Today's Morning Meeting

J.P. Morgan's daily briefing highlights major upside for CSG following Q1 results and favors Italian wealth managers amid growing competition for high-value savers. The report also details several rating downgrades and price target revisions across European sectors.

Key Takeaways

• 1.J.P. Morgan maintains an Overweight rating on CSG, projecting approximately 80% upside over the next 18 months despite lowering the price target to €34.0.
• 2.Italian asset gatherers Fineco and Mediolanum are favored within the European wealth management sector due to strong customer acquisition and revenue per client.
• 3.Significant rating downgrades were issued for Ferretti Group (to Neutral) and Sappi Ltd (to Underweight).

Table of Contents

• Today's Morning Meeting
• Also Published Today
• In Case You Missed It... Trending in the Last Month
• Key Changes
• JPM Events
• Upcoming Earnings

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