Top of the Street: Man Group, Munters, Comet
A round-up of notable broker activity this morning from Europe's top-ranked* analysts:
** UBS cuts Man Group EMG.L to "neutral", pointing out that the UK-based investment management company's key AHL funds are performing below their target levels, despite seeing long-term value in Man Group's shares
** Kepler Cheuvreux upgrades Munters (MTRS.ST) to "buy", recognizing its growth opportunities in energy efficiency, despite lowering the target price after a slight Q3 miss for the Sweden-based climate control solutions provider
INITIATIONS AND REINSTATEMENTS
** Berenberg initiates Comet Holding COTNE.S with "buy", expecting the Swiss radio frequency (RF) and X-ray technology manufacturer to benefit from the company's plasma-based and X-ray solutions related to semiconductor production and the launch of its RF delivery platform Synertia
(*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 W. Nowak; Editing by Vijay Kishore
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