EU Consumer Sector Specialist Commentary

The report highlights a rating downgrade for Ferretti to Neutral while reiterating an Overweight rating for Marks & Spencer following signs of sales momentum. easyJet's H1 results were in line with expectations with focus shifting to H2 fuel costs and capacity growth.

Key Takeaways

• 1.J.P. Morgan downgrades Ferretti to Neutral (N) due to revenue soft performance, delayed order conversions, and management transition uncertainty.
• 2.Marks & Spencer (M&S) maintains an Overweight (OW) rating as Q4 and current sales trends show returning momentum.
• 3.easyJet H1 results were in line with previous guidance, but Q4 bookings are slightly behind the prior year.

Table of Contents

• Main Highlights for Today
• In details
• Data & Laterals
• Away from Us
• EU Consumer Research
• Investor Access
• Calendar Ahead
• J.P. Morgan Global Consumer Research
• J.P. Morgan Macro & Strategy Research
• J.P. Morgan Consumer Contacts

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial