Europe Equity Research Today's Morning Meeting

This report provides J.P. Morgan's daily equity research outlook for European markets, highlighting company-specific M&A, sector-wide downgrades in Chemicals, and upcoming earnings previews.

Key Takeaways

• 1.Schneider Electric's acquisition of Cognite is viewed as strategically sound but expensive at 18x EV/Sales.
• 2.European Chemicals sector outlook remains negative; BASF placed on negative Controversy Watch.
• 3.Global equity trading remains a growth engine, with tactical outperform ratings on Goldman Sachs and Morgan Stanley.

Table of Contents

• Today's Morning Meeting
• Also Published Today
• Strategy, Macro, Economics Sustainable Investing Research
• In Case You Missed It... Trending in the Last Month
• Getting Lost in Transmission: Exploring the Energy Bull Case
• Key Changes
• Rating Changes
• Price Target Changes
• EPS Estimate Changes
• JPM Events
• Conferences
• Upcoming Earnings

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