Europe Equity Research Today's Morning Meeting

J.P. Morgan's daily morning briefing for European Equities highlights key analyst updates for Airbus, Banco Sabadell, and the technology hardware sector. The report sets the stage for the Q2 2026 earnings season across various industrial and financial sectors.

Key Takeaways

• 1.Airbus EPS and Price Target raised due to favorable FX movements, with upcoming Business Update as a key focal point.
• 2.Banco Sabadell downgraded to Underweight citing structural profitability gaps and limited strategic optionality following defense against takeover bid.
• 3.European Tech Hardware outlook suggests preference for SemiCap over Semi Devices due to mixed impacts from AI infrastructure and rising memory costs.

Table of Contents

• Today's Morning Meeting
• Also Published Today
• Company Research
• Sector Research
• Strategy, Macro, Economics & Sustainable Investing Research
• In Case You Missed It… Trending in the Last Month
• Key Changes
• JPM Events
• Conferences
• Upcoming Earnings

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