>>> Up
* BBGI Global Infrastructure SA Raised to Hold at Stifel (+)
* Bechtle Raised to Buy at Baader Helvea; PT 60 euros
* Delivery Hero Raised to Buy at Bryan Garnier; PT 66 euros
* Diploma Raised to Sector Perform at RBC; PT 2,450 pence
* Greenvolt Raised to Buy at JB Capital Markets; PT 8 euros
* Heineken Raised to Buy at Bryan Garnier; PT 100 euros (+)
* Just Eat Takeaway Raised to Buy at Bryan Garnier; PT 55 euros
* Krones Raised to Buy at HSBC; PT 96 euros
* Marimekko Raised to Accumulate at Inderes; PT 14 euros
* Prosus Raised to Overweight at JPMorgan; PT 73.40 euros
* Rational Raised to Hold at DZ Bank; PT 550 euros (+)
* Renew Raised to Buy at Numis; PT 900 pence (+)
* Unipol Raised to Buy at Berenberg; PT 7 euros
* Victorian Plumbing Group Raised to Add at Numis; PT 60 pence (+)
>>> Down
* Acciona Cut to Sector Perform at RBC; PT 185 euros
* B&S Group Cut to Hold at ING; PT 7.25 euros
* Delticom Cut to Hold at Bankhaus Metzler; PT 3.30 euros
* UnipolSai Cut to Hold at Berenberg; PT 2.98 euros
>>> Initiation
* BMW Rated New Outperform at Bernstein; PT 100 euros
* flatexDEGIRO Rated New Underperform at Autonomous Research
* Koenig & Bauer Rated New Buy at Stifel; PT 24 euros
* Mercedes Rated New Outperform at Bernstein; PT 85 euros
* Porsche SE Reinstated Underperform at Bernstein; PT 60 euros
* Renault Reinstated Market Perform at Bernstein; PT 25 euros
* Vicore Pharma Rated New Buy at Nordea; PT 84 kronor
* Volvo Cars Rated New Outperform at Bernstein; PT 90 kronor
* VW Reinstated Market Perform at Bernstein; PT 208 euros
>>> Call
* Avoid Calling Bottom to Crypto Slump, UBS GWM’s Haefele Says (+)
* Bechtle Up to Buy at Baader With Multiple Contraction Overdone
* Bryan Garnier Turns Positive on Food Delivery, Just Eat Raised (+)
* Diploma Upgraded at RBC With Valuation Now Less Stretched
* Goldman Downgrades Global Stocks’ Short-Term Outlook to Neutral
* Japan, UK Stock Valuations Are Becoming Attractive: Berenberg (+)
* Prosus and Naspers Both Raised at JPMorgan After Tencent Upgrade
* Unipol Upgraded to Buy, UnipolSai Cut to Hold at Berenberg
* Vodafone Outlook Not Enough to Turn Sentiment, Goldman Cuts PT (+)
- Daimler Truck (DTG TH) +4.1%
- Daimler Truck Raises Sales Outlook on Higher Prices, FX Gains
- Delivery Hero (DHER TH) +2.9%
- Bryan Garnier Turns Positive on Food Delivery, Just Eat Raised
- Prosus (1TY TH) +2.7%
- Prosus and Naspers Both Raised at JPMorgan After Tencent Upgrade
- Rio Tinto (RIO1 TH) +2.2%
- Watch European Miners as Base Metals Recover, Iron Ore Falls
- Just Eat Takeaway (T5W TH) +2.1%
- Bryan Garnier Turns Positive on Food Delivery, Just Eat Raised
- Bechtle (BC8 TH) +2%
- Bechtle Up to Buy at Baader With Multiple Contraction Overdone
- Kering (PPX TH) +1.6%
- Vodafone (VODI TH) +1.5%
- Vodafone Sees 2023 Adjusted Ebitda After Leases EU15B to EU15.5B
- *VODAFONE 4Q ORGANIC SERVICE REV. +2%, EST. +2.25%
- ProSieben (PSM TH) +1.2%
- Lufthansa (LHA TH) +1.1%
- Swedish Match (SWMC TH) -0.9%
- Evotec SE (EVT TH) -1%
- Evotec, Sernova Partner for Diabetes Cell Replacement Therapy
- Unilever (UNVB TH) -1.1%
- Unilever Double Downgraded at SocGen With Firm’s Hands ‘Tied’
DAX:
- Daimler Truck (DTG TH) +4.9%
