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BUZZ-Bernstein sees Nel's 'competitive moat' unconvincing, prefers Nucera ** Bernstein initiates German hydrogen firm Thyssenkrupp Nucera NCH2.DE with "outperform," seeing it as a market leader by backlog, set to tap into green hydrogen growth from industry decarbonisation ** "Move over amateurs, the professionals have arrived," it says and cuts No
CORRECTED-ADVISORY-Research alert on Thyssenkrupp AG withdrawn Corrects to clarify that Thyssenkrupp Nucera is majority owned by Thyssenkrupp AG, and is not an unrelated company Sept 22 (Reuters) - An alert on Bernstein initiating coverage on Thyssenkrupp AG TKAG.DE is wrong and has been withdrawn. The brokerage initiated coverage on Thyssenkrupp Nucera AG & Co KGaa NCH2.DE , which is majority owned by Thyssenkrupp AG.
EUROPE RESEARCH ROUNDUP- Brooks MacDonald Group, TUI, Weir Group Sept 21 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Brooks MacDonald Group, TUI and Weir Group, on Thursday. HIGHLIGHTS * Brooks MacDonald Group Plc BRK.L : RBC cuts target price to 1,900p from 2,100p * Duell Oyj DUELL.HE : Evli Research cuts to hold from buy * Merck KGaA MRCG.DE : Citigroup raises to buy from neutral * TUI AG TUI1n.DE : Jefferies raises to hold f
UPDATE 2-Schott Pharma IPO targets market cap of up to 4.3 bln euros Recasts with market cap, adds background BERLIN/LONDON, Sept 18 (Reuters) - The medical vials division of Schott AG launched its initial public offering on Monday, aiming for a valuation of up to 4.3 billion euros ($4.59 billion), it said in a statement. The German glassmaker is offering a 23% stake in its Schott Pharma business at a price of 24.50 euros to 28.50 euros per share.
Thyssenkrupp creates green tech division, launches performance programme FRANKFURT, Sept 14 (Reuters) - Thyssenkrupp TKAG.DE on Thursday unveiled plans to bundle its businesses with a green technology angle in one segment and launched a performance programme in a bid to reach its mid-term targets and regain trust among investors. The move is the first major effort by CEO Miguel Lopez , who took over the helm in June, to revive the submarines-to-car parts group's fortunes and languishing share pr
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