Additional European Equity News

AstraZeneca (AZN LN) - ENHERTU granted priority review in the US for patients with Metastatic HER2 positive solid tumours. (Newswires) 

Ferrari (RACE IM) – Co. has reportedly held discussions with the Italian government in order to amend the Capital Market’s bill which would assist the Co. in bringing its office to Italy once again, via Reuters citing sources. (Newswires)

Galp Energia (GALP PL) - Q4 Trading Update: Working interest production 126.8k boepd, -3% Y/Y. (Newswires) 

GSK (GSK LN) - European Commission authorises GSK's Omjjara. (Newswires)

Jyske Bank (JYSK DC) - Guides initial FY24 (DKK): Net 4.3-5.1bln (5.4-5.7bln guided for FY23). (Newswires)

Krones (KRN GY) - Krones intends to expand its portfolio into injection molding with the imminent acquisition of Netstal. (Krones) 

Neste (NESTE FH) - Partners with PVG to enable households in Europe to heat their homes with a lower-emission heating liquid. (Newswires) 

Ryanair (RYA ID) – CEO O’Leary: if/when there is surplus cash it would be returned to shareholders, though board is conscious of need to maintain a prudent level of cash. Too early to give profit guidance for 2025. Intends to fly 200mln passengers in FY25, summer pricing likely stronger given A320 issues. 

Wolters Kluwer (WKL NA) - Launches AI-powered Lippincott Medical Education digital learning platform. (Businesswire)

Azimut (AZM IM) cut to Equalweight from Overweight at Barclays

DNB (DNB NO) downgraded to Buy from Hold at Carneige Securities

Kingfisher (KGF LN) downgraded to Sector Perform from Outperform at RBC 

ProsiebenSat.1 (PSM IM) upgraded to Overweight from Equalweight at Barclays

Novozymes (NZYMB DC) upgraded to Buy from Hold at Jefferies 

Schroders (SDR LN) downgraded to Underperform from Neutral at BNP Paribas 

Stroeer (SAX GY) downgraded to Equal Weight from Overweight at Barclays 

Sartorius Stedim Biotech (DIM FP) downgraded to Sell from Neutral at RBC 

SNAM RETE (SRG IM) downgraded to Sector Perform from Outperform at RBC

SNAM RETE (SRG IM) downgraded to Neutral from Outperform at Santander

Lonza (LONN SW) upgraded to Sector Perform from Underperform at RBC 

Valeo (FR FP) upgraded to Buy from Hold at HSBC 

Volvo Cars (VOLCARB SS) downgraded to Market Perform from Outperform at Bernstein 

Wise (WISE LN) downgraded to Hold from Buy at Peel Hunt

29 Jan 2024 - 07:05- EquitiesResearch Sheet- Source: Newsquawk