EU Insights – July 2026 Must-Reads and Highlights from Equity Research

研报英文原文证据摘录

EU Insights – July 2026 Must-Reads and Highlights from Equity Research

J P M O R G A N Europe Equity Research

05 July 2026

EU Insights – July 2026

Must-Reads and Highlights from Equity Research

This month in J.P. Morgan Europe Equity Research… Head of Developed Europe Equity

Research

AC• Post-Makerfield Matters. Our analysts set out sector and stock implications Bruna Haq

of possible policy changes under a Burnham premiership, alongside a detailed (44-20) 7134-0681

breakdown of UK Housebuilders. bruna.haq@jpmorgan.com

• Credit Check VI: Rates reset, risks refreshed. Our sector teams updated Content Team

their annual analysis of company-level rate sensitivity and debt expiries in the Alezandra Udueni

short- and medium-term, with further detail on the Property sector. (44-20) 3493-4919

alezandra.udueni@jpmorgan.com

• Conviction into events: With 80 companies in our coverage reporting over the Charlotte Barrie, CFA

next 2 weeks, our analysts have placed 18 ideas on Catalyst Watch. For the full

(44 20) 3493-6760

list, and our analysts’ published views into upcoming earnings, see the latest charlotte.barrie@jpmorgan.com

Forward Focus. J.P. Morgan Securities plc

• Industrials Conference Feedback. Following the 24th EU Industrials

Conference, our teams summarised key takeaways across Building Materials,

Paper & Packaging, and Capital Goods. Akash Gupta placed Vestas (OW) on

+CW as conference insights confirmed an attractive near-term setup.

• Back in the game. Wendy Liu reinstated coverage on Sporting Goods, with a

preference for adidas (OW) and On (OW) vs. Puma (N) and JD Sports (N).

• Hack to the future. Kian Abouhossein cautions on AI-driven cybersecurity

risk to Global Banks, favouring higher-spending and better-prepared US

GSIBs.