Hints and tips:
...● In brief: Adidas raised to “outperform” at Wells Fargo; Elekta cut to “underweight” at JPMorgan; Neste Oil rated new “buy” at Deutsche Bank; Nexity raised to “buy” at Kepler Cheuvreux; Plastic Omnium...
...: Stifel cuts Whitbread to “hold”; Kepler raises Whitbread to “hold”; RBC starts coverage of Energean Oil & Gas with “outperform”; Morgan Stanley starts coverage of Energean with “overweight”; Deutsche Bank...
...Critics say it has become overexposed to the housing market through Crédit Foncier, its mortgage lending subsidiary and Nexity, the property development company....
...Nicolas Merindol, chief executive, said the mutual bank, which also has an interest in the Nexity property group, “has no plan and no need to recapitalise....
...Deutsche initiated coverage on Nexity , 1.5 per cent lower at €42.56, with a “buy” recommendation and on Kaufman & Broad, down 1.2 per cent at €41.56, with a “hold”, expecting both to play decisive roles...
...Two years ago Warren Bennett, a Cambridge graduate who had also studied aeronautical engineering at MIT, had to decide between top job offers from Shell, LVMH and the French house builder Nexity....
...The bank does not recommend one over the other....
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