Europe Research Roundup: AB Dynamics Plc, Adevinta ASA, Petrofac

Adevinta ASA

04/04/2023 08:14

April 4 (Reuters) - Securities analysts revised their ratings and price targets on
several European companies, including AB Dynamics Plc, Adevinta ASA and Petrofac, on Tuesday. 
    
    HIGHLIGHTS  
                 * AB Dynamics Plc  ABDP.L : Jefferies initiates coverage with underperform rating 
 
                 * Adevinta ASA  ADEA.OL : Citigroup raises to buy from neutral 
 
                 * Petrofac  PFC.L : Jefferies cuts to hold from buy 
 
      
Following is a summary of research actions on European companies reported by Reuters on Tuesday.
Stock entries are in alphabetical order.
     
                 * AB Dynamics Plc  ABDP.L : Jefferies initiates coverage with underperform rating 
 
                 * Adevinta ASA  ADEA.OL : Citigroup raises price target to NOK 93 from NOK 83 
 
                 * Adevinta ASA  ADEA.OL : Citigroup raises to buy from neutral 
 
                 * Akzo Nobel NV  AKZO.AS : Citigroup raises price target to EUR 81 from EUR 73 
 
                 * Auto Trader  AUTOA.L : JP Morgan raises target price to 630p from 550p 
 
                 * Befesa SA  BFSA.DE : Citigroup raises price target to EUR 43 from EUR 39 
 
                 * Beneteau SA  CHBE.PA : Berenberg cuts target price to EUR 21 from EUR 22 
 
                 * Boliden AB  BOL.ST : Citigroup cuts price target to SEK 350 from SEK 370 
 
                 * Breedon Group Plc  BREE.L : Peel Hunt cuts target price to 86p from 92p 
 
                 * Breedon Group Plc  BREE.L : Peel Hunt cuts to add from buy 
 
                 * Cellnex Telecom SA  CLNX.MC : Citigroup cuts price target to EUR 41 from EUR 43 
 
                 * Cellnex Telecom SA  CLNX.MC : Citigroup cuts to neutral from buy 
 
                 * Covestro AG  1COV.DE : Jefferies cuts target price to EUR 44 from EUR 45 
 
                 * E ON SE  EONGn.DE : HSBC raises target price to EUR 12.2 from EUR 11 
 
                 * Hammerson  HMSO.L : JP Morgan raises target price to 25p from 18p 
 
                 * Holcim AG  HOLN.S : Jefferies raises target price to CHF 63.2 from CHF 50.9 
 
                 * Keywords Studios Plc  KWS.L : Citigroup raises price target to 3030p from 2955p 
 
                 * Merck KGaA  MRCG.DE : Jefferies cuts target price to EUR 205 from EUR 210 
 
                 * Petrofac  PFC.L : Jefferies cuts target price to 70p from 160p 
 
                 * Petrofac  PFC.L : Jefferies cuts to hold from buy 
 
                 * Proximus NV  PROX.BR : Citigroup cuts price target to EUR 12 from EUR 12.5 
 
                 * Renishaw Plc  RSW.L : Jefferies initiates with underperform rating; price target 3270p 
 
                 * Schibsted ASA  SCHA.OL : JP Morgan raises target price to NOK 190 from NOK 173 
 
                 * Secure Trust Bank Plc  STBS.L : Peel Hunt cuts target price to 989p from 991p 
 
                 * Sika AG  SIKA.S : Jefferies cuts target price to CHF 316 from CHF 322 
 
 
 (Compiled by Bengaluru Newsroom)
 ((Diaries@thomsonreuters.com))