Software AG French Flair at work
BUY, FV EUR40
Indra Sistemas: Q1 16 results slightly below consensus, restructuring advancing according to plan
NEUTRAL, Fair Value EUR10 (-3%)
Campari: Strong improvement in profitability
BUY, Fair Value EUR9,7 vs. EUR9,3 (+11%)
Casino Guichard: Interview with Jean-Charles Naouri (CEO) in Le Figaro (first take)
BUY, Fair Value EUR57 (+15%)
Melia Hotels: Feedback call: Stronger top line, EBITDA slightly disappointing. RevPAR guidance upgraded
BUY-Top Picks, Fair Value EUR15 (+40%)
AB InBev: Conf call feedback and updating forecasts
NEUTRAL, Fair Value EUR109 (0%)
Sage Group: H1 FY16 analysts’ meeting feedback: executing broadly on plan
SELL, Fair Value 555p vs. 550p (-5%)
Dialog Semiconductor: Dialog slashes FY16 guidance and announces a share buyback programme
BUY, Fair Value EUR39 (+30%)