Kepler Downgrades Italgas to Hold from Buy

« In the last year, Italgas’s share price has risen by 64% (YTD: 41%; 6M 11%) » says the broker. « The share price has reached our TP of EUR5.3, thus we downgrade our rating from Buy to Hold. Our ranking of Italian regulated utilities is now: 1) SNAM (Hold, TP EUR4.5); 2) Italgas (Hold, TP EUR5.3); and 3) Terna (Reduce, TP EUR4.9) », they add.

Kepler Starts Coverage of Akastor with Buy Rating

Kepler note summary of summary goes:

« We initiate coverage on investment company Akastor (AKA) with a Buy rating and TP of NOK22. The group has achieved impressive value creation through divestments over the last year, and we see room for more accretive deals in the future. The stock is down c. 14% since its November peak, and we see an attractive entry point to get on this speedy M&A train. »