocGen (5-star analyst), raises price target to 50, says earnings potential underestimated by consensus.

** Grainger : Jefferies raises target price to 269p, rating buy.

** Intesa SanPaolo (Frankfurt: IES.F - news) : Deutsche (5-star on earnings accuracy), keeps buy on strong results, ups target price to 2.80, dividends well beyond expectations.

ADVERTISEMENT

** RIO , BHP : Credit Suisse (NYSE: CS - news) sees shift back to quality within European metals & mining sector as earnings momentum wanes. Stronger balance sheets to attract investors to the large caps.

** Pearson (Dusseldorf: PES.DU - news) : Macquarie (top-ranked analyst, 5-stars on earnings & recommendations), keeps underperform, target price £9.00, US Education business remains under pressure as state budgets not strong enough yet.

** JPMorgan weighs in on the capex vs buybacks debate, argues both need not be mutually exclusive as both a function of strength of cash flows & credit availability.

* 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.

(Stocks Buzz is a pilot project. Please send any feedback or suggestions to vikram.subhedar@thomsonreuters.com) (RM (LSE: RM.L - news) : vikram.subhedar.thomsonreuters.com@reuters.net)