- Daimler Truck Raises Sales Outlook on Higher Prices, FX Gains
- Delivery Hero (DHER TH) +3.7%
- Bryan Garnier Turns Positive on Food Delivery, Just Eat Raised
- Deutsche Bank (DBK TH) +1.4%
- Zalando (ZAL TH) +1.2%
- Siemens (SIE TH) +1.2%
MDAX:
- Bechtle (BC8 TH) +2.4%
- Bechtle Up to Buy at Baader With Multiple Contraction Overdone
- Commerzbank (CBK TH) +1.7%
- Commerzbank Roadshow Scheduled By MedioBanca for May 17-20
- Lufthansa (LHA TH) +1.5%
- ProSieben (PSM TH) +1.3%
- Cancom (COK TH) +1.2%
- Telefonica Deutschland (O2D TH) -0.7%
SDAX:
- VERBIO Vereinigte (VBK TH) +3.3%
- Krones (KRN TH) +2.4%
- Krones Raised to Buy at HSBC; PT 96 euros
- Deutsche PBB (PBB TH) +1.4%
- Nordex (NDX1 TH) +1%
- Schaeffler (SHA TH) +0.8%
- Adler Group (ADJ TH) -8.9%
- Adler Looking at Ways to Prop Up Consus Unit as Impairments Loom
Asian stocks rose Tuesday amid a jump in some technology firms and as investors assessed China’s efforts to stamp out Covid. An Asian share index rose for a third day -- it’s longest winning streak since mid-March. US and European futures bounced back after a Wall Street drop. China’s tech companies jumped on optimism Beijing may ease up on a yearlong clampdown following a meeting between regulators and corporate giants. Meanwhile, Shanghai reported three days of zero community transmission, a milestone that could lead officials to start unwinding a punishing lockdown. Flareups elsewhere in China showed how hard it is to tackle the omicron strain. A challenging global economic outlook amid elevated food and fuelcosts and tightening monetary settings continues to shape sentiment. Oil has jumped to about $114 a barrel and an index of agricultural prices is at a record high. Treasury yields climbed and the dollar held a retreat. Cryptocurrencies weathered the latest stablecoin turbulence, leaving Bitcoin near $30,000. US data Monday showed New York state manufacturing activity unexpectedly shrank in May for the second time in three months. That followed Chinese figures revealing a collapse in economic activity due to Covid-linked curbs.
The economic reports have fanned concerns of a downturn in the global economy alongside persistent price pressures that are forcing the Federal Reserve and a slew of other central banks to tighten monetary policy. US After Hours UAL +3.2% gets more bullish on Q2 outlook; SSYS +3.7%, TTWO +3.5% higher on earnings; GLBE -27% falls on earnings
Nikkei +0,34% Hang Seng +2,35% CSI +1,15% Shanghai +0,55% Shenzen +0,61%
Eur$ 1,0443 CNH 6,7832 CNY 7,7753 JPY 129,38 GBP 1,2342 CHF 1,0014 RUB 64,1250 TRY 15,6332 WTI$113,69 Gold 1,824,90 BTC 30,270 +1,2% ETH 2,070 +1,6%
S&P +0,50% Nasdaq +0,79% EuroStoxx +1,03% FTSE +0,55% Dax +1,02% SMI +0,52%
Macro :
- UK Plc and Energy Firms Set to Lead Rise in Activism, A&M Says
- Swiss Market Is Outperforming, But Not Like a Convincing Haven
- Bitcoin Edges Past $30,000 as Traders Assess Stablecoin Fallout
Keep an eye on :
- ACTI SS : Active Biotech Granted FDA Orphan Drug Status for Tasquinimod
- ADJ GY : Adler Looking at Ways to Prop Up Consus Unit as Impairments Loom
- AIR FP : Boeing’s Top Chinese Customer Removes 737 Max From Fleet Plans
- ARAMI FP : Aramis 1H Adjusted Revenue EU872.6M Vs. EU591.8M Y/y
