European movers were in focus today as several companies announced updates on their performance. Among the winners, ASML (ASML NA) saw an upgrade to Buy from Neutral at UBS after reporting strong demand for its semiconductor equipment. The company’s stock price rose by 2.2% on the news. Safran (SAF FP) also had a positive day, with its aircraft interiors business potentially fetching as much as EUR 1.5 billion in a sale. This led to a 1.1% increase in the company’s stock price. BMW (BMW GY) CEO was also quoted as being positive on the potential sale of the company’s business, leading to a 0.7% increase in the stock price.

On the other hand, several companies saw losses in today’s trading. Admiral (ADM LN) was downgraded to Sell from Reduce at Peel Hunt, leading to a 0.9% decrease in the company’s stock price. Orsted (ORSTED DC) also saw a decline, with the midpoint of its FY25 guidance being cut. This led to a 1.7% decrease in the company’s stock price. PostNL (PST NA) had a particularly poor day, with a judge finding no grounds to grant the company a subsidy. This led to a 3.0% decline in the company’s stock price.

Overall, today’s updates from European movers highlighted both the potential upside and downside of investing in these companies. As always, it is important to conduct thorough research and analysis before making any investment decisions.