UK's Ashtead rises; Berenberg initiates coverage with 'buy' rating
** Shares of British equipment rental firm Ashtead Group AHT.L up 2.8% at 5,696p
** Ashtead stock among top gainers in FTSE 100 .FTSE index, which is up 0.70%
** Brokerage Berenberg initiates coverage with "buy" rating with a price target of 7,000 pence
** Brokerage says over the longer term, co is well-placed to take market share and capitalise on opportunities like mega projects and data centre construction
** Also says it expects core profit margin accretion over the medium term
** Berenberg is also bullish on AHT's ability to reach top-end of its FY25 rental revenue growth forecast of 5%-8%
** Stock up ~4% YTD
Reporting by Yamini Kalia in Bengaluru
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