- AGR LN : Assura Delays Full Year 2022 Results Announcement to May 24
- BCP PL : BCP 1Q Net Income EU112.9M Vs. EU57.8M Y/y
- CABK SM : CaixaBank Targets Generating Capital of About EU9B in Plan
- CABK SM : CaixaBank Board Agreed to Approve, Start Buyback of Up to EU1.8b
- CA FP : Germany’s Flink Buys Carrefour-Backed Cajoo; No Terms
- CLN SW : Clariant Governance Pact With Sabic to Expire After June 24 AGM
- DTG GY : Daimler Truck Boosts FY Revenue Forecast, Beats Estimates
- EPIC IPO : Epic Suisse Sets Price Range For Swiss IPO At CHF67-CHF77/Shr
- EVT GY : Evotec, Sernova Partner for Diabetes Cell Replacement Therapy
- FCT IM : Fincantieri Names Pierroberto Folgiero as CEO
- GYC GY : Grand City Properties 1Q FFO I EU48.4M Vs. EU46.8M Y/y
- HBH GY : Hornbach Sees FY Adj. Ebit `Slightly' Below Previous Year Level
- OERL SW : Oerlikon Targets About CHF3.5b Annual Sales by 2026
- PIRC IM : Camfin, Chemchina Renew Pirelli Shareholder Pact
- RNO FP : Renault CEO Doesn’t Rule Out Nissan Merger: TV Tokyo (May 16)
- S93 GY : EU Plan Could See Solar Panels on All New Buildings: FT
- SBBB SS : SBB CEO Says Rent Levels in Sweden Can’t Go Lower
- SOON SW : Sonova FY Sales Beats Estimates
- STORB SS : Storskogen 1Q Sales Beats Estimates
- TSLA US : Tesla Shanghai Output Reaches 45% of Capacity as Shutdown Eases
- TWTR US : Musk May Sell SpaceX Shares to Fund Twitter Deal: New York Post
- UCG IM : London’s Parvus Raises UniCredit Stake to 5%
- UN01 GY : Uniper Faces Credit Cutoff After Rating Downgrade Over Russia
- VOD LN : Vodafone Sees 2023 Adjusted Ebitda After Leases EU15B to EU15.5B
>>> Up
* Bechtle Raised to Buy at Baader Helvea; PT 60 euros
* Delivery Hero Raised to Buy at Bryan Garnier; PT 66 euros
* Diploma Raised to Sector Perform at RBC; PT 2,450 pence
* Greenvolt Raised to Buy at JB Capital Markets; PT 8 euros
* Just Eat Takeaway Raised to Buy at Bryan Garnier; PT 55 euros
* Krones Raised to Buy at HSBC; PT 96 euros
* Marimekko Raised to Accumulate at Inderes; PT 14 euros
* Prosus Raised to Overweight at JPMorgan; PT 73.40 euros
* Unipol Raised to Buy at Berenberg; PT 7 euros
>>> Down
* Acciona Cut to Sector Perform at RBC; PT 185 euros
* B&S Group Cut to Hold at ING; PT 7.25 euros
* Delticom Cut to Hold at Bankhaus Metzler; PT 3.30 euros
* UnipolSai Cut to Hold at Berenberg; PT 2.98 euros
>>> Initiation
* BMW Rated New Outperform at Bernstein; PT 100 euros
* flatexDEGIRO Rated New Underperform at Autonomous Research
* Koenig & Bauer Rated New Buy at Stifel; PT 24 euros
* Mercedes Rated New Outperform at Bernstein; PT 85 euros
* Porsche SE Reinstated Underperform at Bernstein; PT 60 euros
* Renault Reinstated Market Perform at Bernstein; PT 25 euros
* Vicore Pharma Rated New Buy at Nordea; PT 84 kronor
* Volvo Cars Rated New Outperform at Bernstein; PT 90 kronor
* VW Reinstated Market Perform at Bernstein; PT 208 euros
>>> Call
* Bechtle Up to Buy at Baader With Multiple Contraction Overdone
* Diploma Upgraded at RBC With Valuation Now Less Stretched
* Goldman Downgrades Global Stocks’ Short-Term Outlook to Neutral
* Prosus and Naspers Both Raised at JPMorgan After Tencent Upgrade
* Unipol Upgraded to Buy, UnipolSai Cut to Hold at Berenberg