European equities are sending mixed signals today, according to third-party research crossing the desk.
On the bullish side, some analysts flag a positive DAX open, pointing to hopes for a diplomatic path on Iran that has pulled oil prices lower, alongside strong performance from index heavyweight SAP.
Working the other way, a separate strand of published research warns that Europe's auto sector faces sustained structural headwinds. Tariff and minimum-price rules on Chinese EVs have squeezed margins, driven job cuts — Volkswagen's proposed 15% workforce reduction being the standout — and ramped up competitive pressure that researchers argue is unlikely to ease over the next 12 months.
On single names, recent research makes a bullish case for tower operator Cellnex: trading near 11x EBITDA versus 24x five years ago, with contracted revenue from 112,000 towers, a free cash flow yield around 9%, and roughly 6% annual organic cash flow growth. As legacy build-to-suit spending rolls off, analysts expect room for buybacks and dividend growth, viewing consolidation and substitution risks as overstated. A separate technical read flags Jonas Group's breakout to a new yearly high as pointing to further near-term upside.