European Movers: Shell (SHEL LN) +1.1%, Fagron (FAGR BB) +1.1%, Lloyds (LLOY LN) +0.7%, Unilever (ULVR LN) +0.6%, Pernod Ricard (RI FP) -0.2%, Kering (KER FP) -0.6%
Alcohol Names - Alcohol stocks in Europe are indicated lower following poor guidance from US-listed Constellation Brands. It beat on top- and bottom-line, but withdrew fiscal 2028 outlook. Initial FY27 EPS between 11.20-11.90 (exp. 12.36).
Deutsche Bank (DBK GY) upgraded to Neutral from Sell at Citi
Fagron (FAGR NA) - Q1 2025 (EUR): Revenue 263mln (exp. 260.7mln). Positive momentum in the roll out of our Brands strategy while operational excellence initiatives continue to deliver benefits. FY 2026 guidance: mid- to high-single digit organic sales growth at CER and a REBITDA margin of c.20% (H2 higher than H1), reflecting the Pharmavit acquisition. (Fagron)
Kering (KER FP) - Constructive mention in the WSJ, which said that six months into his unexpected appointment at Kering, CEO Luca de Meo is making bold moves that are being closely watched across the luxury industry. (WSJ)
Lloyds (LLOY LN) upgraded to Buy from Neutral at Citi
Unilever (ULVR LN) upgraded to Buy from Hold at DZ Bank
Several European equities are seeing movement as notable upgrades in ratings could influence investor sentiment. Deutsche Bank’s upgrade to Neutral from Sell signals a more favorable outlook which may restore confidence in financials, while upgrades for both Lloyds and Unilever to Buy may attract fresh buying interest in the banking and consumer sectors. Conversely, declines in alcohol stocks suggest a cautious mood following Constellation Brands' guidance warning, which could extend pressures across the sector.