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Exane sees attractive returns in retail real estate, flags differing corporate risk

BUZZ-Exane sees attractive returns in retail real estate, flags differing corporate risk ** Exane BNP Paribas sees income returns attractive for retail real estate firms , but flags that corporate risk profiles contrast ** "Asset values have mostly stabilised, and property yield spreads to risk free rates are higher in comparison to offices and residential.
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BMW, Legrand, Sodexo

EUROPE RESEARCH ROUNDUP- BMW, Legrand, Sodexo Sept 11 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including BMW, Legrand and Sodexo, on Wednesday. HIGHLIGHTS * BMW BMWG.DE : HSBC cuts target price to EUR 85 from EUR 109 * Kion Group AG KGX.DE : JP Morgan raises to overweight from neutral * Legrand LEGD.PA : JP Morgan raises to overweight from neutral * Phoenix PHNX.L : Peel Hunt cuts target price to 650p from 690p * Sodexo EXHO.PA : JP M
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Air Liquide, Novo Nordisk, Syensqo

EUROPE RESEARCH ROUNDUP- Air Liquide, Novo Nordisk, Syensqo Sept 5 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Air Liquide, Novo Nordisk and Syensqo, on Thursday. HIGHLIGHTS * Air Liquide AIRP.PA : Morgan Stanley cuts to underweight from equal-weight * Lanxess AG LXSG.DE : Morgan Stanley raises to overweight from underweight * Novo Nordisk NOVOb.CO : JP Morgan raises target price to DKK 1050 from DKK 950 * Swiss Life Holding AG
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JPM flags supportive value trends for Klepierre amid macro risks - ups to 'neutral'

BUZZ-JPM flags supportive value trends for Klepierre amid macro risks - ups to 'neutral' ** J.P.Morgan upgrades French shopping centre operator Klepierre LOIM.PA to "neutral" from "underweight," citing improving property value trends and a resilient rental growth evolution ** It however notes the remaining risks from a potentially weaker European consumer market, flagging a likely pricing power decrease, building margin squeeze, likely softening final demand and potential labour market weakening
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Carnival, Kingfisher, Unite Group

EUROPE RESEARCH ROUNDUP-Carnival, Kingfisher, Unite Group Sept 2 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Carnival, Kingfisher and Unite Group on Monday. HIGHLIGHTS * Believe SA BLV.PA : Citigroup resumes coverage with neutral rating; PT EUR 15 * Carnival CCL.L : HSBC raises target price to 960p from 895p * Derwent London DLN.L : Morgan Stanley raises target price to 3000p from 2750p * Kingfisher Plc KGF.L : Barclays cuts to
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Kuwait in talks with Qatar for new 15-year LNG supply deal from North Field

RPT-EXCLUSIVE-Kuwait in talks with Qatar for new 15-year LNG supply deal from North Field Repeats with no changes to text By Emily Chow, Marwa Rashad, Maha El Dahan and Ahmed Hagagy Aug 20 (Reuters) - Qatar Energy is in talks with Kuwait Petroleum Corporation (KPC) for a new long-term supply of liquefied natural gas (LNG) to help meet rising demand for power generation in the Gulf Arab state, five trading and industry sources told Reuters.
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Kuwait in talks with Qatar for new 15-year LNG supply deal from North Field

EXCLUSIVE-Kuwait in talks with Qatar for new 15-year LNG supply deal from North Field By Emily Chow, Marwa Rashad, Maha El Dahan and Ahmed Hagagy Aug 20 (Reuters) - Qatar Energy is in talks with Kuwait Petroleum Corporation (KPC) for a new long-term supply of liquefied natural gas (LNG) to help meet rising demand for power generation in the Gulf Arab state, five trading and industry sources told Reuters.
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Klepierre rises on 'Robust H1', hikes outlook

BUZZ-Klepierre rises on 'Robust H1', hikes outlook ** Shares in French shopping centre operator Klepierre LOIM.PA rise 4% after it posted positive H1 results and a 2% increase in EPS guidance ** "In many aspects, we see this set of results as better than peers," says Jefferies, adding that company's LFL growth is up 6% vs 3.4% to 5.3% growth reported by its peers, including URW, Mercialys and Carmila ** Results were solid despite a challenging retail environment, says Degroof Petercam ** "The st
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Klepierre Targets EBITDA Growth Of 5% in 2024

BRIEF-Klepierre Targets EBITDA Growth Of 5% in 2024 July 31 (Reuters) - Klepierre SA LOIM.PA : STRONG OPERATING PERFORMANCE DRIVING TO VALUATION INCREASE AND GUIDANCE UPGRADE H1 NET CURRENT CASH FLOW PER SHARE AT EUR 1.25, UP 3.3% VS. FIRST-HALF 2023 H1 EBITDA UP 5.4% YEAR ON YEAR H1 OCCUPANCY AT 96.2%, UP 50 BASIS POINTS YEAR ON YEAR UPGRADED FULL
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Top of the Street: Kering, LEG Immobilien, Gecina, Klepierre, Safran, Admiral, Rio Tinto, Anglo American, PSP Swiss Property

BUZZ-Top of the Street: Kering, LEG Immobilien, Gecina, Klepierre, Safran, Admiral, Rio Tinto, Anglo American, PSP Swiss Property A round-up of notable broker activity this morning from Europe's top-ranked* analysts: ** BofA Global Research Shares double upgrades the luxury group Kering PRTP.PA to "buy" from "underperform", citing early signs of brand heat improvement at its crown jewel Gucci ** DB ups LEG Immobilien LEGn.DE to "buy" from "hold", adding European real estate sector has "clearly i
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TAG Immobilien tops STOXX Real Estate index after DB upgrade

BUZZ-TAG Immobilien tops STOXX Real Estate index after DB upgrade ** Shares in TAG Immobilien TEGG.DE rise as much as 6.2%, topping pan-European STOXX 600 Real Estate sub-index .SX86P , after Deutsche Bank upgrades the German group to "buy" from "hold" ** DB analyst Thomas Rothaeusler says sentiment in the European real estate sector has "clearly i
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Admiral, Cucinelli, URW

EUROPE RESEARCH ROUNDUP-Admiral, Cucinelli, URW June 27 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Admiral, Cucinelli and URW, on Thursday. HIGHLIGHTS * Admiral ADML.L : BofA Global Research raises to buy from neutral * Adriatic Metals Plc ADT1.L : Berenberg raises to buy from hold * Anglo American AAL.L : Berenberg cuts to sell from hold * Cucinelli BCU.MI : Stifel raises to buy from hold * URW URW.PA : JP Morgan raises to ne
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ABB, Klepierre, Ryanair

EUROPE RESEARCH ROUNDUP-ABB, Klepierre, Ryanair June 20 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including ABB, Klepierre and Ryanair, on Thursday. HIGHLIGHTS * ABB Ltd ABBN.S : Citigroup cuts to neutral from buy * ASM International NV ASMI.AS : Morgan Stanley raises to overweight from equal weight * Deutsche Lufthansa AG LHAG.DE : Stifel cuts to hold from buy * Klepierre LOIM.PA : HSBC raises to buy from hold * Ryanair RYA.I : UBS cu
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