Cellnex : Evolution of coverage

As part of the rotation of our coverage, we are terminating the coverage with recommendation of Cellnex. Our previous credit opinion was Positive and our previous market recommendations were Buy on convertibles bonds and Neutral on straight bonds. We plan to initiate the coverage of new issuers soon. Issuer Previous credit opinion Previous market recommendation Date of the last report Current reco Cellnex Positive Buy on convertible bonds, Neutral on straight bonds 15/07/2024 No reco

Cellnex : Evolution de la couverture

Dans le cadre de la rotation du suivi de nos valeurs, nous arrêtons la couverture avec recommandation de Cellnex. Notre précédent avis crédit était Positif et nos précédentes recommandations de marché étaient Achat sur les obligations convertibles et Neutre sur les obligations sèches. Nous comptons prochainement initier la couverture de nouveaux émetteurs. Emetteur Précédent avis crédit Précédente reco marché Date de la dernière étude Reco actuelle Cellnex Positif Achat obligations convertibles...

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 07/16/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 16/07/2025

Redeia : H1 2025 results preview: aligned with FY guidance as future r...

Cellnex: Executing its strategy/Credit profile will improve with cash ...

Cellnex has successfully reduced its leverage through divestments and is working to meet its growth targets, as provided in its guidance. The company is aiming for a further leverage reduction to 5.0-6.0x net debt/EBITDA. We continue to think the notes look attractive compared to the notes of Telefonica.

Morning Crédit 14/07/2025

Stada IPO eyed for September again|Orange, Iliad et Bouygues discuteraient d’un partage de SFR (Financial Times)|

Credit Morning 07/14/2025

Stada IPO eyed for September again|Orange, Iliad and Bouygues are reportedly discussing a split of SFR (Financial Times)|

IBERIAN DAILY 09 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: AENA, BANKING SECTOR, CIE AUTOMOTIVE, ENDESA, INDRA, REPSOL, TALGO. Tariff uncertainty It was a session of slight gains in European stock markets whereas the change of dates for the deadlines set by D. Trump to close trade negotiations and implementation of tariff continues (with a new deadline on the 1st August). In the STOXX 600, Basic Resources and Autos were the best-performing sectors vs. the drops of Real Estate and Household. On the macro side, in the US, June’s NFIB SMEs c...

INFORME DIARIO 09 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: AENA, CIE AUTOMOTIVE, ENDESA, INDRA, REPSOL, SECTOR BANCARIO, TALGO. EUROPA: AIRBUS, ESSILORLUXOTTICA, UNICREDIT. Incertidumbre con los aranceles Jornada de tímidas subidas en las bolsas europeas mientras continúa el baile de fechas en los plazos fijados por D. Trump para cerrar las negociaciones comerciales y el comienzo de los aranceles (nuevo plazo el 1 de agosto). En el STOXX 600 Recursos Básicos y Autos fueron los que más subieron frente a las ...

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 07/08/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 08/07/2025

Redeia : Draft on remuneration framework meets our estimates despite f...

Acciona : New stake acquisition in Acciona Energía (+1.692%), this tim...

INFORME DIARIO 04 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME: ESPAÑA: ACCIONA, ACCIONA ENERGÍA, REDEIA. El Euro STOXX 50 consolida los 5.300 puntos Las bolsas europeas continuaron avanzando en una sesión marcada por los buenos datos del mercado laboral estadounidense. En los sectores del STOXX 600 los mejores fueron Hogar y Retail mientras que Farma y R. Básicos (después del acuerdo comercial entre EE.UU. y Vietnam) sufrieron las mayores caídas. Por el lado macro, en la Eurozona ligera mejoría del PMI final de servic...

IBERIAN DAILY 04 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACCIONA/ACCIONA ENERGÍA, REDEIA. Euro STOXX 50 at 5,300 points European stock markets continued to rise in a session marked by the solid US job market data. In the STOXX 600, the best-performing sectors were Household Goods and Retail, whereas Pharma and Basic Materials (after the trade agreement between the US and Vietnam) suffered the biggest losses. On the macro side, in the euro zone June’s final services PMI improved slightly, with the advance in Spain (to 51.9) standing out,...

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 06/30/2025

ODDO BHF SECURITIES LARGE CAPS MORNING NEWS 30/06/2025

Acciona : Falling in love with Total Return Equity Swaps -part V

Coffee, Croissants & Credit/Centrica, EDF, Redeia

Utilities - Centrica could take a 15% stake in Sizewell C. Redeia could announce a new capex hike