European equity research this week is thin but pointed, with the clearest signal a bearish call on UK stocks into year-end.
Researchers argue UK equities face further downside through the rest of 2024, pointing to slowing momentum across construction, energy production and retail, with policy uncertainty under the new Prime Minister adding to the drag.
On single names, one thread of published analysis makes a constructive case on German marine shipbuilder tkms, citing a recently upgraded revenue forecast and a roughly eight-year secured order backlog. Analysts in that camp flag additional upside if management raises medium-term targets.
A separate, longer-horizon view frames London-listed Diageo as a strategic buy. The argument: the stock has halved from its 2021 highs while global cash flows remain strong and management is improving, offering what those researchers describe as a substantial margin of safety over a five-to-seven-year window, and a defensive holding if tech corrects.