BUZZ — Top of the Street: Merlin Properties, ACS, Endeavour Mining, DHL
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: * Jefferies upgrades Merlin Properties from "hold" to "buy", saying that headwinds are now priced in and the underlying data centre growth remains intact Initiations And Reinstatements * JPMorgan initiates its coverage on Spanish builder ACS with an "overweight" rating saying data centre fears "obscure a compelling growth and valuation story" * RBC initiates its coverage on DSV and Kuehne + Nabel with "sector perform" ratings, saying the companies are high quality stocks with attractive total return profits, generating the bulk of their earnings in freight forwarding * RBC also starts DHL with an "outperform" rating, citing forecasts ahead of consensus driven by DHL Express and better that it expected volume outlook despite deglobalisation concerns * Goldman Sachs initiates coverage on Endeavour Mining PLC with a "buy" rating, saying gold has remained resilient despite real-rate backdrop and adding the stock offers strongest organic growth and FCF yield combination (*Analyst rankings from Thomson Reuters StarMine. The scale is from 1-star to 5-star with 5 being the best. Analysts are ranked on ea
A round-up of notable broker activity this morning from Europe's top-ranked* analysts: * Jefferies upgrades Merlin Properties from "hold" to "buy", saying that headwinds are now priced in and the underlying data centre growth remains intact Initiations And Reinstatements * JPMorgan initiates its coverage on Spanish builder ACS with an "overweight" rating saying data centre fears "obscure a compelling growth and valuation story" * RBC initiates its coverage on DSV and Kuehne + Nabel with "sector perform" ratings, saying the companies are high quality stocks with attractive total return profits, generating the bulk of their earnings in freight forwarding * RBC also starts DHL with an "outperform" rating, citing forecasts ahead of consensus driven by DHL Express and better that it expected volume outlook despite deglobalisation concerns * Goldman Sachs initiates coverage on Endeavour Mining PLC with a "buy" rating, saying gold has remained resilient despite real-rate backdrop and adding the stock offers strongest organic growth and FCF yield combination (*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 Margaux Perrin and Athina Karolidou) ((Margaux.Perrin@thomsonreuters.com)