RBC Capital Markets
June 16, 2026
UK and European Research at a Glance
EquitiesCommoditiesConsumer DiscretionaryConsumer Staples
RBC Capital Markets provides research updates including initiations, rating changes, and industry analysis for June 16, 2026. Key coverage includes updates on Assa Abloy, Currys, Frasers Group, and the geopolitical impact of the US/Iran situation on commodity markets.
Key Takeaways
- 1.Assa Abloy initiated at Outperform due to value-accretive M&A strategy and decade-low valuation.
- 2.Currys upgraded to Outperform based on transition to multi-year compounder status.
- 3.Geopolitical relief from US/Iran ceasefire provides tailwinds to copper prices and producer costs.
Table of Contents
- Initiations
- Rating Revisions
- Industry Comments
- Investment Strategy Research
- Quick Takes
- Global Commodity Strategy and MENA
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Authors
Nick HousdenMark FieldingSebastian KuenneColin MoodyRichard ChamberlainManjari DharLori CalvasinaHelima Croft
Securities
ASSA BCURY.LFRAS
Themes
Geopolitical impact on commodity pricesBolt-on M&A strategy
Regions
EuropeMiddle EastUnited KingdomUnited StatesIran