Additional European Equity News

Barratt Redrow (BTRW LN) - HY (GBP): PBT 167.1mln; updates medium term guidance; expect to deliver around 22k homes per annum in medium term, with op. margin recovering to around 15%. Sees FY Adj. PBT, before impact of PPA adjustments at upper end of market views. (Newswires) 

Commerzbank (CBK GY) / UniCredit (UCG IM) - Commerzbank is planning job cuts and new financial targets as it aims to fend off advances by UniCredit, according to Reuters citing sources. (Reuters) 

Close Brothers (CBG LN) - Update in relation to motor commissions: To recognize up to GBP 165mln provision for motor commissions. Anticipated provision is exp. to reduce CET1 capital ratio by up to 150bps to 12%. (Newswires) 

Exclusive Networks (EXN FP) - Says ETNA French Bidco initiated simplified tender offer for the co's shares; price of offer at EUR 18.96/shr. (Newswires) 

Telecom Italia (TIT IM) - Italy and Asterion submitted a new bid for Telecom Italia's Sparkle business, according to Reuters citing sources. (Reuters) 

TomTom (TOM2 NA) - CEO and CMO to buy shares in the co., with investment up to EUR 10mln; shares to be acquired on open market. (Newswires) 

Indivior (INDV LN) - Delayed FDA approval of SUBLOCADE label changes. (Newswires) 

Air France (AF FP) initiated with Hold at Kepler  

AstraZeneca (AZN LN) initiated with Overweight at Morgan Stanley 

Bper Banca (BPE IM) upgraded to Buy from Hold at Deutsche Bank 

GSK (GSK LN) initiated with Underweight at Morgan Stanley

easyJet (EZJ LN) initiated with Buy at Kepler

Ryanair (RYA ID) initiated with Buy at Kepler

Roche (ROG SW) initiated with Equal Weight at Morgan Stanley

H&M (HMB SS) downgraded to Hold from Buy at Deutsche Bank

Novo Nordisk (NOVOB DC) initiated with Equal Weight at Morgan Stanley 

IAG (IAG LN) initiated with Buy at Kepler

IAG (IAG LN) downgraded to Market Perform from Outperform at Bernstein

Novartis (NOVN SW) initiated with Underweight at Morgan Stanley

Merck (MRK GY) downgraded to Equal Weight from Overweight at Morgan Stanley 

Lonza (LONN SW) downgraded to Equal Weight from Overweight at Morgan Stanley 

L'Oreal (OR FP) downgraded to Equal Weight from Overweight at Morgan Stanley 

Lufthansa (LHA GY) upgraded to Outperform from Market Perform at Bernstein

Lufthansa (LHA GY) initiated with Hold at Kepler

Sartorius (SRT3 GY) upgraded to Overweight from Equal Weight at Morgan Stanley 

Wizz Air (WIZZ LN) initiated with Hold at Kepler

12 Feb 2025 - 07:03- EquitiesEU Research- Source: Newsquawk