A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** J.P. Morgan downgrades international media conglomerate RTL Group AUDK.LU to "neutral" from "overweight", noting that its acquisition of Sky Deutschland may give the group 'years of indigestion' due to the German media company's continuing losses
** Jefferies cuts British property firm Land Securities LAND.L to "underperform" from "hold", citing a 'debt drag' on the sector and execution risk in the company's strategy to recycle capital into the build-to-rent market
** BofA Securities raises Dutch insurer NN Group NN.AS to "buy" from "neutral", pointing to an attractive valuation, strong operational outlook, and buyback expectations that are ahead of market consensus
(*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 Rafal Nowak and Marta Frąckowiak)
((marta.frackowiak@thomsonreuters.com;rafal.nowak@thomsonreuters.com))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。